AI Market Analysis

MU is caught in a deep downtrend, trading well below all its major moving averages. The Relative Strength Index (RSI) is low at 35.2, nearing oversold territory, but the MACD is still bearish, so there's no immediate reversal signal here. With a significant drawdown of 40.2% from its peak, it's been a tough one for investors. It's best to be cautious with MU.