Micron Technology‘s remarkable run on Wall Street may be nearing a turning point, at least according to one closely watched technical read. A new analysis suggests the Micron stock price could tumble to $400 by late February 2027, a scenario that would erase more than half of its current market value even as the company keeps posting some of the strongest earnings numbers in the memory-chip industry’s history.

Key takeaways

• Micron (NASDAQ: MU) closed its latest session at $933, according to the analysis shared by TradingShot on TradingView.
• A 20-year ascending channel and Fibonacci retracement levels point to a possible drop to $400 by late February 2027, a roughly 57% decline from current levels.
• Micron has historically generated…