MICRON TECHNOLOGY INC. - 1H - Technical analysis published on 11/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 68.09 USD
My targets
69.19 USD (+0.58%)
70.22 USD (+2.08%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on MICRON TECHNOLOGY INC.. This is a positive signal for buyers. As long as the price remains above 68.09 USD, a purchase could be considered. The first bullish objective is located at 69.19 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 70.22 USD as an objective. Crossing it would then enable buyers to target 73.66 USD. In the event of a return below 68.09 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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Additional analysis
Quotes
MICRON TECHNOLOGY INC. rating 68.79 USD. On the day, this instrument gained +2.87% and was between 67.00 USD and 69.66 USD. This implies that the price is at +2.67% from its lowest and at -1.25% from its highest.67.00
69.66
68.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICRON TECHNOLOGY INC. chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 66.24 | 66.96 | 68.09 | 68.79 | 69.19 | 70.22 | 73.66 |
| Change (%) | -3.71% | -2.66% | -1.02% | - | +0.58% | +2.08% | +7.08% |
| Change | -2.55 | -1.83 | -0.70 | - | +0.40 | +1.43 | +4.87 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.93 | 64.60 | 65.73 | 66.40 | 67.53 | 68.20 | 69.33 |
| Camarilla | 66.38 | 66.54 | 66.71 | 66.87 | 67.04 | 67.20 | 67.37 |
| Woodie | 64.17 | 64.72 | 65.97 | 66.52 | 67.77 | 68.32 | 69.57 |
| Fibonacci | 64.60 | 65.28 | 65.71 | 66.40 | 67.08 | 67.51 | 68.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.97 | 60.92 | 63.29 | 66.24 | 68.61 | 71.56 | 73.93 |
| Camarilla | 64.19 | 64.68 | 65.16 | 65.65 | 66.14 | 66.63 | 67.11 |
| Woodie | 57.67 | 60.78 | 62.99 | 66.10 | 68.31 | 71.42 | 73.63 |
| Fibonacci | 60.92 | 62.96 | 64.21 | 66.24 | 68.28 | 69.53 | 71.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.75 | 60.32 | 63.59 | 67.16 | 70.43 | 74.00 | 77.27 |
| Camarilla | 64.99 | 65.62 | 66.24 | 66.87 | 67.50 | 68.12 | 68.75 |
| Woodie | 56.61 | 60.25 | 63.45 | 67.09 | 70.29 | 73.93 | 77.13 |
| Fibonacci | 60.32 | 62.93 | 64.54 | 67.16 | 69.77 | 71.38 | 74.00 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.21 | |
| MACD (12,26,9): | 0.6900 | |
| Directional Movement: | 24.63 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 67.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.41 | |
| Elder Ray (13): | 1.44 | |
| Super Trend (3,10): | 66.69 | |
| Zig ZAG (10): | 69.00 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.27 | |
| TEMA (21): | 68.65 | |
| Williams %R (14): | -16.59 | |
| Chande Momentum Oscillator (20): | 2.62 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 6.76 |
| MA7: | 66.65 | |
| MA20: | 68.11 | |
| MA50: | 68.30 | |
| MA100: | 67.07 | |
| MAexp7: | 68.23 | |
| MAexp20: | 67.16 | |
| MAexp50: | 66.93 | |
| MAexp100: | 67.41 | |
| Price / MA7: | +3.21% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +0.72% | |
| Price / MA100: | +2.56% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +2.43% | |
| Price / MAexp50: | +2.78% | |
| Price / MAexp100: | +2.05% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on MICRON TECHNOLOGY INC. at the time of the analysis were as follows:
- Thinking about trading options or stock in ASML Holding, NVIDIA, Micron Technology, Alibaba Group, or Li Auto?
- Thinking about trading options or stock in NVIDIA, Tesla, Taiwan Semiconductor Manufacturing, Micron Technology, or Overstock.com?
- Thinking about trading options or stock in Broadcom, ASML, Rambus, Alibaba, or Micron Technology?
-
Why China is blacklisting US chipmaker Micron for some domestic purchases | DW News
- Thinking about buying stock in Palantir Technologies, DraftKings, Micron Technology, Rain Oncology, or VectivBio?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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