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MICRON TECHNOLOGY INC.
MICRON TECHNOLOGY INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MU
ISIN:

MICRON TECHNOLOGY INC. - 1H - Technical analysis published on 11/09/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 73.66 USD
My targets
78.33 USD (+3.96%)
83.61 USD (+10.96%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICRON TECHNOLOGY INC. as long as the price remains well above 73.66 USD. The buyers' bullish objective is set at 78.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 83.61 USD. If there is any crossing, the next objective would be the resistance located at 96.03 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

MICRON TECHNOLOGY INC. rating 75.35 USD. The price has increased by +4.25% since the last closing with the lowest point at 73.50 USD and the highest point at 76.10 USD. The deviation from the price is +2.52% for the low point and -0.99% for the high point.

73.50
76.10
75.35

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of MICRON TECHNOLOGY INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 69.19 70.22 73.66 75.35 83.61 96.03
Change (%) -8.18% -6.81% -2.24% - +10.96% +27.45%
Change -6.16 -5.13 -1.69 - +8.26 +20.68
Level Intermediate Major Major - Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard70.6671.1971.7372.2672.8073.3373.87
Camarilla71.9972.0872.1872.2872.3872.4872.57
Woodie70.6871.1971.7572.2672.8273.3373.89
Fibonacci71.1971.6071.8572.2672.6772.9273.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard59.4262.2967.4470.3175.4678.3383.48
Camarilla70.3871.1171.8572.5873.3274.0574.79
Woodie60.5562.8668.5770.8876.5978.9084.61
Fibonacci62.2965.3667.2570.3173.3875.2778.33


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard56.7560.3263.5967.1670.4374.0077.27
Camarilla64.9965.6266.2466.8767.5068.1268.75
Woodie56.6160.2563.4567.0970.2973.9377.13
Fibonacci60.3262.9364.5467.1669.7771.3874.00

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 78.30
MACD (12,26,9): 0.7300
Directional Movement: 33.00
AROON (14): 35.71
DEMA (21): 73.71
Parabolic SAR (0,02-0,02-0,2): 71.74
Elder Ray (13): 2.59
Super Trend (3,10): 73.51
Zig ZAG (10): 75.89
VORTEX (21): 1.1400
Stochastique (14,3,5): 77.53
TEMA (21): 73.60
Williams %R (14): -11.73
Chande Momentum Oscillator (20): 2.75
Repulse (5,40,3): 2.3300
ROCnROLL: 1
TRIX (15,9): 0.1100
Courbe Coppock: 1.67
MA7: 72.29
MA20: 69.09
MA50: 69.20
MA100: 67.38
MAexp7: 73.64
MAexp20: 72.80
MAexp50: 71.36
MAexp100: 70.06
Price / MA7: +4.23%
Price / MA20: +9.06%
Price / MA50: +8.89%
Price / MA100: +11.83%
Price / MAexp7: +2.32%
Price / MAexp20: +3.50%
Price / MAexp50: +5.59%
Price / MAexp100: +7.55%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The latest news and videos published on MICRON TECHNOLOGY INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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