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 11/15/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 73.66 USD

My targets

81.46 USD (+5.60%)

83.61 USD (+8.39%)

My analysis

MICRON TECHNOLOGY INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 73.66 USD. The next resistance located at 81.46 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 83.61 USD. After this resistance, buyers could then target 96.03 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

Comment on the analysis

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.

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Additional analysis

Quotes

The MICRON TECHNOLOGY INC. price is 77.14 USD. The price is lower by -0.04% since the last closing with the lowest point at 76.31 USD and the highest point at 77.50 USD. The deviation from the price is +1.09% for the low point and -0.46% for the high point.

76.31

77.50

77.14

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.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this MICRON TECHNOLOGY INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.59	70.22	73.66	77.14	77.39	83.61	96.03
Change (%)	-12.38%	-8.97%	-4.51%	-	+0.32%	+8.39%	+24.49%
Change	-9.55	-6.92	-3.48	-	+0.25	+6.47	+18.89
Level	Minor	Intermediate	Major	-	Intermediate	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
Standard	74.70	75.30	76.24	76.84	77.78	78.38	79.32
Camarilla	76.75	76.89	77.03	77.17	77.31	77.45	77.59
Woodie	74.86	75.39	76.40	76.93	77.94	78.47	79.48
Fibonacci	75.30	75.89	76.26	76.84	77.43	77.80	78.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.29	70.00	72.68	74.39	77.07	78.78	81.46
Camarilla	74.15	74.56	74.96	75.36	75.76	76.17	76.57
Woodie	68.78	70.24	73.17	74.63	77.56	79.02	81.95
Fibonacci	70.00	71.68	72.71	74.39	76.07	77.10	78.78

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.38
MACD (12,26,9):	0.8600
Directional Movement:	14.53
AROON (14):	85.71
DEMA (21):	77.14
Parabolic SAR (0,02-0,02-0,2):	74.86
Elder Ray (13):	0.64
Super Trend (3,10):	75.34
Zig ZAG (10):	77.07
VORTEX (21):	1.1700
Stochastique (14,3,5):	82.49
TEMA (21):	77.26
Williams %R (14):	-12.43
Chande Momentum Oscillator (20):	2.16
Repulse (5,40,3):	-0.0900
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	6.22

MA7:	74.73
MA20:	70.39
MA50:	69.63
MA100:	67.78
MAexp7:	76.85
MAexp20:	76.01
MAexp50:	74.38
MAexp100:	72.48
Price / MA7:	+3.22%
Price / MA20:	+9.59%
Price / MA50:	+10.79%
Price / MA100:	+13.81%
Price / MAexp7:	+0.38%
Price / MAexp20:	+1.49%
Price / MAexp50:	+3.71%
Price / MAexp100:	+6.43%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on MICRON TECHNOLOGY INC. at the time of the generation of this analysis was as follows:

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

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