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 01/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 83.28 USD

My targets

85.55 USD (+1.53%)

86.94 USD (+3.18%)

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 83.28 USD, a purchase could be considered. The first bullish objective is located at 85.55 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 86.94 USD as an objective. Crossing it would then enable buyers to target 95.89 USD. In the event of a return below 83.28 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.1

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 84.26 USD. On the day, this instrument gained +2.27% and was traded between 82.33 USD and 85.21 USD over the period. The price is currently at +2.34% from its lowest and -1.11% from its highest.

82.33

85.21

84.26

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MICRON TECHNOLOGY INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a 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 bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	78.48	81.69	83.28	84.26	85.55	86.94	95.89
Change (%)	-6.86%	-3.05%	-1.16%	-	+1.53%	+3.18%	+13.80%
Change	-5.78	-2.57	-0.98	-	+1.29	+2.68	+11.63
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.37	81.04	81.71	82.38	83.05	83.72	84.39
Camarilla	82.02	82.14	82.27	82.39	82.51	82.64	82.76
Woodie	80.38	81.04	81.72	82.38	83.06	83.72	84.40
Fibonacci	81.04	81.55	81.87	82.38	82.89	83.21	83.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.01	79.34	80.86	83.19	84.71	87.04	88.56
Camarilla	81.33	81.68	82.04	82.39	82.74	83.10	83.45
Woodie	76.62	79.14	80.47	82.99	84.32	86.84	88.17
Fibonacci	79.34	80.81	81.72	83.19	84.66	85.57	87.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.28	67.05	76.20	81.97	91.12	96.89	106.04
Camarilla	81.24	82.61	83.97	85.34	86.71	88.08	89.44
Woodie	62.96	67.90	77.88	82.82	92.80	97.74	107.72
Fibonacci	67.05	72.75	76.27	81.97	87.67	91.19	96.89

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):	60.90
MACD (12,26,9):	0.2900
Directional Movement:	11.43
AROON (14):	57.14
DEMA (21):	83.50
Parabolic SAR (0,02-0,02-0,2):	82.27
Elder Ray (13):	0.72
Super Trend (3,10):	82.71
Zig ZAG (10):	84.35
VORTEX (21):	1.0800
Stochastique (14,3,5):	76.84
TEMA (21):	83.94
Williams %R (14):	-24.63
Chande Momentum Oscillator (20):	0.96
Repulse (5,40,3):	0.5900
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	2.84

MA7:	83.46
MA20:	83.57
MA50:	78.82
MA100:	73.51
MAexp7:	83.86
MAexp20:	83.27
MAexp50:	83.26
MAexp100:	83.07
Price / MA7:	+0.96%
Price / MA20:	+0.83%
Price / MA50:	+6.90%
Price / MA100:	+14.62%
Price / MAexp7:	+0.48%
Price / MAexp20:	+1.19%
Price / MAexp50:	+1.20%
Price / MAexp100:	+1.43%

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.

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