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 03/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 92.75 USD

My targets

95.89 USD (+0.82%)

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 92.75 USD. The next resistance located at 95.89 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, 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

8.6

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.

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

Additional analysis

Quotes

MICRON TECHNOLOGY INC. rating 95.11 USD. The price registered an increase of +4.97% on the session and was between 91.92 USD and 95.88 USD. This implies that the price is at +3.47% from its lowest and at -0.80% from its highest.

91.92

95.88

95.11

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

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 (5 years)

Type : Bullish

Timeframe : Weekly

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 MICRON TECHNOLOGY INC. in 1H shows a strongly overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

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 these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	86.89	89.24	92.75	95.11	95.89
Change (%)	-8.64%	-6.17%	-2.48%	-	+0.82%
Change	-8.22	-5.87	-2.36	-	+0.78
Level	Intermediate	Major	Intermediate	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.33	88.08	89.34	90.09	91.35	92.10	93.36
Camarilla	90.06	90.24	90.43	90.61	90.79	90.98	91.16
Woodie	87.60	88.21	89.61	90.22	91.62	92.23	93.63
Fibonacci	88.08	88.84	89.32	90.09	90.85	91.33	92.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.49	76.32	81.16	83.99	88.83	91.66	96.50
Camarilla	83.89	84.59	85.30	86.00	86.70	87.41	88.11
Woodie	74.50	76.82	82.17	84.49	89.84	92.16	97.51
Fibonacci	76.32	79.25	81.06	83.99	86.92	88.73	91.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.66	73.90	82.26	87.50	95.86	101.10	109.46
Camarilla	86.87	88.12	89.36	90.61	91.86	93.10	94.35
Woodie	70.21	74.68	83.81	88.28	97.41	101.88	111.01
Fibonacci	73.90	79.10	82.31	87.50	92.70	95.91	101.10

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):	77.86
MACD (12,26,9):	1.0700
Directional Movement:	35.85
AROON (14):	50.00
DEMA (21):	92.03
Parabolic SAR (0,02-0,02-0,2):	88.93
Elder Ray (13):	3.29
Super Trend (3,10):	90.90
Zig ZAG (10):	95.05
VORTEX (21):	1.1400
Stochastique (14,3,5):	93.83
TEMA (21):	92.03
Williams %R (14):	-3.54
Chande Momentum Oscillator (20):	5.71
Repulse (5,40,3):	4.1100
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	2.07

MA7:	89.91
MA20:	85.72
MA50:	85.35
MA100:	79.22
MAexp7:	92.21
MAexp20:	90.63
MAexp50:	88.54
MAexp100:	86.82
Price / MA7:	+5.78%
Price / MA20:	+10.95%
Price / MA50:	+11.44%
Price / MA100:	+20.06%
Price / MAexp7:	+3.14%
Price / MAexp20:	+4.94%
Price / MAexp50:	+7.42%
Price / MAexp100:	+9.55%

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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