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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 04/08/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 121.17 USD
My targets
127.38 USD (+3.12%)
130.54 USD (+5.67%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MICRON TECHNOLOGY INC.. As long as you are above the support located at 121.17 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 127.38 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 130.54 USD as an objective. If the support 121.17 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7

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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15 min. Daily Weekly

Additional analysis

Quotes

MICRON TECHNOLOGY INC. rating 123.53 USD. The price registered a decrease of -0.04% on the session with the lowest point at 123.19 USD and the highest point at 129.70 USD. The deviation from the price is +0.28% for the low point and -4.76% for the high point.

123.19
129.70
123.53

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 20 days

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. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 95.80 98.88 121.17 123.53 127.38 130.54
Change (%) -22.45% -19.95% -1.91% - +3.12% +5.67%
Change -27.73 -24.65 -2.36 - +3.85 +7.01
Level Major Intermediate Intermediate - Minor Intermediate



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
Standard118.36119.78121.68123.10125.00126.42128.32
Camarilla122.67122.97123.28123.58123.88124.19124.49
Woodie118.60119.90121.92123.22125.24126.54128.56
Fibonacci119.78121.05121.83123.10124.37125.15126.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.67112.83118.21124.37129.75135.91141.29
Camarilla120.41121.46122.52123.58124.64125.70126.75
Woodie106.27112.64117.81124.18129.35135.72140.89
Fibonacci112.83117.24119.97124.37128.78131.51135.91


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard65.8278.0297.95110.15130.08142.28162.21
Camarilla109.05112.00114.95117.89120.84123.78126.73
Woodie69.7079.95101.83112.08133.96144.21166.09
Fibonacci78.0290.2997.87110.15122.42130.00142.28

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): 48.25
MACD (12,26,9): 0.0800
Directional Movement: 14.14
AROON (14): 50.00
DEMA (21): 124.67
Parabolic SAR (0,02-0,02-0,2): 121.70
Elder Ray (13): -0.23
Super Trend (3,10): 127.61
Zig ZAG (10): 124.03
VORTEX (21): 0.9300
Stochastique (14,3,5): 39.00
TEMA (21): 123.55
Williams %R (14): -69.06
Chande Momentum Oscillator (20): -1.21
Repulse (5,40,3): -2.3400
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 5.02
MA7: 123.47
MA20: 109.66
MA50: 96.44
MA100: 88.59
MAexp7: 124.09
MAexp20: 124.33
MAexp50: 122.16
MAexp100: 116.24
Price / MA7: +0.05%
Price / MA20: +12.65%
Price / MA50: +28.09%
Price / MA100: +39.44%
Price / MAexp7: -0.45%
Price / MAexp20: -0.64%
Price / MAexp50: +1.12%
Price / MAexp100: +6.27%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


Don't forget to follow the news on MICRON TECHNOLOGY INC.. At the time of publication of this analysis, the latest news was as follows:

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

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