MICRON TECHNOLOGY INC. - 1H - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 121.18 USD
My targets
128.01 USD (+1.99%)
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 121.18 USD. The buyers' bullish objective is set at 128.01 USD. A bullish break in this resistance would boost the bullish momentum. 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
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRON TECHNOLOGY INC. rating 125.51 USD. The price registered an increase of +2.71% on the session and was traded between 122.08 USD and 125.54 USD over the period. The price is currently at +2.81% from its lowest and -0.02% from its highest.122.08
125.54
125.51
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of MICRON TECHNOLOGY INC. in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 101.75 | 117.11 | 121.18 | 125.51 | 128.01 |
| Change (%) | -18.93% | -6.69% | -3.45% | - | +1.99% |
| Change | -23.76 | -8.40 | -4.33 | - | +2.50 |
| Level | Minor | Minor | Intermediate | - | 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 | 115.49 | 117.75 | 119.97 | 122.23 | 124.45 | 126.71 | 128.93 |
| Camarilla | 120.97 | 121.38 | 121.79 | 122.20 | 122.61 | 123.02 | 123.43 |
| Woodie | 115.48 | 117.74 | 119.96 | 122.22 | 124.44 | 126.70 | 128.92 |
| Fibonacci | 117.75 | 119.46 | 120.52 | 122.23 | 123.94 | 125.00 | 126.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.67 | 112.83 | 118.21 | 124.37 | 129.75 | 135.91 | 141.29 |
| Camarilla | 120.41 | 121.46 | 122.52 | 123.58 | 124.64 | 125.70 | 126.75 |
| Woodie | 106.27 | 112.64 | 117.81 | 124.18 | 129.35 | 135.72 | 140.89 |
| Fibonacci | 112.83 | 117.24 | 119.97 | 124.37 | 128.78 | 131.51 | 135.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.82 | 78.02 | 97.95 | 110.15 | 130.08 | 142.28 | 162.21 |
| Camarilla | 109.05 | 112.00 | 114.95 | 117.89 | 120.84 | 123.78 | 126.73 |
| Woodie | 69.70 | 79.95 | 101.83 | 112.08 | 133.96 | 144.21 | 166.09 |
| Fibonacci | 78.02 | 90.29 | 97.87 | 110.15 | 122.42 | 130.00 | 142.28 |
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): | 59.27 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 17.36 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 122.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 125.81 | |
| Elder Ray (13): | 1.52 | |
| Super Trend (3,10): | 125.36 | |
| Zig ZAG (10): | 125.03 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 93.71 | |
| TEMA (21): | 123.10 | |
| Williams %R (14): | -2.78 | |
| Chande Momentum Oscillator (20): | 3.35 | |
| Repulse (5,40,3): | 2.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.77 |
| MA7: | 124.07 | |
| MA20: | 113.81 | |
| MA50: | 98.56 | |
| MA100: | 90.00 | |
| MAexp7: | 123.93 | |
| MAexp20: | 122.97 | |
| MAexp50: | 122.42 | |
| MAexp100: | 118.41 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +10.28% | |
| Price / MA50: | +27.34% | |
| Price / MA100: | +39.46% | |
| Price / MAexp7: | +1.27% | |
| Price / MAexp20: | +2.07% | |
| Price / MAexp50: | +2.52% | |
| Price / MAexp100: | +6.00% |
Quotes :
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15 min delayed data
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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:
- Thinking about trading options or stock in Micron Technology, Apple, Amazon.com, Palantir Technologies, or Microsoft?
- Thinking about trading options or stock in Super Micro Computer, Micron Technology, Tesla, Microsoft, or Intel?
- Thinking about trading options or stock in Micron Technology, Apple, PayPal, Super Micro Computer, or GigaCloud Technology?
-
Is Micron a stock to watch? #stocks #micron #financialindustry
- Thinking about trading options or stock in Amazon.com, Micron Technology, JPMorgan Chase, Vale, or Lithium Americas?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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