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 06/11/2024 (GMT)

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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
61%
6%
33%
My opinion
Bullish above 133.26 USD
My targets
139.06 USD (+3.18%)
143.99 USD (+6.84%)
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 133.26 USD. The buyers' bullish objective is set at 139.06 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 143.99 USD. 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
7.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The MICRON TECHNOLOGY INC. rating is 134.77 USD. The price is lower by -0.04% since the last closing with the lowest point at 133.05 USD and the highest point at 135.49 USD. The deviation from the price is +1.29% for the low point and -0.53% for the high point.

133.05
135.49
134.77

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

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

Central Records

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



Technical


Technical analysis of this 1H chart of MICRON TECHNOLOGY INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 128.01 130.18 133.26 134.77
Change (%) -5.02% -3.41% -1.12% -
Change -6.76 -4.59 -1.51 -
Level Major Minor Intermediate -



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard125.18127.45131.13133.40137.08139.35143.03
Camarilla133.18133.73134.28134.82135.37135.91136.46
Woodie125.90127.80131.85133.75137.80139.70143.75
Fibonacci127.45129.72131.12133.40135.67137.07139.35


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard117.02121.08126.01130.07135.00139.06143.99
Camarilla128.47129.29130.12130.94131.76132.59133.41
Woodie117.46121.30126.45130.29135.44139.28144.43
Fibonacci121.08124.51126.64130.07133.50135.63139.06


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard86.8597.80111.40122.35135.95146.90160.50
Camarilla118.25120.50122.75125.00127.25129.50131.75
Woodie88.1898.46112.73123.01137.28147.56161.83
Fibonacci97.80107.18112.97122.35131.73137.52146.90

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): 62.34
MACD (12,26,9): 1.3800
Directional Movement: 5.81
AROON (14): 42.85
DEMA (21): 134.59
Parabolic SAR (0,02-0,02-0,2): 131.94
Elder Ray (13): 0.66
Super Trend (3,10): 130.75
Zig ZAG (10): 134.75
VORTEX (21): 1.1300
Stochastique (14,3,5): 76.01
TEMA (21): 135.04
Williams %R (14): -18.32
Chande Momentum Oscillator (20): 2.45
Repulse (5,40,3): -0.1200
ROCnROLL: 1
TRIX (15,9): 0.1500
Courbe Coppock: 5.45
MA7: 131.27
MA20: 128.95
MA50: 122.36
MA100: 107.59
MAexp7: 134.11
MAexp20: 132.80
MAexp50: 130.83
MAexp100: 128.86
Price / MA7: +2.67%
Price / MA20: +4.51%
Price / MA50: +10.14%
Price / MA100: +25.26%
Price / MAexp7: +0.49%
Price / MAexp20: +1.48%
Price / MAexp50: +3.01%
Price / MAexp100: +4.59%

Quotes : - 15 min delayed data - NASDAQ Stocks

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

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