MICRON TECHNOLOGY INC.
16.035
USD
(-1.35%)
03/31/2025 - 13:33
Open 15 min delayed data - NASDAQ Stocks
| Open: | 16.175 |
| Change: | -0.220 |
| Volume: | 134,981 |
| Low: | 15.920 |
| High: | 16.190 |
| High / Low range: | 0.270 |
| Type: | Stocks |
| Ticker: | MU |
| ISIN: |
MICRON TECHNOLOGY INC. - Daily - Technical analysis published on 07/01/2024 (GMT)
- 180
- 0
- 07/01/2024 - 19:35
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- Timeframe : Daily
- - Analysis generated on 07/01/2024 - 19:35
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 128.01 USD
My targets
138.07 USD (+5.08%)
153.45 USD (+16.78%)
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 128.01 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 138.07 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 153.45 USD as an objective. If the support 128.01 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.5
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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 131.40 USD. The price registered a decrease of -0.10% on the session and was traded between 127.27 USD and 132.08 USD over the period. The price is currently at +3.25% from its lowest and -0.51% from its highest.127.27
132.08
131.40
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on MICRON TECHNOLOGY INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of MICRON TECHNOLOGY INC. in Daily shows an overall bullish trend. 75.00% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 95.80 | 106.77 | 128.01 | 131.40 | 153.45 |
| Change (%) | -27.09% | -18.74% | -2.58% | - | +16.78% |
| Change | -35.60 | -24.63 | -3.39 | - | +22.05 |
| Level | Major | Intermediate | Major | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.04 | 127.90 | 129.71 | 132.57 | 134.38 | 137.24 | 139.05 |
| Camarilla | 130.25 | 130.67 | 131.10 | 131.53 | 131.96 | 132.39 | 132.81 |
| Woodie | 124.53 | 127.64 | 129.20 | 132.31 | 133.87 | 136.98 | 138.54 |
| Fibonacci | 127.90 | 129.68 | 130.78 | 132.57 | 134.35 | 135.45 | 137.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.51 | 122.13 | 126.83 | 135.45 | 140.15 | 148.77 | 153.47 |
| Camarilla | 127.87 | 129.09 | 130.31 | 131.53 | 132.75 | 133.97 | 135.19 |
| Woodie | 111.55 | 121.15 | 124.87 | 134.47 | 138.19 | 147.79 | 151.51 |
| Fibonacci | 122.13 | 127.22 | 130.36 | 135.45 | 140.54 | 143.68 | 148.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.20 | 105.67 | 118.60 | 138.07 | 151.00 | 170.47 | 183.40 |
| Camarilla | 122.62 | 125.59 | 128.56 | 131.53 | 134.50 | 137.47 | 140.44 |
| Woodie | 82.93 | 104.04 | 115.33 | 136.44 | 147.73 | 168.84 | 180.13 |
| Fibonacci | 105.67 | 118.05 | 125.69 | 138.07 | 150.45 | 158.09 | 170.47 |
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): | 46.27 | |
| MACD (12,26,9): | 2.2300 | |
| Directional Movement: | -4.42 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 139.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 153.67 | |
| Elder Ray (13): | -7.33 | |
| Super Trend (3,10): | 147.93 | |
| Zig ZAG (10): | 131.55 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 10.01 | |
| TEMA (21): | 138.18 | |
| Williams %R (14): | -85.61 | |
| Chande Momentum Oscillator (20): | -9.13 | |
| Repulse (5,40,3): | -0.9800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4700 | |
| Courbe Coppock: | 6.64 |
| MA7: | 136.76 | |
| MA20: | 137.36 | |
| MA50: | 127.17 | |
| MA100: | 114.54 | |
| MAexp7: | 135.97 | |
| MAexp20: | 136.07 | |
| MAexp50: | 128.73 | |
| MAexp100: | 117.34 | |
| Price / MA7: | -3.92% | |
| Price / MA20: | -4.34% | |
| Price / MA50: | +3.33% | |
| Price / MA100: | +14.72% | |
| Price / MAexp7: | -3.36% | |
| Price / MAexp20: | -3.43% | |
| Price / MAexp50: | +2.07% | |
| Price / MAexp100: | +11.98% |
Quotes :
07/01/2024 - 19:19
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15 min delayed data
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NASDAQ Stocks
News
The last news published on MICRON TECHNOLOGY INC. at the time of the generation of this analysis was as follows:
- 04/17/2024 - 06:00 Droplet Micron Launches Expanded Indication and OTC Availability
- 03/28/2024 - 13:31 Thinking about trading options or stock in Micron Technology, Apple, Amazon.com, Palantir Technologies, or Microsoft?
- 03/26/2024 - 13:31 Thinking about trading options or stock in Super Micro Computer, Micron Technology, Tesla, Microsoft, or Intel?
- 03/22/2024 - 13:31 Thinking about trading options or stock in Micron Technology, Apple, PayPal, Super Micro Computer, or GigaCloud Technology?
-
03/21/2024 - 14:10
Is Micron a stock to watch? #stocks #micron #financialindustry
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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