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 07/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 131.88 USD

My targets

136.60 USD (+1.32%)

142.23 USD (+5.50%)

My analysis

MICRON TECHNOLOGY INC. is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 131.88 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 136.60 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 142.23 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 153.31 USD. Beware of a possible return to under the support located at 131.88 USD which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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

The MICRON TECHNOLOGY INC. price is 134.82 USD. The price has increased by +2.81% since the last closing with the lowest point at 132.70 USD and the highest point at 135.76 USD. The deviation from the price is +1.60% for the low point and -0.69% for the high point.

132.70

135.76

134.82

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

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 an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of MICRON TECHNOLOGY INC. in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	106.67	120.90	127.89	134.82	135.40	142.23	153.31
Change (%)	-20.88%	-10.32%	-5.14%	-	+0.43%	+5.50%	+13.71%
Change	-28.15	-13.92	-6.93	-	+0.58	+7.41	+18.49
Level	Intermediate	Minor	Major	-	Major	Intermediate	Major

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	125.28	128.08	129.61	132.41	133.94	136.74	138.27
Camarilla	129.95	130.35	130.74	131.14	131.54	131.93	132.33
Woodie	124.65	127.76	128.98	132.09	133.31	136.42	137.64
Fibonacci	128.08	129.73	130.76	132.41	134.06	135.09	136.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	116.90	122.03	126.75	131.88	136.60	141.73	146.45
Camarilla	128.77	129.67	130.58	131.48	132.38	133.29	134.19
Woodie	116.71	121.93	126.56	131.78	136.41	141.63	146.26
Fibonacci	122.03	125.79	128.11	131.88	135.64	137.96	141.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.12	105.58	118.49	137.95	150.86	170.32	183.23
Camarilla	122.51	125.48	128.44	131.41	134.38	137.35	140.31
Woodie	82.86	103.94	115.23	136.31	147.60	168.68	179.97
Fibonacci	105.58	117.94	125.58	137.95	150.31	157.95	170.32

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):	60.55
MACD (12,26,9):	0.4100
Directional Movement:	16.34
AROON (14):	64.28
DEMA (21):	133.31
Parabolic SAR (0,02-0,02-0,2):	131.16
Elder Ray (13):	1.93
Super Trend (3,10):	130.72
Zig ZAG (10):	135.32
VORTEX (21):	1.0300
Stochastique (14,3,5):	88.30
TEMA (21):	134.11
Williams %R (14):	-7.50
Chande Momentum Oscillator (20):	4.30
Repulse (5,40,3):	1.0100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	2.63

MA7:	132.73
MA20:	137.95
MA50:	129.69
MA100:	117.38
MAexp7:	133.87
MAexp20:	132.98
MAexp50:	133.49
MAexp100:	134.75
Price / MA7:	+1.57%
Price / MA20:	-2.27%
Price / MA50:	+3.96%
Price / MA100:	+14.86%
Price / MAexp7:	+0.71%
Price / MAexp20:	+1.38%
Price / MAexp50:	+1.00%
Price / MAexp100:	+0.05%

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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