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 07/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 110.99 USD

My targets

106.67 USD (-2.92%)

98.97 USD (-9.93%)

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 under the resistance located at 110.99 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 106.67 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 98.97 USD as an objective. Crossing it would then enable sellers to target 95.71 USD. If the resistance 110.99 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.7

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

MICRON TECHNOLOGY INC. rating 109.88 USD. On the day, this instrument gained +7.14% and was between 108.16 USD and 110.81 USD. This implies that the price is at +1.59% from its lowest and at -0.84% from its highest.

108.16

110.81

109.88

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this MICRON TECHNOLOGY INC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

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

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	79.25	95.71	106.67	109.88	110.99	127.89	136.49
Change (%)	-27.88%	-12.90%	-2.92%	-	+1.01%	+16.39%	+24.22%
Change	-30.63	-14.17	-3.21	-	+1.11	+18.01	+26.61
Level	Major	Major	Major	-	Minor	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.99	97.58	100.07	104.66	107.15	111.74	114.23
Camarilla	100.61	101.26	101.91	102.56	103.21	103.86	104.51
Woodie	91.94	97.06	99.02	104.14	106.10	111.22	113.18
Fibonacci	97.58	100.29	101.96	104.66	107.37	109.04	111.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.90	98.97	104.19	110.26	115.48	121.55	126.77
Camarilla	106.31	107.34	108.38	109.41	110.45	111.48	112.52
Woodie	92.48	98.76	103.77	110.05	115.06	121.34	126.35
Fibonacci	98.97	103.28	105.95	110.26	114.57	117.24	121.55

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):	55.81
MACD (12,26,9):	-1.2100
Directional Movement:	8.24
AROON (14):	28.57
DEMA (21):	105.26
Parabolic SAR (0,02-0,02-0,2):	102.33
Elder Ray (13):	3.45
Super Trend (3,10):	103.41
Zig ZAG (10):	109.46
VORTEX (21):	0.8700
Stochastique (14,3,5):	57.18
TEMA (21):	105.68
Williams %R (14):	-15.76
Chande Momentum Oscillator (20):	1.10
Repulse (5,40,3):	-1.7200
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	6.24

MA7:	108.73
MA20:	120.83
MA50:	128.94
MA100:	121.55
MAexp7:	106.45
MAexp20:	107.07
MAexp50:	110.44
MAexp100:	116.01
Price / MA7:	+1.06%
Price / MA20:	-9.06%
Price / MA50:	-14.78%
Price / MA100:	-9.60%
Price / MAexp7:	+3.22%
Price / MAexp20:	+2.62%
Price / MAexp50:	-0.51%
Price / MAexp100:	-5.28%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on MICRON TECHNOLOGY INC. at the time of the generation of this analysis was as follows:

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

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