MICRON TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	MU
ISIN:

MICRON TECHNOLOGY INC. - 1H - Technical analysis published on 08/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 95.71 USD

My targets

100.46 USD (+0.39%)

106.67 USD (+6.60%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on MICRON TECHNOLOGY INC. as long as the price remains well above 95.71 USD. The buyers' bullish objective is set at 100.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 106.67 USD. If there is any crossing, the next objective would be the resistance located at 111.17 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

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. rating is 100.07 USD. On the day, this instrument gained +2.70% and was between 99.85 USD and 101.95 USD. This implies that the price is at +0.22% from its lowest and at -1.84% from its highest.

99.85

101.95

100.07

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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.58	83.78	95.71	100.07	106.67	111.17	127.89
Change (%)	-26.47%	-16.28%	-4.36%	-	+6.60%	+11.09%	+27.80%
Change	-26.49	-16.29	-4.36	-	+6.60	+11.10	+27.82
Level	Intermediate	Major	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	92.77	93.84	95.64	96.71	98.51	99.58	101.38
Camarilla	96.65	96.91	97.18	97.44	97.70	97.97	98.23
Woodie	93.14	94.02	96.01	96.89	98.88	99.76	101.75
Fibonacci	93.84	94.94	95.61	96.71	97.81	98.48	99.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.53	81.22	87.15	90.84	96.77	100.46	106.39
Camarilla	90.44	91.32	92.20	93.08	93.96	94.84	95.73
Woodie	78.65	81.78	88.27	91.40	97.89	101.02	107.51
Fibonacci	81.22	84.90	87.17	90.84	94.52	96.79	100.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.83	81.50	95.66	116.33	130.49	151.16	165.32
Camarilla	100.24	103.44	106.63	109.82	113.01	116.21	119.40
Woodie	57.58	79.87	92.41	114.70	127.24	149.53	162.07
Fibonacci	81.50	94.81	103.03	116.33	129.64	137.86	151.16

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):	67.74
MACD (12,26,9):	1.3300
Directional Movement:	16.68
AROON (14):	85.72
DEMA (21):	96.87
Parabolic SAR (0,02-0,02-0,2):	96.26
Elder Ray (13):	1.12
Super Trend (3,10):	93.84
Zig ZAG (10):	97.44
VORTEX (21):	1.1800
Stochastique (14,3,5):	93.74
TEMA (21):	98.22
Williams %R (14):	-6.60
Chande Momentum Oscillator (20):	1.93
Repulse (5,40,3):	0.6200
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	7.00

MA7:	91.92
MA20:	103.29
MA50:	122.63
MA100:	121.42
MAexp7:	96.87
MAexp20:	95.28
MAexp50:	95.16
MAexp100:	99.71
Price / MA7:	+8.87%
Price / MA20:	-3.12%
Price / MA50:	-18.40%
Price / MA100:	-17.58%
Price / MAexp7:	+3.30%
Price / MAexp20:	+5.03%
Price / MAexp50:	+5.16%
Price / MAexp100:	+0.36%

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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