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 09/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 111.00 USD

My targets

123.47 USD (+9.72%)

127.89 USD (+13.65%)

My analysis

MICRON TECHNOLOGY INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 111.00 USD. The next resistance located at 123.47 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 127.89 USD. After this resistance, buyers could then target 153.31 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

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 112.53 USD. On the day, this instrument gained +17.50% and was traded between 110.58 USD and 114.80 USD over the period. The price is currently at +1.76% from its lowest and -1.98% from its highest.

110.58

114.80

112.53

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

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:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of MICRON TECHNOLOGY INC. in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

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 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	98.41	106.67	111.00	112.53	127.89	153.31
Change (%)	-12.55%	-5.21%	-1.36%	-	+13.65%	+36.24%
Change	-14.12	-5.86	-1.53	-	+15.36	+40.78
Level	Minor	Major	Intermediate	-	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.16	93.04	94.41	95.29	96.66	97.54	98.91
Camarilla	95.15	95.36	95.56	95.77	95.98	96.18	96.39
Woodie	92.40	93.16	94.65	95.41	96.90	97.66	99.15
Fibonacci	93.04	93.90	94.43	95.29	96.15	96.68	97.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.51	84.21	87.56	89.26	92.61	94.31	97.66
Camarilla	89.51	89.97	90.44	90.90	91.36	91.83	92.29
Woodie	83.33	84.62	88.38	89.67	93.43	94.72	98.48
Fibonacci	84.21	86.14	87.33	89.26	91.19	92.38	94.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.68	71.29	83.77	97.38	109.86	123.47	135.95
Camarilla	89.07	91.46	93.85	96.24	98.63	101.02	103.42
Woodie	57.11	71.01	83.20	97.10	109.29	123.19	135.38
Fibonacci	71.29	81.26	87.42	97.38	107.35	113.51	123.47

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):	69.46
MACD (12,26,9):	1.2600
Directional Movement:	18.54
AROON (14):	57.14
DEMA (21):	95.76
Parabolic SAR (0,02-0,02-0,2):	96.12
Elder Ray (13):	0.80
Super Trend (3,10):	92.79
Zig ZAG (10):	95.77
VORTEX (21):	1.1700
Stochastique (14,3,5):	79.53
TEMA (21):	95.99
Williams %R (14):	-11.99
Chande Momentum Oscillator (20):	2.02
Repulse (5,40,3):	0.8400
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	3.82

MA7:	91.37
MA20:	90.46
MA50:	98.38
MA100:	114.78
MAexp7:	95.19
MAexp20:	94.05
MAexp50:	92.06
MAexp100:	91.38
Price / MA7:	+23.16%
Price / MA20:	+24.40%
Price / MA50:	+14.38%
Price / MA100:	-1.96%
Price / MAexp7:	+18.20%
Price / MAexp20:	+19.63%
Price / MAexp50:	+22.21%
Price / MAexp100:	+23.12%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on MICRON TECHNOLOGY INC. at the time of the analysis were as follows:

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

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