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. - Daily - Technical analysis published on 10/01/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 95.71 USD

My targets

108.82 USD (+4.93%)

123.47 USD (+19.06%)

My analysis

The strong short-term increase in MICRON TECHNOLOGY INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 95.71 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 108.82 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 123.47 USD as an objective. Crossing it would then enable buyers to target 127.89 USD. Caution, a return under 95.71 USD could jeopardize the reversal.

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

2.7

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 AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MICRON TECHNOLOGY INC. rating is 103.71 USD. The price registered a decrease of -3.53% on the session with the lowest point at 102.26 USD and the highest point at 106.75 USD. The deviation from the price is +1.42% for the low point and -2.85% for the high point.

102.26

106.75

103.71

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:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of MICRON TECHNOLOGY INC. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. 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:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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 : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	79.25	86.80	95.71	103.71	108.82	127.89	136.54
Change (%)	-23.58%	-16.31%	-7.71%	-	+4.93%	+23.32%	+31.66%
Change	-24.46	-16.91	-8.00	-	+5.11	+24.18	+32.83
Level	Minor	Intermediate	Major	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.24	99.75	101.73	104.24	106.22	108.73	110.71
Camarilla	102.48	102.89	103.30	103.71	104.12	104.53	104.95
Woodie	96.98	99.62	101.47	104.11	105.96	108.60	110.45
Fibonacci	99.75	101.47	102.53	104.24	105.96	107.02	108.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.24	99.75	101.73	104.24	106.22	108.73	110.71
Camarilla	102.48	102.89	103.30	103.71	104.12	104.53	104.95
Woodie	96.98	99.62	101.47	104.11	105.96	108.60	110.45
Fibonacci	99.75	101.47	102.53	104.24	105.96	107.02	108.73

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.86
MACD (12,26,9):	1.1300
Directional Movement:	18.73
AROON (14):	71.42
DEMA (21):	96.22
Parabolic SAR (0,02-0,02-0,2):	91.99
Elder Ray (13):	7.23
Super Trend (3,10):	95.88
Zig ZAG (10):	103.71
VORTEX (21):	0.8600
Stochastique (14,3,5):	74.67
TEMA (21):	101.07
Williams %R (14):	-36.15
Chande Momentum Oscillator (20):	16.50
Repulse (5,40,3):	-5.5800
ROCnROLL:	1
TRIX (15,9):	-0.2600
Courbe Coppock:	24.64

MA7:	99.33
MA20:	92.18
MA50:	97.78
MA100:	114.46
MAexp7:	100.51
MAexp20:	96.25
MAexp50:	100.45
MAexp100:	105.16
Price / MA7:	+4.41%
Price / MA20:	+12.51%
Price / MA50:	+6.06%
Price / MA100:	-9.39%
Price / MAexp7:	+3.18%
Price / MAexp20:	+7.75%
Price / MAexp50:	+3.25%
Price / MAexp100:	-1.38%

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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