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 10/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 98.94 USD

My targets

104.96 USD (+3.29%)

108.82 USD (+7.09%)

My analysis

All elements being rather 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 98.94 USD. The buyers' bullish objective is set at 104.96 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 108.82 USD. If there is any crossing, the next objective would be the resistance located at 114.80 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

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 101.62 USD. On the day, this instrument gained +1.77% with the lowest point at 99.40 USD and the highest point at 102.48 USD. The deviation from the price is +2.23% for the low point and -0.84% for the high point.

99.40

102.48

101.62

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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 bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
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

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	91.47	95.71	98.94	101.62	102.12	108.82	114.80
Change (%)	-9.99%	-5.82%	-2.64%	-	+0.49%	+7.09%	+12.97%
Change	-10.15	-5.91	-2.68	-	+0.50	+7.20	+13.18
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	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	95.96	97.64	98.75	100.43	101.54	103.22	104.33
Camarilla	99.08	99.34	99.59	99.85	100.11	100.36	100.62
Woodie	95.67	97.50	98.46	100.29	101.25	103.08	104.04
Fibonacci	97.64	98.71	99.37	100.43	101.50	102.16	103.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.90	82.74	95.12	104.96	117.34	127.18	139.56
Camarilla	101.39	103.43	105.46	107.50	109.54	111.57	113.61
Woodie	74.17	83.38	96.39	105.60	118.61	127.82	140.83
Fibonacci	82.74	91.23	96.47	104.96	113.45	118.69	127.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.27	70.20	86.95	100.88	117.63	131.56	148.31
Camarilla	95.27	98.09	100.90	103.71	106.52	109.34	112.15
Woodie	57.69	70.91	88.37	101.59	119.05	132.27	149.73
Fibonacci	70.20	81.92	89.16	100.88	112.60	119.84	131.56

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):	50.85
MACD (12,26,9):	-0.4700
Directional Movement:	4.01
AROON (14):	92.86
DEMA (21):	100.85
Parabolic SAR (0,02-0,02-0,2):	105.24
Elder Ray (13):	0.49
Super Trend (3,10):	104.13
Zig ZAG (10):	101.41
VORTEX (21):	0.9100
Stochastique (14,3,5):	72.47
TEMA (21):	99.76
Williams %R (14):	-25.43
Chande Momentum Oscillator (20):	1.40
Repulse (5,40,3):	0.8000
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	1.52

MA7:	102.66
MA20:	93.91
MA50:	97.02
MA100:	113.89
MAexp7:	100.98
MAexp20:	101.40
MAexp50:	100.52
MAexp100:	98.02
Price / MA7:	-1.01%
Price / MA20:	+8.21%
Price / MA50:	+4.74%
Price / MA100:	-10.77%
Price / MAexp7:	+0.63%
Price / MAexp20:	+0.22%
Price / MAexp50:	+1.09%
Price / MAexp100:	+3.67%

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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