MICRON TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	MU
ISIN:

MICRON TECHNOLOGY INC. - Daily - Technical analysis published on 11/04/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

28%

39%

33%

My opinion

Neutral between 95.60 USD and 112.05 USD

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 95.60 USD. The first resistance is located at 112.05 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

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. price is 102.45 USD. The price registered an increase of +2.73% on the session and was traded between 101.00 USD and 103.79 USD over the period. The price is currently at +1.44% from its lowest and -1.29% from its highest.

101.00

103.79

102.45

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MICRON TECHNOLOGY INC. indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	79.25	86.23	95.60	102.45	112.05	127.74	136.38
Change (%)	-22.65%	-15.83%	-6.69%	-	+9.37%	+24.69%	+33.12%
Change	-23.20	-16.22	-6.85	-	+9.60	+25.29	+33.93
Level	Minor	Major	Major	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.96	98.66	99.20	99.90	100.44	101.14	101.68
Camarilla	99.39	99.50	99.62	99.73	99.84	99.96	100.07
Woodie	97.87	98.62	99.11	99.86	100.35	101.10	101.59
Fibonacci	98.66	99.14	99.43	99.90	100.38	100.67	101.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.60	92.84	96.28	102.52	105.96	112.20	115.64
Camarilla	97.07	97.96	98.84	99.73	100.62	101.51	102.39
Woodie	85.21	92.14	94.89	101.82	104.57	111.50	114.25
Fibonacci	92.84	96.53	98.82	102.52	106.21	108.50	112.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.95	88.88	94.27	104.20	109.59	119.52	124.91
Camarilla	95.44	96.84	98.25	99.65	101.05	102.46	103.86
Woodie	76.67	87.75	91.99	103.07	107.31	118.39	122.63
Fibonacci	88.88	94.74	98.35	104.20	110.06	113.67	119.52

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):	49.75
MACD (12,26,9):	0.5700
Directional Movement:	-3.61
AROON (14):	-71.42
DEMA (21):	105.69
Parabolic SAR (0,02-0,02-0,2):	113.54
Elder Ray (13):	-2.15
Super Trend (3,10):	110.50
Zig ZAG (10):	103.77
VORTEX (21):	0.8900
Stochastique (14,3,5):	13.14
TEMA (21):	105.01
Williams %R (14):	-68.81
Chande Momentum Oscillator (20):	-8.28
Repulse (5,40,3):	0.6800
ROCnROLL:	2
TRIX (15,9):	0.2900
Courbe Coppock:	4.44

MA7:	104.23
MA20:	106.01
MA50:	99.03
MA100:	108.64
MAexp7:	103.60
MAexp20:	104.32
MAexp50:	103.42
MAexp100:	105.08
Price / MA7:	-1.71%
Price / MA20:	-3.36%
Price / MA50:	+3.45%
Price / MA100:	-5.70%
Price / MAexp7:	-1.11%
Price / MAexp20:	-1.79%
Price / MAexp50:	-0.94%
Price / MAexp100:	-2.50%

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.

About author

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