MICRON TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	MU
ISIN:

MICRON TECHNOLOGY INC. - Daily - Technical analysis published on 12/03/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 106.55 USD

My targets

95.60 USD (-5.37%)

86.27 USD (-14.61%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MICRON TECHNOLOGY INC. as long as the price remains well below 106.55 USD. The sellers' bearish objective is set at 95.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 86.27 USD. In case of crossing, the next objective would be the support located at 61.33 USD.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.9

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 101.03 USD. On the day, this instrument gained +2.52% with the lowest point at 100.08 USD and the highest point at 103.68 USD. The deviation from the price is +0.95% for the low point and -2.56% for the high point.

100.08

103.68

101.03

Here is a more detailed summary of the historical variations registered by MICRON TECHNOLOGY INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MICRON TECHNOLOGY INC. chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.33	86.27	95.60	101.03	106.55	113.41	127.74
Change (%)	-39.30%	-14.61%	-5.37%	-	+5.46%	+12.25%	+26.44%
Change	-39.70	-14.76	-5.43	-	+5.52	+12.38	+26.71
Level	Major	Major	Major	-	Intermediate	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.80	96.16	97.36	98.72	99.92	101.28	102.48
Camarilla	97.85	98.08	98.32	98.55	98.79	99.02	99.25
Woodie	94.71	96.12	97.27	98.68	99.83	101.24	102.39
Fibonacci	96.16	97.14	97.75	98.72	99.70	100.31	101.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.60	89.85	93.90	100.15	104.20	110.45	114.50
Camarilla	95.12	96.06	97.01	97.95	98.89	99.84	100.78
Woodie	82.50	89.30	92.80	99.60	103.10	109.90	113.40
Fibonacci	89.85	93.79	96.22	100.15	104.09	106.52	110.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.12	83.82	90.89	102.59	109.66	121.36	128.43
Camarilla	92.79	94.51	96.23	97.95	99.67	101.39	103.11
Woodie	69.80	82.66	88.57	101.43	107.34	120.20	126.11
Fibonacci	83.82	90.99	95.42	102.59	109.76	114.19	121.36

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):	48.69
MACD (12,26,9):	-1.1900
Directional Movement:	1.77
AROON (14):	35.72
DEMA (21):	100.16
Parabolic SAR (0,02-0,02-0,2):	103.99
Elder Ray (13):	1.05
Super Trend (3,10):	108.03
Zig ZAG (10):	101.36
VORTEX (21):	0.9100
Stochastique (14,3,5):	32.16
TEMA (21):	98.86
Williams %R (14):	-47.56
Chande Momentum Oscillator (20):	2.04
Repulse (5,40,3):	-0.9200
ROCnROLL:	-1
TRIX (15,9):	-0.1500
Courbe Coppock:	9.52

MA7:	100.67
MA20:	102.60
MA50:	103.75
MA100:	101.69
MAexp7:	100.11
MAexp20:	101.53
MAexp50:	102.56
MAexp100:	104.00
Price / MA7:	+0.36%
Price / MA20:	-1.53%
Price / MA50:	-2.62%
Price / MA100:	-0.65%
Price / MAexp7:	+0.92%
Price / MAexp20:	-0.49%
Price / MAexp50:	-1.49%
Price / MAexp100:	-2.86%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on MICRON TECHNOLOGY INC. at the time of the generation of this analysis was as follows:

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

About author

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