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 12/13/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

44%

17%

39%

My opinion

Neutral between 100.04 USD and 104.52 USD

My targets

My analysis

The short-term increase on MICRON TECHNOLOGY INC. remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 104.52 USD. The first support is located at 100.04 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 101.08 USD. On the day, this instrument gained +2.89% and was between 99.67 USD and 103.20 USD. This implies that the price is at +1.41% from its lowest and at -2.05% from its highest.

99.67

103.20

101.08

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

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 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 1H of this MICRON TECHNOLOGY INC. chart shows a slightly bearish trend. 50.00% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	95.60	97.27	100.04	101.08	104.52	106.40	113.41
Change (%)	-5.42%	-3.77%	-1.03%	-	+3.40%	+5.26%	+12.20%
Change	-5.48	-3.81	-1.04	-	+3.44	+5.32	+12.33
Level	Major	Minor	Minor	-	Major	Intermediate	Intermediate

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	92.45	95.11	96.67	99.33	100.89	103.55	105.11
Camarilla	97.08	97.47	97.85	98.24	98.63	99.01	99.40
Woodie	91.91	94.84	96.13	99.06	100.35	103.28	104.57
Fibonacci	95.11	96.72	97.72	99.33	100.94	101.94	103.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.00	94.26	97.72	100.98	104.44	107.70	111.16
Camarilla	99.32	99.94	100.55	101.17	101.79	102.40	103.02
Woodie	91.09	94.31	97.81	101.03	104.53	107.75	111.25
Fibonacci	94.26	96.83	98.42	100.98	103.55	105.14	107.70

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	51.70
MACD (12,26,9):	-0.2300
Directional Movement:	13.11
AROON (14):	28.57
DEMA (21):	99.83
Parabolic SAR (0,02-0,02-0,2):	97.98
Elder Ray (13):	0.54
Super Trend (3,10):	96.85
Zig ZAG (10):	100.59
VORTEX (21):	0.9800
Stochastique (14,3,5):	61.35
TEMA (21):	99.69
Williams %R (14):	-52.48
Chande Momentum Oscillator (20):	-1.02
Repulse (5,40,3):	-1.5200
ROCnROLL:	-1
TRIX (15,9):	-0.0600
Courbe Coppock:	0.91

MA7:	100.51
MA20:	100.17
MA50:	103.63
MA100:	100.27
MAexp7:	100.05
MAexp20:	100.20
MAexp50:	100.57
MAexp100:	100.85
Price / MA7:	+0.57%
Price / MA20:	+0.91%
Price / MA50:	-2.46%
Price / MA100:	+0.81%
Price / MAexp7:	+1.03%
Price / MAexp20:	+0.88%
Price / MAexp50:	+0.51%
Price / MAexp100:	+0.23%

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

Londinia AI

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