MICRON TECHNOLOGY INC. - 1H - Technical analysis published on 07/26/2022 (GMT)
- 216
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 62.33 USD
My targets
59.64 USD (-0.78%)
57.33 USD (-4.62%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on MICRON TECHNOLOGY INC. as long as the price remains well below 62.33 USD. The next bearish objective for sellers is set at 59.64 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 57.33 USD. In case of crossing, the next objective would be the support located at 53.28 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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 60.11 USD. The price registered a decrease of -0.07% on the session and was traded between 59.92 USD and 60.44 USD over the period. The price is currently at +0.32% from its lowest and -0.55% from its highest.59.92
60.44
60.11
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICRON TECHNOLOGY INC. chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.28 | 57.33 | 59.64 | 60.11 | 62.33 | 63.65 | 66.08 |
| Change (%) | -11.36% | -4.62% | -0.78% | - | +3.69% | +5.89% | +9.93% |
| Change | -6.83 | -2.78 | -0.47 | - | +2.22 | +3.54 | +5.97 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | 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 | 57.16 | 58.43 | 59.29 | 60.56 | 61.42 | 62.69 | 63.55 |
| Camarilla | 59.56 | 59.76 | 59.96 | 60.15 | 60.35 | 60.54 | 60.74 |
| Woodie | 56.96 | 58.33 | 59.09 | 60.46 | 61.22 | 62.59 | 63.35 |
| Fibonacci | 58.43 | 59.24 | 59.75 | 60.56 | 61.37 | 61.88 | 62.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.19 | 58.16 | 59.73 | 61.70 | 63.27 | 65.24 | 66.81 |
| Camarilla | 60.32 | 60.64 | 60.97 | 61.29 | 61.62 | 61.94 | 62.26 |
| Woodie | 55.98 | 58.06 | 59.52 | 61.60 | 63.06 | 65.14 | 66.60 |
| Fibonacci | 58.16 | 59.52 | 60.35 | 61.70 | 63.06 | 63.89 | 65.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.58 | 39.54 | 47.35 | 61.31 | 69.12 | 83.08 | 90.89 |
| Camarilla | 49.18 | 51.18 | 53.17 | 55.17 | 57.17 | 59.16 | 61.16 |
| Woodie | 22.52 | 38.00 | 44.29 | 59.77 | 66.06 | 81.54 | 87.83 |
| Fibonacci | 39.54 | 47.85 | 52.99 | 61.31 | 69.62 | 74.76 | 83.08 |
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): | 39.90 | |
| MACD (12,26,9): | -0.5000 | |
| Directional Movement: | -7.96 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 60.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.48 | |
| Elder Ray (13): | -0.89 | |
| Super Trend (3,10): | 62.17 | |
| Zig ZAG (10): | 60.15 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 9.32 | |
| TEMA (21): | 59.96 | |
| Williams %R (14): | -86.02 | |
| Chande Momentum Oscillator (20): | -2.68 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 7.74 |
| MA7: | 61.82 | |
| MA20: | 59.04 | |
| MA50: | 63.30 | |
| MA100: | 68.85 | |
| MAexp7: | 60.42 | |
| MAexp20: | 61.17 | |
| MAexp50: | 61.12 | |
| MAexp100: | 60.49 | |
| Price / MA7: | -2.77% | |
| Price / MA20: | +1.81% | |
| Price / MA50: | -5.04% | |
| Price / MA100: | -12.69% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -1.73% | |
| Price / MAexp50: | -1.65% | |
| Price / MAexp100: | -0.63% |
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:
- Micron to Select Athinia™ for Pioneering Data Collaboration
- Thinking about trading options or stock in Micron Technology, Citigroup, Monster Beverage, Dollar General, or Costco?
- Micron to Select Athinia™ for Pioneering Data Collaboration
- Thinking about buying stock in Ford Motor, Grab Holdings, Evofem Biosciences, Clovis Oncology, or Micron Technology?
- Thinking about trading options or stock in Tesla, Salesforce, Block, Costco, or Micron Technology?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis MICRON TECHNOLOGY INC. - 1H