MICRON TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MU
ISIN:

MICRON TECHNOLOGY INC. - 1H - Technical analysis published on 03/25/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 113.44 USD

My targets

127.40 USD (+6.86%)

141.31 USD (+18.53%)

My analysis

The bullish trend is currently very strong on MICRON TECHNOLOGY INC.. As long as the price remains above the support at 113.44 USD, you could try to benefit from the boom. The first bullish objective is located at 127.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 141.31 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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

MICRON TECHNOLOGY INC. rating 119.22 USD. On the day, this instrument gained +8.18% with the lowest point at 110.16 USD and the highest point at 121.41 USD. The deviation from the price is +8.22% for the low point and -1.80% for the high point.

110.16

121.41

119.22

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

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of MICRON TECHNOLOGY INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	98.98	101.85	113.44	119.22
Change (%)	-16.98%	-14.57%	-4.85%	-
Change	-20.24	-17.37	-5.78	-
Level	Intermediate	Minor	Intermediate	-

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	103.44	105.24	107.73	109.53	112.02	113.82	116.31
Camarilla	109.03	109.42	109.82	110.21	110.60	111.00	111.39
Woodie	103.78	105.41	108.07	109.70	112.36	113.99	116.65
Fibonacci	105.24	106.88	107.90	109.53	111.17	112.19	113.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.81	82.40	96.31	104.90	118.81	127.40	141.31
Camarilla	104.02	106.09	108.15	110.21	112.27	114.34	116.40
Woodie	76.46	83.73	98.96	106.23	121.46	128.73	143.96
Fibonacci	82.40	91.00	96.31	104.90	113.50	118.81	127.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.66	73.90	82.26	87.50	95.86	101.10	109.46
Camarilla	86.87	88.12	89.36	90.61	91.86	93.10	94.35
Woodie	70.21	74.68	83.81	88.28	97.41	101.88	111.01
Fibonacci	73.90	79.10	82.31	87.50	92.70	95.91	101.10

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):	79.44
MACD (12,26,9):	5.0800
Directional Movement:	42.36
AROON (14):	57.14
DEMA (21):	117.46
Parabolic SAR (0,02-0,02-0,2):	106.55
Elder Ray (13):	5.15
Super Trend (3,10):	112.00
Zig ZAG (10):	119.47
VORTEX (21):	1.2000
Stochastique (14,3,5):	83.07
TEMA (21):	119.53
Williams %R (14):	-15.39
Chande Momentum Oscillator (20):	9.28
Repulse (5,40,3):	2.3200
ROCnROLL:	1
TRIX (15,9):	0.6600
Courbe Coppock:	14.39

MA7:	102.34
MA20:	97.20
MA50:	90.05
MA100:	84.13
MAexp7:	116.36
MAexp20:	110.97
MAexp50:	104.16
MAexp100:	99.55
Price / MA7:	+16.49%
Price / MA20:	+22.65%
Price / MA50:	+32.39%
Price / MA100:	+41.71%
Price / MAexp7:	+2.46%
Price / MAexp20:	+7.43%
Price / MAexp50:	+14.46%
Price / MAexp100:	+19.76%

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.

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