MICRON TECHNOLOGY INC.
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. - Daily - Technical analysis published on 07/03/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 37.83 USD
My targets
40.01 USD (+1.04%)
41.62 USD (+5.10%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on MICRON TECHNOLOGY INC.. This is a positive signal for buyers. As long as the price remains above 37.83 USD, a purchase could be considered. The first bullish objective is located at 40.01 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 41.62 USD as an objective. Crossing it would then enable buyers to target 43.99 USD. In the event of a return below 37.83 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The MICRON TECHNOLOGY INC. price is 39.60 USD. The price registered a decrease of -1.27% on the session and was traded between 39.03 USD and 40.03 USD over the period. The price is currently at +1.46% from its lowest and -1.07% from its highest.

39.03
40.03
39.60

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

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:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this MICRON TECHNOLOGY INC. chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily



In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Near resistance of triangle

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 34.92 36.49 37.83 39.60 40.01 41.62 43.99
Change (%) -11.82% -7.85% -4.47% - +1.04% +5.10% +11.09%
Change -4.68 -3.11 -1.77 - +0.41 +2.02 +4.39
Level Major Major Intermediate - Minor Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.3638.5539.3340.5241.3042.4943.27
Camarilla39.5739.7539.9340.1140.2940.4740.65
Woodie37.1538.4539.1240.4241.1042.3943.06
Fibonacci38.5539.3039.7740.5241.2741.7442.49


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard27.5430.0834.3336.8741.1243.6647.91
Camarilla36.7237.3537.9738.5939.2139.8340.46
Woodie28.4130.5135.1937.3041.9944.0948.78
Fibonacci30.0832.6734.2736.8739.4641.0643.66

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): 65.66
MACD (12,26,9): 0.7300
Directional Movement: 22.89
AROON (14): 71.43
DEMA (21): 36.31
Parabolic SAR (0,02-0,02-0,2): 34.28
Elder Ray (13): 3.12
Super Trend (3,10): 35.34
Zig ZAG (10): 39.60
VORTEX (21): 1.0300
Stochastique (14,3,5): 83.36
TEMA (21): 38.01
Williams %R (14): -22.05
Chande Momentum Oscillator (20): 6.94
Repulse (5,40,3): -1.9300
ROCnROLL: 1
TRIX (15,9): -0.1200
Courbe Coppock: 22.14
MA7: 37.04
MA20: 34.85
MA50: 36.79
MA100: 38.98
MAexp7: 37.70
MAexp20: 35.88
MAexp50: 36.53
MAexp100: 37.76
Price / MA7: +6.91%
Price / MA20: +13.63%
Price / MA50: +7.64%
Price / MA100: +1.59%
Price / MAexp7: +5.04%
Price / MAexp20: +10.37%
Price / MAexp50: +8.40%
Price / MAexp100: +4.87%

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

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