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 10/28/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 47.99 USD
My targets
49.68 USD (+3.44%)
57.45 USD (+19.61%)
My analysis
The bullish trend is currently very strong on MICRON TECHNOLOGY INC.. As long as the price remains above the support at 47.99 USD, you could try to benefit from the boom. The first bullish objective is located at 49.68 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 57.45 USD as an objective. Crossing it would then enable buyers to target 62.62 USD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2

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. rating is 48.03 USD. The price registered an increase of +1.98% on the session and was between 46.92 USD and 48.26 USD. This implies that the price is at +2.37% from its lowest and at -0.48% from its highest.

46.92
48.26
48.03

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

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of MICRON TECHNOLOGY INC. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Central Candlesticks

White morning star

Type : Bullish

Timeframe : Daily


Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 36.49 43.99 47.99 48.03 49.68 57.45 62.62
Change (%) -24.03% -8.41% -0.08% - +3.44% +19.61% +30.38%
Change -11.54 -4.04 -0.04 - +1.65 +9.42 +14.59
Level Major Major Intermediate - Major Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.4945.0346.0746.6147.6548.1949.23
Camarilla46.6746.8146.9647.1047.2547.3947.54
Woodie44.7345.1646.3146.7447.8948.3249.47
Fibonacci45.0345.6446.0146.6147.2247.5948.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard38.9641.0942.2844.4245.6147.7448.93
Camarilla42.5642.8643.1743.4743.7844.0844.38
Woodie38.4840.8541.8144.1845.1347.5048.46
Fibonacci41.0942.3643.1544.4245.6946.4747.74


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard31.0136.8039.8245.6148.6354.4257.44
Camarilla40.4341.2442.0442.8543.6644.4745.27
Woodie29.6436.1138.4544.9247.2653.7356.07
Fibonacci36.8040.1642.2445.6148.9751.0554.42

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 59.19
MACD (12,26,9): 0.0600
Directional Movement: 11.05
AROON (14): 78.57
DEMA (21): 45.38
Parabolic SAR (0,02-0,02-0,2): 43.31
Elder Ray (13): 2.06
Super Trend (3,10): 43.02
Zig ZAG (10): 48.03
VORTEX (21): 0.9400
Stochastique (14,3,5): 82.19
TEMA (21): 45.50
Williams %R (14): -4.16
Chande Momentum Oscillator (20): 5.16
Repulse (5,40,3): 4.8700
ROCnROLL: 1
TRIX (15,9): -0.1400
Courbe Coppock: 10.23
MA7: 45.52
MA20: 44.42
MA50: 46.03
MA100: 43.23
MAexp7: 46.00
MAexp20: 45.48
MAexp50: 45.23
MAexp100: 43.90
Price / MA7: +5.51%
Price / MA20: +8.13%
Price / MA50: +4.34%
Price / MA100: +11.10%
Price / MAexp7: +4.41%
Price / MAexp20: +5.61%
Price / MAexp50: +6.19%
Price / MAexp100: +9.41%

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

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