Get started

MU

MU Somewhat BearishMU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. At the time of this writing, MU was trading at $51.83. Levels from above will provide resistance, including: 51.98 from volume profile over the past 14 periods 52.09 from volume profile over the past 14 periods 52.36 from gaps 52.80 from gaps 53.21 from gaps 54.17 from gaps 54.58 from gaps 54.83 from gaps 55.48 from gaps 55.64 from gaps We will find support from levels from below including: 51.80 from volume profile over the past 14 periods 51.51 from volume profile over the past 14 periods 51.33 from volume profile over the past 14 periods 51.17 from gaps 51.03 from gaps 50.82 from gaps 50.68 from volume profile over the past 14 periods 50.39 from volume profile over the past 14 periods 50.25 from volume profile over the past 14 periods 50.01 from gaps Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.
NASDAQ:MUShort
by quantguy
2
[MU] Please CritiquePlease point out the wrongs with this analysis. Arguments of an unforeseeable event are going straight into the trash if they aren't substantiated by anything, like for instance change in sentiment. Argument 1: Past couple of runs have started with touching the support as highlighted in the image above. Argument 2: Past couple of runs have, roughly speaking, started in-between earnings. Argument 3: The stock has had a tendency to make a run, touch the resistance, reverse, retrace(in the reversal) and then run again. Assuming that the behaviour will continue, we should expect the start of a run right now. Note that there is relatively high volume around the 63.42 resistance which would make it a good exit point, Argument 4: MACD is converging which might signal the beginning of a run. With that being said the MACD's last signal was false as it was a retracement. Argument 5+6: The stochastic oscillator is indicating the beginning of a run. The light blue blocky line is the RSI and has bottomed seems to have bottomed considering historical reversals that indicate the bottom to be around 35-40%. Again, critique encouraged. Cheers!
NASDAQ:MULong
by hurryupwithmydamncroissants
9
MU time for a correction (mid term-weekly basis)After an intense rally $MU, on a weekly basis, shows signs of weakness quite clear. RSI actually is flagging up a crude divergence, macd is already in bearish mode and the solid trendline which has supprted the trend so far is almost violated. Volumes are low especially last week where the price touched the mid term trendline (another sign that investors are not so conviced to buy more shares: this latter is confirmed by vortex indicator too).Hence, next week will be crucial, for those who love short positions, it might be a temptive occasion. A first TP is placed at 44,35 dollars, than 38 and a strong support at 36,02 dollars
NASDAQ:MU
by TRADOMICS_
2
A New Cycle Appears to be forming for MicronI have drawn in a nice simple envelope to show the general direction of the stock price for micron (MU). It's not perfect, but it will do. As you can plainly see this is the beginning of a new trend upwards. The price for Micron in September will be over $65 a share, provided they are not acquired before we get there! Who would like to buy Micron? Someone with money. Apple, Intel, AMD, Seagate or China (I'm not sure about this one!). Why would they like to buy Micron? Cheap stock, excellent company. This would be an inexpensive purchase, someone could buy the company, then take away Microns cash, and pay themselves back. Micron would cost little or nothing!
NASDAQ:MULong
by sumark94
2
MU - How about them waffers?Just like the DJI im so annoyed about hearing how the price went down because of XYZ, when you then look at the chart and go.. "hmm.. it looked like it was going to do that anyway." Believe in insider trading and that the market is smarter than you. If you believe this, you believe in the charts. Charts do not lie, they are only misunderstood. Ok, so anyway Im just putting charts of all 100 things i follow. I know there are many good micron charts, so I'd recommend looking at those too. These lines were all here before the trend touched them after the drop from 63.53 in march. Not after. What this means is that the movement is not so much predictable to the t, but it is easy to follow and gauge where the good areas are. We are not testing the .618 after failing to pass into new highs and hold the .75 What I now want to see is the price hold here now that it has found resistance on the 50 day MA. My initial though for a buy point was the green line (53.83 and 52,81) with 50% buys on each. As it is now, If my money was in MU, I would sell out and wait to see. Im starting to feel that the next two buy spots seem to be 51.62 and 50.17 for the next bullish run upwards towards at least 57.00. But based on how much people froth at the mouth over micron, I think from 50.17-50.67 well see a bull repeat of what we saw last month. Oh yeah i forgot to look at things like the earnings report (I just looked at it while writing this). It is kind of funny how i've looked at stocks for about a month and it took me 2 days to figure out that its more often than not, its good to sell around earnings reports, even when the report is good. Take care yall -KTown
NASDAQ:MU
by TrendLINEBoys
5
Micron Brief ($MU) For a brief overview and risk see: drive.google.com Micron has been a solid value play for the majority of the 2017 tech run and I think it's worth looking at the current standing and valuation as of current, should you choose to stay long tech into 2019. Micron had a $2.5 EPS just 90 days ago with a PE of just over 8. MU reported FQ4 guidance Rev/EPS @ 8.2bn / $3.30 substantially higher than expected nearing 8bn / $3.1. As expected, MU outperformed AMD with DRAM up 6%, "Hyperscale" applications up ~30% q/q and seems to be able to meed the N AND expectations of 45% y/y. After looking at the current standing, I do feel like the is still room for MU to grow, at least into FQ2/FY19. Trading at 4.78x PE and 5.0x EV/FCF, the valuation isn't as overheated as the rest of the major tech plays - and is actually very appealing. Q3 is to turn MU net cash positive and there is to be a ~1bn buyback in September. I also feel like CapEx and operational, investments are being implemented fruitfully with 'incremental cleanroom space' in Hiroshima, Japan, which will be available for production at the beginning of calendar year 2019 For FY2018, with expected capital expenditures to be in the upper end of previously guided range of $7.5 billion, plus or minus 5 percent. -DRAM outlook is still looking good with 19% in DRAM shipments. -64L Bit crossover completed one Q ahead of schedule. i.magaimg.net However, its important to consider the cyclical nature of semiconductors: The DRAM and NAND Flash business is cyclical in nature with each cycle comprising of four phases: - Increased demand, high profitability: Market is in under-supply with strong pricing and hence, high profitability. Profits are spent on capacity addition, with increase in supply after a period of 8-12 months. - Oversupply and losses: Market is marked by oversupply and falling ASPs. Focus is on driving cost efficiencies. - Continued oversupply, losses run deeper: Demand is pushed a little higher due to price elasticity. ASPs continue to fall and approach cash cost levels. CapEx is delayed and fabrication units are run at lower capacity. - Supply correction, return to profitability: Reduced supply leads to correction and demand sufficiency. ASPs see correction or possible rebound while costs continue to decline. CapEx spending starts again. The market was in the continued oversupply and losses phase till 2012, but entered the correction and profitability phase in 2013. The market is now in the supply correction phase, and the demand is both DRAM and NAND Flash is expected to outpace supply in the near future Quoted SOTP valuation metrics put MU at $64 - 70 and street expectations near $80 with higher interval ranges nearing $90. I am staying long the stock but expectations remain low due to the possibility of the Chinese "market access liberalisation" policy, tariffs on Semi's and concerns regarding the flash/chips pricing structure and whether the major players have been inflating prices. Tim Arcuri's comments are worth considering with a discount, however the probability of a large scale correction in memory is rather low, especially in the short run. "chip memory is replacing disk in both clients and servers, and it has become cost-efficient for cloud." I do think the street is correct on this one, however I would be pleasantly surprised if MU reached Stiful's Analyst's Targets at @ $106. I may post a model later.
NASDAQ:MU
by UnknownUnicorn2421992
3