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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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Technical Analysis for $MU (Micron Technology Inc.)Technical Analysis for NASDAQ:MU (Micron Technology Inc.) Weekly Chart Analysis: - The weekly chart indicates a strong bullish trend, resembling a "bullet train," with prices consistently above the five exponential moving average (EMA). - Bullish momentum appears to be continuing, with the price hovering near a key support level at 106. Daily Chart Analysis: - On the daily timeframe, we observe a significant support level near 106, reinforcing its importance. Four-Hour Chart Analysis: - Entry opportunities may come up on the four-hour timeframe, especially within the buying zone ranging from 80 to 111. Conclusion: - NASDAQ:MU exhibits a strong bullish trend on the weekly chart, supported by price action above the EMA.. - Entry opportunities can be explored within the buying zone of 80 to 111, with confirmation signals awaited on the four-hour timeframe. Thoughts? Leave your comments below!
NASDAQ:MULong
by ImmaculateTony
Micron Pulls BackMicron Technology jumped on AI enthusiasm last month and now it’s pulled back. The first pattern on today’s chart is the bullish gap on March 21 after earnings and revenue beat estimates. MU dipped to $107.05 the following session before continuing higher, but has now pulled back to hold that level. Has support been confirmed? Second, you have the sequence of simple moving averages (SMAs). The 50-day SMA is above the 100-day SMA, which is above the 200-day SMA. That may reflect a bullish long-term trend. Third, stochastics have dipped into oversold territory. Prices are also near the bottom of the Keltner Channel. Those patterns may suggest that it’s had a healthy pullback. Finally, MU’s bullish inside candle on Monday could indicate its short-term downtrend is nearing an end. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MU
by TradeStation
2
Micron Technology - 100% in 6 months!Hello Traders and Investors, today I will take a look at Micron Technology. -------- Explanation of my video analysis: Back in 2018 we saw a beautiful break and retest on Micron Technology which indicated even more continuation towards the upside. For over 5 years Micron Technology has also been trading in a quite nice rising channel formation and is now approaching the upper resistance trendline. I do expect a pullback and a retest of the previous all time highs and then just more continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:MU
by basictradingtv
7
Micron Release Quad-Port SSD For Next-Gen Intelligent VehiclesMicron Technology, Inc., ( NASDAQ:MU ) a global leader in memory and storage solutions, has unveiled a groundbreaking advancement in storage technology with the introduction of the automotive-grade Micron 4150AT SSD. This quad-port SSD promises to reshape the landscape of intelligent vehicles, offering unparalleled performance and efficiency for AI applications at the remote edge. As Micron prepares to navigate market shifts, including price hikes and evolving competition, its innovative strides position the company as a key player in the semiconductor industry. Revolutionizing Intelligent Vehicle Storage: The Micron 4150AT SSD represents a significant leap forward in intelligent vehicle technology. As the world's first quad-port SSD, it streamlines storage infrastructure by connecting with up to four systems on chips (SoCs), centralizing storage and optimizing performance for AI applications. With enterprise-class speeds and multi-port capability, this SSD enables efficient data management across multiple systems, essential for tasks ranging from advanced driver assistance systems (ADAS) to in-vehicle infotainment (IVI). Addressing Market Demand for AI and Autonomous Safety Technologies: Michael Basca, Micron's vice president of Embedded Products and Systems, underscores the necessity of a new storage paradigm to meet the escalating demands of AI and autonomous safety technologies. The Micron 4150AT SSD emerges as a solution tailored to these requirements, offering enhanced performance, power efficiency, and security crucial for the advancement of intelligent vehicles. Navigating Market Dynamics: In response to market dynamics, Micron ( NASDAQ:MU ) has announced plans to increase the prices of its DRAM and SSD products by over 25% in the second quarter. This strategic move aligns with anticipated market corrections and underscores Micron's commitment to maintaining profitability amidst evolving industry landscapes. Analysts predict stable pricing for SSDs in most end markets, highlighting Micron's resilience and strategic positioning. Dominance in Semiconductor Industry: Analysts have lauded Micron ( NASDAQ:MU ) for its advancements in high-bandwidth memory (HBM) technology, positioning the company as a formidable force in the semiconductor industry. With superior thermal and power efficiency compared to competitors, Micron's HBM3E is poised for significant market penetration, potentially surpassing $1 billion in revenue by 2024. Micron's stock performance, gaining over 93% in the past 12 months, reflects investor confidence in its innovative capabilities and market leadership. Conclusion: Micron's introduction of the 4150AT SSD marks a pivotal moment in the evolution of intelligent vehicle technology. As the company navigates market shifts and positions itself as a dominant player in the semiconductor industry, its commitment to innovation and strategic foresight will continue to drive growth and shape the future of automotive technology. With the Micron 4150AT SSD leading the charge, intelligent vehicles are poised to achieve new levels of performance, efficiency, and safety in the era of AI-driven mobility. Technical Outlook Micron Technology ( NASDAQ:MU ) is trading above the 200, 100, and 50-day Moving Averages (MA) respectively with a strong Relative Strength Index (RSI) of 66 indicating a strong buying momentum from investors.
NASDAQ:MULong
by DEXWireNews
Micron Technology's ($MU) Shares Reached New HighsMicron Technology's ( NASDAQ:MU ) shares have reached a new high after Bank of America raised its price target for the stock. The report from Bank of America stated that Micron is poised to gain from the artificial intelligence (AI) boom, as the company's high-bandwidth memory (HBM) is crucial for AI technology. Bank of America has named Micron, Marvell Technology, and Advanced Micro Devices as "junior samurAI" companies that are likely to gain from the AI boom, following the firm's "top picks," Nvidia and Broadcom. Bank of America has increased its price objective for Micron from $120 to $144 per share and reiterated a "buy" rating, as the company's potential to expand its HBM market share behind its Korean peers presents an opportunity for growth. The report also noted that the "junior samurAI" companies trade at a valuation premium to their respective leaders, which could result in greater stock volatility but also create profitable niches. Micron's shares ( NASDAQ:MU ) were up by almost 7% to $125.74 at 11 a.m. ET Monday, after earlier hitting an all-time high of $127.38. The stock has gained 53% year-to-date, with a Relative Strength Index (RSI) of 81.71 indicating an overbought situation or continuation of the current trend. Nvidia, a leader in the AI race, has already established itself as a major player in the field, with the companies within its AI ecosystem experiencing gains amid surging AI demand. Overall, Bank of America predicts that the accelerator market will increase to $200bn over the next three years, which could create opportunities among the second-tier vendors. Despite the volatile nature of the market, Micron's position in the HBM market, combined with the growth prospects of the AI industry, make it an attractive investment opportunity.
NASDAQ:MULong
by DEXWireNews
MU breaks through ATHs Bullrun does not relent LONGMU on the monthly chart 4 weeks ago crossed above the previous ATHs of 2021-2022 and has risen without retesting. Adding $9 to the all time highs for 10% inflation since then would adjust them to $104 and price is now in that range and above. Price is in the uppermost anchored VWAP bands and thus prone to reversal. However, MU is not as overextended as NVDA. Its upside is likely there as it competes in the space. Growth will accelerate once the new chip plant in upstate NY comes online after the construction is completed. NVDA is reportedly looking at Vietnam. I already have a large sized position in MU. I will add to it now even if it may be overbought. There is good cause for the overbuying. I want to support the domestic economy and understand national security interests in chip manufacturing here in the USA consistent with the recent federal law and stimulus associated with it.
NASDAQ:MULong
by AwesomeAvani
10
MU - Obvious Short Term ShortThe thought process is simple, it opened ridiculously high and only fell, while being entirely out of the previous range. This is the beginning of a very likely short term pullback that may last as little as 20 minutes tomorrow morning. But these often Provide multiple waves to ride down through the day. And the pattern is there on daily charts too which is a plus even though these I usually trade intraday it is a swing technique too. Usual entry: opens gapping down with red showing. Otherwise these are pretty easy to catch as long as you enter away from the 20 MA (any timeframe; ref daily chart) Usual exits: 20 MA (cross/near), 50 MA, 200 MA, exponential or simple any timeframe. The smaller MA is reached more often than the others, though the others can be significantly more profitable. Those who like to short, understand why you can short these. Buy the dip? Well sell the peak too while your at it.
NASDAQ:MUShort
by pto1026
4
Micron's Meteoric Rise: AI Server Demand Propels to New HeightsMicron Technology Inc. ( NASDAQ:MU ) stands tall as a prime beneficiary. The recent surge in Micron's stock price, following an impressive earnings report and optimistic guidance, underscores the pivotal role the company plays in powering AI-driven innovations. With CEO Sanjay Mehrotra at the helm, Micron's strategic vision and robust performance position it as a leader in the semiconductor industry's AI revolution. Unveiling the Numbers: Micron's fiscal second-quarter earnings report exceeded all expectations, sending its stock soaring by a remarkable 18% in after-hours trading. The Boise-based company reported adjusted earnings of 42 cents per share, a significant leap from the previous year's loss of $1.91 per share. Revenue surged to $5.82 billion, up from $3.69 billion a year earlier, far surpassing analysts' estimates. AI's Ascendancy: What sets Micron ( NASDAQ:MU ) apart in this era of technological advancement is its pivotal role in catering to the burgeoning demand for AI-powered applications. CEO Sanjay Mehrotra's astute observation regarding AI server demand tightening supply dynamics sheds light on Micron's strategic positioning. The company's robust performance in the memory and storage chip markets, fueled by AI-driven demand, has led to substantial price increases, further bolstering its revenue and profitability projections for fiscal 2025. Charting New Heights: A closer look at Micron's ( NASDAQ:MU ) stock chart reveals a compelling narrative of growth and consolidation. Breaking out from a 16-month ascending channel in late February, Micron's stock price surged to an all-time high. Despite a brief period of consolidation preceding the earnings release, the stock's post-earnings breakout signals a bullish trend. Notably, the emergence of a double top pattern around $98 suggests a potential future price support level, highlighting investor confidence in Micron's long-term prospects. Future Prospects: As Micron ( NASDAQ:MU ) continues to ride the wave of AI-driven demand, investors remain optimistic about its future trajectory. With a projected current-quarter midpoint adjusted earnings of 45 cents per share and revenue forecasted at $6.6 billion, Micron ( NASDAQ:MU ) is poised for sustained growth. CEO Sanjay Mehrotra's strategic vision, coupled with Micron's technological prowess, positions the company as a frontrunner in shaping the future of AI-driven innovation.
NASDAQ:MULong
by DEXWireNews
Citigroup Forecasts 60% Upside in Micron Shares - Idea 19/03/24Analysts at Citigroup have raised the target price of semiconductor manufacturer Micron Technology Inc.'s shares to USD 150 from USD 95, suggesting a 64% increase. The bank believes that the company's shares should trade at a premium relative to average market prices, considering the growing influence of artificial intelligence. The issuer is a supplier of high-bandwidth memory (HBM) chips, where AI technologies are applied. Many models of NVIDIA graphics cards utilise HBM memory. Moreover, Micron Technology's business is sufficiently diversified. The firm manufactures DRAM and NAND memory chips, flash memory, and SSD drives. Micron is among the top 5 largest producers of DRAM and NAND, which gives confidence in their sustainable development and serves as a basis for investment analysts to forecast optimistically. Let's consider the situation on the Micron Technology Inc. (MU) stock chart from a technical analysis perspective. On the D1 timeframe, a support level was established at 90.30, and resistance emerged at 97.50. A slight correction within an upward trend is observed. The quotes' consolidation at the 97.50 mark can be considered the basis for the trend's continuation. On the H1 timeframe, long positions might be interesting when rebounding from the 90.30 level with a short-term target at 101.89. In the medium term, a long position can be held up to 116.23. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:MU
by RoboMarkets
Micron Technology: 2x Minimum Potential Regarding Micron Technology, we believe we are dealing with an overarching Wave (3). This wave should reach at least the 161.8% extension level at $158. We've seen the Wave (2) low buy at $1.36, indicating significant parabolic momentum has been built up. Since that low, there's been an increase of over 5000%, which is staggeringly high. However, as rapid and high as a rise can be, the correction downwards is often just as intense. This is both clear and increasingly likely. Examining this chart, we believe that in Wave (3), the subordinate Wave 1 has now been fully developed. We believe this due to the structure leaving little room for other possibilities. We might climb a bit further for Wave ((v)), but we also anticipate a potential downward trend or a development of Wave 2. This should lie between 50% and 78.6%, where we identify two crucial support zones. One is the subordinate Wave ((iv)) around 50%, and another is a support zone just over 78.6%. These zones are ones we place significant trust in. We've approached the old high four times at $97.71. We doubt we'll surpass this. If we do, we'll need to take a closer look at where Wave ((v)), Wave 1, and then Wave 2 precisely are. Nonetheless, we anticipate a three-wave movement downwards, as expected for the completion of Wave 2, at a minimum of 50%.
NASDAQ:MULong
by stromm_by_wmc
Micron Technology ($MU) Strike Partnership with NvidiaMicron Technology ( NASDAQ:MU ) emerges as a pivotal player, strategically positioning itself to capitalize on the accelerating demand for artificial intelligence (AI) infrastructure. Embarking on a promising trajectory, Micron's ( NASDAQ:MU ) recent collaboration with Nvidia ( NASDAQ:NVDA ) heralds a new chapter in its journey, propelling the company towards unprecedented growth and market dominance. Harnessing the Power of AI: As AI permeates diverse sectors, from autonomous vehicles to healthcare, the demand for robust computing solutions intensifies. Micron's ( NASDAQ:MU ) foresight in recognizing AI's pivotal role in shaping the future prompts strategic investments, particularly in its high-bandwidth-memory (HBM) chips. The integration of Micron's cutting-edge technology into Nvidia's latest H200 semiconductors amplifies performance, heralding a paradigm shift in AI infrastructure. Strategic Collaboration with Nvidia: The symbiotic partnership between Micron ( NASDAQ:MU ) and Nvidia underscores a shared vision of pioneering advancements in AI computing. Nvidia's unveiling of the H200 chip, boasting doubled inference performance over its predecessor, signifies a quantum leap in AI processing capabilities. Micron's ( NASDAQ:MU ) pivotal role in supplying HBM chips for the H200 not only underscores its technological prowess but also signifies a lucrative revenue stream, with projections hinting at generating "several hundred millions of dollars" in fiscal 2024. Positioned for Growth: Micron's ( NASDAQ:MU ) bullish stance on AI augurs well for its financial outlook, with projections indicating robust revenue growth amidst escalating demand for AI-related technologies. Despite an anticipated loss per share in the upcoming second-quarter earnings, Micron ( NASDAQ:MU ) remains buoyant, with revenues forecasted around $5.3 billion. CEO Sanjay Mehrotra's optimistic outlook underscores the company's confidence in navigating the burgeoning AI landscape, poised for sustained growth and market expansion. Driving Innovation, Redefining Possibilities: Micron's ( NASDAQ:MU ) innovative strides not only amplify AI performance but also address critical concerns such as power consumption, aligning with the industry's sustainability agenda. By enhancing memory bandwidth and capacity, Micron ( NASDAQ:MU ) empowers AI developers to unlock new frontiers of innovation, transcending conventional boundaries. As the International Energy Agency highlights the exponential growth of data centers, Micron's technological breakthroughs emerge as a catalyst, fueling the AI revolution and shaping the digital landscape of tomorrow.
NASDAQ:MULong
by DEXWireNews
MICRON MARK UPAs my previous analysis of micron in terms of big picture now i am focusing on the mark up phase, in which i am using the upsloping trading range as proposed by ProF Roman According to David H Weiss (Trade About To Happen), Upthrust (UA) in an upslopping/uptrending, is a precursor to a short term /temporary of downtrend i initiated trade based on assumption that current price action in phase C, to be specific, Schematic type 2 (Accumulation) entry, cut loss, and TP as mentioned pure Wyckoff
NASDAQ:MULong
by drsyariz
Micron Has Pulled BackMicron Technology has pulled back after hitting its highest level in almost two years, and some traders may see an opportunity. The first pattern on today’s chart is the price area around $85, MU’s approximate high in the first half of January. It also represents a 50 percent retracement of the move so far in 2024. Second, the memory-chip maker is trying to hold its 21-day exponential moving average. That may reflect short-term bullishness. Third is the rally on December 21 after earnings, revenue and guidance surprised to the upside. MU has barely moved since the gap higher, which could appeal to buyers who didn’t want to chase before Christmas. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MU
by TradeStation