Micron ... MU trade ideas Pt.3Dont take too kindly to the levels themselves...just notice the line bunching and realise those are from trends that go back from 1990's/early 2000 to recently, a few months ago...
MTE trade ideas
Micron...MU ideas on levels pt 2Nothing crazy here...just some ideas on levels...kinda done quickly...but worth a few seconds...
Micron MU trading ideas pt. 1Nothing crazy here...just some ideas on levels...kinda done quickly...but worth a few seconds...
Micron technology - MU - Long idea - dont miss itDear traders,
#MU is forming a bullish flag, buying now is a good option as price has already corrected up to an interesting level (100$). Today is the quaterly earnings and it is actually expected to beat the expectactions.
I would recomend a fist target around 150 dollars and then cut half of position an look for other opportunities, such us #ADBE
Best,
MU Breakout Coming or Another RejectionNASDAQ:MU This is looking like it could go with earnings. If there is some good news MU could break through this Golden Zone and head back to ATH. If we get another Rejection at the bottom of that Zone. We could be heading back down. Either way chart looks good for a play.
MU MU is following pattern like AVGO, if earnings will be good and it follows same pattern. we may see 130+
Micron Technology - This Stock Will Double Soon!Micron Technology ( NASDAQ:MU ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
After we saw a test of the resistance trendline on Micron Technology a couple of months ago, it was quite likely that we will eventually retest the previous all time high. This structure is now acting as massive support and together with the rising trendline, we will see a bullish rejection.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Micron (MU) is Heating Up! Breakout at $114.52 and Soar UP Key Levels to Watch:
Breakout Level: $114.52
Retracement Target: $122
Major Resistance Levels:
First Target: $140
Final Target: $170
What to Expect:
If MU can break and close above $114.52, we could see a retracement to $122, creating a solid base for the next leg up. Once it clears $140, the path to $170 becomes much clearer. This level will be critical for the bulls, and if it’s breached, MU could be in for an exciting run!
Kris/ Mindbloome Exchange
Trade What You See
Swig trade on MicronMicron looks to be setting up for a nice swing trade. The chart also shows a double bottom and price potentially goes back to 106 lvl. This is one of the few semi stocks that has great fundamentals but has not really given stock gains. Hence a good pick. A good swing trade but also a good long term hold. In summary this is an undervalued stock and from technicals perspective setting up for a bounce.
MU is ready for a quick bounce here.Support and Resistance:
The stock has recently tested and held a strong support level, suggesting buyers are stepping in at this critical zone.
Initial resistance lies ahead, which could act as a short-term target if the bounce gains momentum.
Trend and Moving Averages:
Although the broader trend has been neutral to slightly bearish, recent price action suggests the potential for a reversal.
Moving averages are starting to converge, with shorter-term averages flattening out, signaling reduced downward pressure.
Volume:
Volume spikes near support indicate accumulation, with buyers showing renewed interest at current levels.
Indicators:
RSI has bounced from oversold territory and is trending upward, confirming a potential shift in momentum.
MACD is showing signs of a bullish crossover, further indicating a possible move higher in the near term.
Reversal and Bounce Setup:
The stock’s ability to hold support and form higher intraday lows suggests it is positioned for a bounce. A break above resistance could trigger further upside and validate the recovery.
mu 1dso as you can see mu is trading in a range where support and resistance is well defined a break in either direction should clarify the trend
MicronIf bull market is going to continue, semiconductors are going to contribute and rise from these support levels.
Micron Reports Earnings Next Week. What Do Its Charts Say?High-end chip designer Micron Technology NASDAQ:MU will report earnings next Wednesday (Dec. 18), with analysts looking for about 84% in year-over-year revenue growth -- representing what would be the third straight quarter of 80%+ annual sales gains. Let’s see what MU’s fundamental and technical analysis say heading into the report.
Micron’s Fundamental Analysis
MU management has previously guided its fiscal Q1 results to $1.74 in adjusted earnings per share on $8.7 billion of revenue.
However, analysts’ consensus view as I write this is calling for Micron to do even better -- $1.77 in non-GAAP EPS on $8.7 billion in revenues. That would compare nicely to the $0.95 per share non-GAAP loss that the firm saw on $4.73 billion of revenues in the same period last year.
Of the 22 sell-side analysts that I found who track Micron, 12 have increased their fiscal Q1 earnings estimates recently, while 10 have cut them.
But as noted above, analysts’ consensus estimate looks for the company to continue its recent string of 80%+ year-over-year revenue gains. Clearly, the buildout of large language models and other AI-related needs has ramped up the need for Micron’s memory chips.
Micron has certainly been an operating-cash-flow beast, but has also spent plenty of that incoming money on new equipment.
On one hand, the firm generated $3.4 billion of operating cash flow during its fiscal Q4 ended Aug. 29, along with $8.5 billion for the trailing 12 months that concluded at that time.
However, capital expenditures (“capex”) during fiscal Q4 totaled $3.1 billion, as well as $8.4 billion in the 12 months ended Aug. 29. So, free cash flow was positive, but not by all that comfortable a margin.
Looking at the balance sheet, MU had an $8.1 billion cash position as of Aug. 29, along with $8.9 billion in inventories and $24.4 billion in total current assets.
Current liabilities added up to $9.3 billion, which included $106 million in shorter-term debt and $766 million of unearned revenue.
That left the firm's current and quick ratios at 2.64 and 1.68, respectively. That's quite strong by Wall Street norms, especially for an inventory-intensive business.
Total assets amounted to $69.4 billion, which included just the smallest amount of goodwill and other intangibles.
Meanwhile, total liabilities less equity came in at $24.3 billion. That included $11.2 billion in long-term debt – a level that doesn’t look like the end of the world, but that Micron will probably need to manage over time.
Still, MU’s balance sheet appears healthy overall by industry norms.
Technically Speaking ...
Now let’s look at Micron’s chart going back to April 2022:
Readers will see that the stock rallied more than 200% from its $48.45 September 2022 intraday low to its $157.54 June 2024 intraday high.
MU then pulled back between July and September of this year, but found support at close to the 61.8% Fibonacci retracement level of the entire 2022-2024 rally. That set up the range that the stock has been trading in ever since.
Now let’s zoom in and look at Micron’s chart from just April 2024 to December 2024:
In this time frame, readers will see that MU has been trading within a series of lower highs and higher lows -- creating what’s called a “pennant” formation (denoted by the purple lines above).
Micron’s pennant appears to be closing as earnings approach, which could be significant. Historically, violent market reactions often ensue when a stock’s pennant or triangle pattern closes.
MU isn’t far from breaking below the pennant’s lower trendline. Should that happen, there will be nothing technical standing between that trendline and Micron’s August/September double-bottom lows.
Also note that Micron is trading below its 21-day Exponential Moving Average (or “EMA,” marked with a green line), its 50-day Simple Moving Average (or “SMA,” denoted with a blue line) and its 200-day SMA (the red line). This sets up a series of obstacles that could serve as resistance.
That said, taking and holding these levels could bring the swing crowd on board, while also forcing portfolio managers to increase long-side exposure.
Meanwhile, readers will see a largely neutral reading for Micron’s Relative Strength Index, as denoted by the gray line at the chart’s top.
Similarly, MU’s Moving Average Convergence Divergence indicator (or “MACD,” marked with gold and black lines and blue bars at the chart’s bottom) tells us very little.
All three components -- the histogram of the 9-day EMA (blue bars), the 12-day Exponential Moving average (or “EMA,” marked with a black line) and the 26-day EMA (gold line) are running together. They’re also all close to zero, which is historically a neutral sign.
(Moomoo Markets Commentator Stephen “Sarge” Guilfoyle had no position in MU at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU before the previous earnings:
Now analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $4.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MU LIVE PRICE ACTION DEC 10 2024Welcome to price action analysis of MU. It has dipped 4 %today and alot of people are worried. If you know your levels then you should not be worried.
I have clearly discussed the entries , SLs & targets. If you have any doubts then feel free to leave a comment
MU: break and jump!MU: break and jump!
-ABCD pattern.
-Inversed HnS pattern.
-Key level support.
-Less vol at the bottom.
.
See more plans at US STOCKS- WALL STREET DREAM
$MU uptrend tapping older highs as new lows?Thinking about starting a small position on NASDAQ:MU $100c for Jan. 2025 for a scalp into earnings call Dec. 18th. Bear vs. Bull flow seems mixed but I see, in my opinion, enough actionable call option flow to take this trade on top of a good looking technical layout. The chart shows me uptrend and bouncing off it's double tops from previous years at $95. Can be utilized as a new clear support. Looks like it's creating a symmetrical triangle off the highs of $145 in June 2024 which currently puts the stock at almost a 37% retrace from that time.
Micron Technology ($MU): Strategic Buy with AI-Driven UpsideMicron Technology ( NASDAQ:MU ): Strategic Buy with AI-Driven Upside
Trade Setup:
- **Buy Price:** $98.66
- **Stop-Loss:** $84.68
- **Take-Profit:** $160 to $180
**Rationale:**
Micron Technology, a leader in memory and storage solutions, is poised to benefit from the growing demand in artificial intelligence (AI) applications. The company's advancements in high-bandwidth memory (HBM) position it favourably within the semiconductor industry.
**Financial Performance:**
In fiscal Q4 2024, Micron reported revenue of $7.75 billion, a significant increase from $4.01 billion in the same period last year. The GAAP net income was $887 million, or $0.79 per diluted share, marking a substantial turnaround from the previous year's loss.
**Analyst Insights:**
Analysts have set a 12-month average price target of $146.28, with estimates ranging from $90 to $250, indicating a potential upside of approximately 48% from the current price.
**Risk Management:**
The stop-loss at $84.68 helps mitigate downside risk, while the take-profit range of $160 to $180 offers a favorable risk-reward ratio.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
MU going for goldAt the third double bottom teasing 114.17 breakout to gap fill, it would be nice to see continuation here and what happens at 107.94 (monthly pivot). This one started with a breakaway gap September 25th and has recently filled the runaway gap, but the bullish trend is still intact from the current double bottom. I'm looking for 01/17/25 105c here, with a stop-loss at 99.05 (monthly pivot).
$MU: OUTLOOK NASDAQ:MU : OUTLOOK
Buying NASDAQ:MU tomorrow at market open for a long-term position 📈
Holding for about a year!
👉 LIKE & FOLLOW for more updates!
Micron stock dips 38 percent, is it time to buy?Micron Technology (MU) stock reached a 52-week high of $157.54 on June 18, 2024. As of November 27, 2024, it trades at $97.35, marking a decline of approximately 38.2% from its peak. This decline may present an opportunity for investors to "buy the dip," especially as the stock remains within a long-term upward trend. Current support levels are identified in the $85 to $96 range, where the stock has previously surpassed historical peaks, suggesting potential resilience in this zone.
Micron Technology's growth potential is driven by increasing demand for DRAM and NAND memory across sectors like AI, data centers, and 5G smartphones, with projected annual growth rates exceeding 30% in some areas. Automotive advancements, including electric and autonomous vehicles, and the expansion of IoT applications further fuel the need for high-capacity, low-latency memory. Micron’s leadership in cutting-edge memory technologies, investments in R&D, and strategic positioning in high-growth markets like cloud computing and AI solidify its potential. Additionally, the rising memory content in devices and the global shift toward digital transformation bolster its prospect.
