Micron’s stock closed at $96.93, reflecting a significant intraday gain of +5.03%. The technical outlook remains bullish, with consensus signals across key indicators:
Supertrend and Moving Averages reinforce a “Strong Buy” stance.
Oscillators align with bullish momentum:
RSI(14) at 71.36 (approaching overbought but supportive of upward momentum).
Momentum(10) at 20.05, Awesome Oscillator at +9.67, and CCI(20) at 205.30, all signaling sustained buying pressure.
Ultra MACD maintains a positive trajectory, contingent on continued momentum.
Fibonacci retracement identifies a critical support level at $89.00, serving as a base for upward revisions.
Fundamental Considerations
Financial Performance: Quarterly net income declined -15.35% YoY, though annual net income stands at $778M.
Balance Sheet: Net debt of $6.8B warrants monitoring, particularly in light of cyclical industry dynamics.
Market Sentiment: Fixed-range volume profile indicates diminishing participation, creating a divergence from rising price action.
Analyst Consensus & Valuation
Consensus rating: Buy (based on 28 analysts, per Refinitiv data).
12-month price target: $123.91, implying ~27.8% upside potential.
Risk-Reward Assessment
While technical indicators advocate for a long position, fundamental headwinds (e.g., margin compression, leverage) necessitate disciplined risk management. Key near-term catalysts include industry-wide DRAM/NAND pricing trends and execution on operational efficiency.
Supertrend and Moving Averages reinforce a “Strong Buy” stance.
Oscillators align with bullish momentum:
RSI(14) at 71.36 (approaching overbought but supportive of upward momentum).
Momentum(10) at 20.05, Awesome Oscillator at +9.67, and CCI(20) at 205.30, all signaling sustained buying pressure.
Ultra MACD maintains a positive trajectory, contingent on continued momentum.
Fibonacci retracement identifies a critical support level at $89.00, serving as a base for upward revisions.
Fundamental Considerations
Financial Performance: Quarterly net income declined -15.35% YoY, though annual net income stands at $778M.
Balance Sheet: Net debt of $6.8B warrants monitoring, particularly in light of cyclical industry dynamics.
Market Sentiment: Fixed-range volume profile indicates diminishing participation, creating a divergence from rising price action.
Analyst Consensus & Valuation
Consensus rating: Buy (based on 28 analysts, per Refinitiv data).
12-month price target: $123.91, implying ~27.8% upside potential.
Risk-Reward Assessment
While technical indicators advocate for a long position, fundamental headwinds (e.g., margin compression, leverage) necessitate disciplined risk management. Key near-term catalysts include industry-wide DRAM/NAND pricing trends and execution on operational efficiency.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hiç kaydolmayanlara 15 dolar indirim: tr.tradingview.com/pricing/?share_your_love=BorsaMerkezi
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.