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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU earnings missMicron Technology (MU) reported Q1 November 2022 earnings loss of -$0.04 per share on revenue of $4.1 billion. The consensus estimate was a loss of -$0.01 per share on revenue of $4.2 billion. Revenue fell 46.9% compared to the same quarter a year ago. The company said it expects a second quarter loss of -$0.72 to -$0.52 per share on revenue of $3.6 billion to $4 billion. Here's MU levels on the 4hr ext chart: SMA20 Triangular Trend Channel: top = $56.53 R3 = $55.24 R2 = $53.96 R1 = $52.67 pivot = $51.39 S1 = $50.10 S2 = $48.82 S3 = $47.53 bottom = $46.25 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NASDAQ:MU
by Options360
Micron Announces Layoffs for 2023; Sales Could Dive 50%Semiconductor company Micron Technology (MU) just announced it will cut 10% of its workforce in 2023 as it braces for revenue to drop more than 50%. Micron's revenue is not the only thing at risk of dropping next year though -- its stock price could be starting what may ultimately end up being a years-long descent. The above yearly chart (also reproduced below) shows that Micron's price was rejected at a major resistance level. The Stochastic RSI shows that yearly momentum is beginning to roll over from overextended levels. This is quite bearish looking. The combination of Micron's price being rejected from a major resistance level and momentum rolling over on the yearly chart could signify that Micron is entering a period of prolonged decline. This trend, however, is not unique to Micron. In one of my prior posts, I explain that the entire S&P 500 is at risk of further decline. (See below post for more details) Yet, not all hope is lost. On the quarterly timeframe, Micron's price is potentially forming bullish reversal candles at the mean of its regression channel. For those who are unfamiliar with a regression channel, it simply indicates how far above or below the mean (or average) price an asset's current price is trading. In the regression channel above, the red line is the mean price, the upper channel line is 2 standard deviations above the mean, and the lower channel line is 2 standard deviations below the mean. Unlike trendlines, price can rise above or fall below the regression channel lines and not invalidate them. If Micron's price can find support and reverse at the mean, perhaps the long-term upward trend will continue. Of note, Micron's price is also generally quite correlated with that of Bitcoin, as shown below. What might Micron's nosediving revenue prediction mean for Bitcoin?
NASDAQ:MU
by SpyMasterTrades
8
Buy MicronToday micron trade around P/B ~1x, if look back for over 10 years, P/B 1x is the Lowest Price for Micron Why P/B ? - because of Micron is a cyclical business their product(DRAM, NAND) price are sensitive to demand and supply a lot of CAPEX have to put in business and its show up in PP&E so Book Value of company is real Business Micron is in an oligopoly market with other 2 major competitors namely Samsung and SK Hynix Micron have market share around 25% for a long time and I think its gonna hold like this Demand for DRAM and NAND is still growing because every electronic device need memory, Phone, laptops, Data center, Autonomous car even AR/VR that Meta building. So... now is a good opportunity to buy good company in 50% discount. *A lot of super investors is buying as well*
NASDAQ:MULong
by LenHoon
1
technical analysis of MUplan on micron I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
NASDAQ:MU
by Composed_Trader
How Long Can Micron’s Bounce Last?Micron Technology bounced along with the rest of the market over the last week. But now it may be showing signs of continuing lower. The main pattern on today’s chart is the falling trendline along the highs of August and September. While MU has fought above this resistance, trendline breakouts have generally not worked in the current bearish market. Fundamentals are also a challenge as memory-chip demand weakens. Next you have a grouping of candlesticks: a spinning top on Tuesday, an outside day on Wednesday and an inside day on Thursday. Those could mark a top for the recent bounce. Third, stochastics have reached an overbought condition. Finally, the longer-term chart shows little evidence of a bottom. MU’s next likely support zones on the weekly timeframe could be the August 2020 low around $42.25 or the longer-term base around $34: TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information 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. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. 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. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. 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 digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:MU
by TradeStation
MU: Reacting at a SUPPORT LEVEL!• MU is reacting this week, but the trend is still bearish; • MU is doing lower highs/lows, and in theory, it is seeking the next support at $46.23 (red line); • Could MU bounce from here? Yes, and this week is doing a bullish reaction, but it must close above the $51.30 again in order to recover to the $58 - $60 area again; • By closing above $51.30, MU will trigger a false breakout from a previous support level. Along with the recent increase on the volume, this might be what it takes for MU to recover; • MU is a promising stock, but for now, it must do better signs in order to become attractive again. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:MU
by Nathan_The_Finance_Hydra
Falling wedge on the weeklyThere is an emerging "Falling Wedge" pattern on the weekly chart. Several additional signs suggest that a reversal is coming. While the price is at lower lows, the MACD indicator shows higher lows. This phenomenon is called regular divergence, and it is bullish. Another bullish sign is that the RSI is oversold on the daily chart and almost oversold on the weekly chart. Lastly, MU outperformed the overall market in the last few trading sessions. Support: 49.66, 46.52 Resistance: 52.99, 53.98, 58.37
NASDAQ:MULong
by benedekdomotor
Micron Technology re-testing breakout level?Micron Technology Short Term We look to Sell at 66.59 (stop at 70.43) Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish. Choppy price action seen. Selling spikes offers good risk/reward. Our profit targets will be 52.19 and 41.09 Resistance: 66.00 / 75.00 / 96.45 Support: 51.50 / 46.00 / 30.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:MUShort
by Saxo
MU - Resistance test Comment : 1) TrendX+ indicator - candlestick still wandering below trend line, mid-term downtrend 2) DDX+ indicator - although fund candlestick has breakout trend cross and now has supporting, however it is still under zero-axis, take cautious trading at this point 3) MCDX+ indicator - Weak, banker bar has very little while retailers bar (turquoise) has more than 50% 4) Micron currently having a technical rebound after a brutal fall since Feb'2022, It will be facing a resistance test at neckline very soon. Be ready to go south:- > If the stock doesn't breakout > If the stock false breakout on neckline A Support & Resistance : R : Neckline A Remark : - Length of ab=cd DISCLAIMER : Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
NASDAQ:MUShort
by TheWinningDay