10/27/204 - Sunday Night Analysis - MU - ShortBased on:
Technical Analysis
Fundamentals
Trend Analysis
CRT and FVG
Short MU temporarily.
Key facts today
Next report date
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Report period
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EPS estimate
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Revenue estimate
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0.70USD
778.00 MUSD
25.11 BUSD
1.10 B
About Micron Technology
Sector
Industry
CEO
Sanjay Mehrotra
Website
Headquarters
Boise
Founded
1978
FIGI
BBG00YB98BQ2
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.
MU buyingAfter confirming the breach of the previous channel, the next target is the ceiling of the new channel, which is level 145.
Difference between candles and barsHey traders and investors!
What is the difference between using candles or bars on a chart?
This example clearly shows the key difference. Take note of the closing price of the candle on September 26 (point 8 of the range). On a candlestick chart, this is impossible to understand. On a bar chart,
Inverse head and shouldersAn inverted head and shoulders is almost complete
Price can get a strong upside boost during next weeks
Opening (IRA): MU Nov 15th 95 Covered Call... for a 92.53 debit.
Comments: Post-earnings, IV remains somewhat decent here at 45.2%. Selling the -80 delta call against long stock to emulate the metrics of a 20 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 92.53/share
Max Profit: 2.47
RO
MU108.50 above trendline breakout possible
SL 10
111/112/113.50/116/119/123/127 TARGET
Gap fill possible
MU Chart looking very good !
If you don't have any position yet, wait for it to breakout of the red area and retest.
will update for entry! STAY TUNED
The importance of the length of the linear regression channelYou can see here that a linear regression channel that starts as early as September 2022 explains why Micron shares are now rising.
MU - Time to build long positionMU is pulling back on low volume to fill the earning gap.
Started a small long position, this has scope to go further down to fill the gap completely.
If so, Around 95-96 is the good entry
Long around - 95-96
Stop Loss - 90
Target 1 - 120
Target 2 - 130
Target 3 - 135-140
See all ideas
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Frequently Asked Questions
The current price of MU is 100.14 USD — it has decreased by −7.81% in the past 24 hours. Watch MICRON TECHNOLOGY INC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BVL exchange MICRON TECHNOLOGY INC stocks are traded under the ticker MU.
MU stock has fallen by −5.73% compared to the previous week, the month change is a 0.34% rise, over the last year MICRON TECHNOLOGY INC has showed a 51.50% increase.
We've gathered analysts' opinions on MICRON TECHNOLOGY INC future price: according to them, MU price has a max estimate of 250.00 USD and a min estimate of 70.00 USD. Watch MU chart and read a more detailed MICRON TECHNOLOGY INC stock forecast: see what analysts think of MICRON TECHNOLOGY INC and suggest that you do with its stocks.
MU stock is 9.17% volatile and has beta coefficient of 2.93. Track MICRON TECHNOLOGY INC stock price on the chart and check out the list of the most volatile stocks — is MICRON TECHNOLOGY INC there?
Today MICRON TECHNOLOGY INC has the market capitalization of 110.58 B, it has decreased by −2.59% over the last week.
Yes, you can track MICRON TECHNOLOGY INC financials in yearly and quarterly reports right on TradingView.
MICRON TECHNOLOGY INC is going to release the next earnings report on Dec 18, 2024. Keep track of upcoming events with our Earnings Calendar.
MU earnings for the last quarter are 1.18 USD per share, whereas the estimation was 1.11 USD resulting in a 6.07% surprise. The estimated earnings for the next quarter are 1.73 USD per share. See more details about MICRON TECHNOLOGY INC earnings.
MICRON TECHNOLOGY INC revenue for the last quarter amounts to 7.75 B USD, despite the estimated figure of 7.65 B USD. In the next quarter, revenue is expected to reach 8.66 B USD.
MU net income for the last quarter is 887.00 M USD, while the quarter before that showed 332.00 M USD of net income which accounts for 167.17% change. Track more MICRON TECHNOLOGY INC financial stats to get the full picture.
Yes, MU dividends are paid quarterly. The last dividend per share was 0.12 USD. As of today, Dividend Yield (TTM)% is 0.46%. Tracking MICRON TECHNOLOGY INC dividends might help you take more informed decisions.
As of Nov 5, 2024, the company has 48.00 K employees. See our rating of the largest employees — is MICRON TECHNOLOGY INC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MICRON TECHNOLOGY INC EBITDA is 8.83 B USD, and current EBITDA margin is 35.86%. See more stats in MICRON TECHNOLOGY INC financial statements.
Like other stocks, MU shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MICRON TECHNOLOGY INC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MICRON TECHNOLOGY INC technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MICRON TECHNOLOGY INC stock shows the buy signal. See more of MICRON TECHNOLOGY INC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.