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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

MU: This could reverse the trend! (D&W charts)Daily Chart (Left): Double Bottom Formation: The price has formed a double bottom pattern near the $85 level, which often signifies a potential reversal point. This suggests that there might be bullish pressure accumulating at this support zone. Gap: There is a clear gap in the price action from July, which could potentially act as resistance. Gaps often get filled, meaning that price might gravitate towards the gap zone in the mid-term. Resistance Area: The price is approaching a critical resistance area around $91.47, which aligns with the 21-day EMA. This level needs to be cleared for any significant bullish momentum to continue. 21-day EMA: The stock has been trading below the 21-day EMA, and this has acted as a dynamic resistance. A clear break above this level could signal a stronger bullish move. Weekly Chart (Right): Hammer Pattern: On the weekly chart, a hammer pattern has formed at the $84.91 level, which is a bullish reversal candlestick pattern, often seen at the bottom of a downtrend. This suggests the possibility of a bounce from this level, reinforcing the significance of the support zone. Key Resistance Zones: The $91.47 level is also important on the weekly chart, as breaking above it would confirm the bullish reversal indicated by the hammer pattern. The next target would be the $111 level, where the price encountered resistance earlier. Conclusion: In the short term, $91.47 is the key resistance area to watch. A successful breakout above this level could lead to a bullish move towards the $111 level. However, failure to break above this resistance may result in consolidation or a potential retest of the $85 support level. The hammer pattern on the weekly chart adds weight to a possible bullish reversal, but confirmation is needed with a move above $91.47. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:MU
by Nathan_The_Finance_Hydra
2
MU: Micron Inc death crossThe purpose is to analyze DEATH CROSS impact on MU day chart. It is remarkable that this time a death cross print is almost simultaneously by both 50&200 EMA and 50&200 SMA with a lag of just one day. As a rule, I look for a death cross whichever moving average pair print it earlier, as the other pair would be typically too late to the show (it can be 'either or' depending on magnitude of most recent price actions for EMA pair). This time both pairs print it simultaneously and I would argue that this time both are REMARKABLY late! As a matter of proof, I analyzed RELATIVE slope of MU bear markets that with a death cross, versus percentage the price had yet to retreat since the death cross print day until bottomed. There were approximately few of them (scroll back the chart to certain periods indicated below). November’14 – February’16 ~65% May’18 – December’18 ~32% April’21 – October’21 ~12% January’22 – September’22 ~30% And current June’24 – September’24 ??? On the right hand side of the chart, relative slopes of each bear market trendline are given. Looking at a relative steepness and rapidness of the June – September decline comparing to past periods, I would consider that this time both pairs of moving averages are lagging way behind and the death cross is too late to the show to indicate any extra percentage of price decline. i.e. the stock has bottomed and is already in upswing.
NASDAQ:MULong
by mike_volk
Double Bottom Is Forming on MicronMicron is in an interesting position after shedding a great amount of value in the last 3 months. The Fundamentals are great and Microns Balance Sheet has very few problems! with the double bottom forming this could be signaling a very bullish sentiment with a possible reversal towards the upside. Micron is currently being forecasted with Revenue and EPS Growth. ---------------------------------------------------------------------------------------------------------------- Balance Sheet: Micron has a decent Debt to Equity Ratio while having more then 3 Assets for every 1 Liability which is personally important to me when looking at stocks, Debt is Manageable especially should Micron beat all forcasts Cash: US$8.38b Debt: US$11.33b Total Liability: US$22.03b Total Assets: US$66.26b Debt to Equity Ratio is: 25.6% ---------------------------------------------------------------------------------------------------------------- Resumed its Share Buy-Back Program ---------------------------------------------------------------------------------------------------------------- Highly Important Industry Supplier and Affiliates: Being Extremely Important with Industry Titans like Nvidia, Apple, Intel, MPS/Monolithic Power Systems, AMD, Texas Instruments, Microsoft, Gigabyte, Broadcom. ---------------------------------------------------------------------------------------------------------------- Diversified Business Model: Micron is not just a memory business its highly Diversified in 23.46% of there Revenue is derived from Microns -> "Mobile Business Unit" 23.4% of there Revenue is derived from microns -> "Embedded Business Unit" 36.74% of there Revenue is derived from Microns -> "Networking and Business Unit" 16.43% of there Revenue is derived from Microns -> "Storage Unit Business" ---------------------------------------------------------------------------------------------------------------- While Micron is in another uptrend in Revenue growth I think personally this time it could be more permanent growth, Micron is Extremely Undervalued compared to market peers such as Nvidia, and Micron with PE Ratios being well above 50 while Micron is extremely important within the Artificial Intelligence industry it benefits from a wide range of industries such as Artificial intelligence, Automotive, Computers, Memory, ETC. ---------------------------------------------------------------------------------------------------------------- Disclaimer: I am not a financial expert or have any certifications I just trade stocks as a personal hobby and I greatly encourage you to do your own research and not just take words at face value to make extremely risky investments. Please do your own Research I am not giving Buy, Sell or Hold Signals, This is just for healthy conversation and nothing else. ---------------------------------------------------------------------------------------------------------------- Idea:
NASDAQ:MULong
by BullishCanadianInvestor
9
I'm betting for a double-bottom formation from $MUAreas of AI outside of HBM continue to be strong, but there are important caveats to consider. In contrast to HBM where bits and pricing are committed through next calendar year eSSD and 128GB RDIMMs are likley to see narrowing margins from here given higher levels of competition in the second half. For high capacity memory modules SK Hynix had a monopoly for most of last year, but as Micron and Samsung have entered the market with non TSV based solutions MS Research Analysts expect the price premium to shrink materially from here even as volumes continue to rise. Something MS Research Analysts are hearing about now from our recent checks. Despite the underhyped nature of high capacity RDIMM demand Micron's guidance is that those products will contribute a similar "several hundred million" of revenue this FY, so that does matter when thinking about MUs overall AI exposure. In NAND weakness in consumer and mobile markets should be pushing more bits towards datacenter applications, at the same time WDC plans to have a more material presence in the DC market in the second half where they have traditionally had well below their overall market share. MS Research Analysts expect all the AI products to continue to be margin accretive for some time, but in some areas that degree does seem likely to become smaller by year end.
NASDAQ:MU
by KhanhC.Hoang
1
Micron Technology Inc: massive growth and massive retreatMicron holds a track record of an extremely volatile stock (Beta 2.7) in a history of past 30 years. Having analyzed all the instances when the stock had massive growth followed with similar retreat, there have been few of them (no matter what were macro/ micro causes): 1995 it saw a 12 fold, 2000 – 10 fold, 2014 – 7 fold, 2018 – 7 fold, by early ’22 – 3.5 and finally by mid’24 – 3,25 GROWTH *Zoom in the attached monthly chat too see actual price swings and length of impulse, corrective waves. Remember, I used those impulse waves resulting in RSI to be extremely overbought (i.e. red bars on RSI chart If in 90s/ early 2000s it retreated fibo .9, .9, 1.04 - in other words it practically gave up all the massive gains after RSI was in overbought, Then last 10 years the stock held more relative strength, less volatility and retreats were: in ’14 - .87; ’18 - .67; 22 - .7 & mid ’24 - .67 It indicates, that the recent June – August retracement of .67 is generally in line with the latest decade cases (the length of the last upward wave was 109 and a correction wave to August low was 73. Out of the local low, if the history doesn’t fail us, I would consider a 3-fold growth is possible. 85 to 255 on a horizon of the next two years or so. GLTAL!
NASDAQ:MULong
by mike_volk
MU: This is a decisive moment! |1H & D charts|1-Hour Chart (Left Side) On the 1-hour chart, the price formed a strong uptrend followed by a consolidation pattern, identified as a flag. This pattern typically indicates a continuation of the previous trend, meaning that a breakout above the flag's resistance could lead to further gains. However, the price is currently testing the lower boundary of the flag, which is aligned with the 21-period EMA. If the price breaks below this level, it may invalidate the bullish flag, leading to potential downside pressure. Daily Chart (Right Side) On the daily chart, the price is approaching resistance around $127.24, which aligns with an open gap. The gap closure often acts as a resistance level, and the price action around this area could determine the next move. If MU's price loses the lower support of its flag pattern seen on the 1h chart, its price could seek its next Fibonacci's Retracements, which are now our next support levels. Only a clear bullish reaction, breaking (and closing) above the 109.47 would trigger tthis bullish flag upwards, starting a new bullish rally to its gap. For now, MU's price looks weak. Key Levels to Watch Resistance: $109.47 is the immediate resistance, with a potential breakout indicating further upside. Support: The $104.77 level. Summary MU is at a crossroads where the resolution of the flag pattern on the 1-hour chart will likely dictate the next significant move on the daily chart. A breakout could lead to continued upward momentum, while a failure might result in a retracement towards lower support levels. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:MU
by Nathan_The_Finance_Hydra
MU: This is a Critical Support Level (GAP) | (D / W Charts).The MU chart analysis from both daily and weekly perspectives reveals significant technical dynamics affecting the stock's price trajectory. Daily Chart Analysis: The daily chart showcases a completed head and shoulders pattern, a classic bearish reversal indicator. The neckline of this pattern was decisively broken, and subsequent price action continued downward, confirming the bearish outlook suggested by this formation. We did warn about this pattern in our previous public analysis, here on TradingView, and the link to it is below this post, as usual. This bearish trend was further validated by the price falling below the 21-day exponential moving average (EMA) and finding a resistance there, reinforcing the strength of the downtrend. Recent trading sessions depict attempts at stabilization, with the stock managing to close a prior gap, signaling some buying interest at these lower levels. However, the sustainability of this support is yet to be confirmed as the price seeks a new equilibrium. Weekly Chart Analysis: On the weekly timeframe, the broader view into MU's price action shows a consistent downward movement post the head and shoulders pattern visible on the daily chart. The significant drop beneath the 21-week EMA underscores a strong bearish momentum. Moreover, the gap at 86.82 is visible in this time frame as well, and it is acting as a mid-term support level for MU, which dropped significantly in the past few weeks. The proximity to gap support around $86.82 will be critical to watch, as a sustained break below could accelerate further declines towards lower support levels. On the other hand, if we see a confirmed bottom in this area, the timing would be perfect for a bounce. Overall Outlook: Both charts align to paint a bearish picture in the short to medium term, driven by key technical patterns and breaks below essential moving averages. The closing of gap on both charts suggests that the market is attempting to stabilize around a support level. For now, we should monitor these developments closely, as the ability of the stock to hold above recent lows or breach them could dictate the next major movement direction for Micron's shares.
NASDAQ:MU
by Nathan_The_Finance_Hydra