Target price 49The Bearish pattern is sitting at the bottom of the second leg at 88. It will deep lower to 49 in the next several weeks at least by Jan 30Th 2025.
MTE trade ideas
Micron Technology - The perfect chart!NASDAQ:MU is one of these stocks, which just respects every level, cycle and structure.
If I would give each chart an individual rating, the chart of Micron Technology would be 10 out of 10. Micron Technology is actually respecting every structure level and providing textbook trading opportunities. If we get a retest of the previous all time high, which is now turned support and perfectly lining up with the support of the rising channel, I will certainly look for longs.
Levels to watch: $90
Keep your long term vision,
Philip - BasicTrading
71-78 area looks good for a reset and consolidate here 100This has been a good stock fundamentally, and catalyst is not often giving it the credit it deserves; I am closely monitoring a reversal, but oscillators are not sold on the idea of not curving as quickly, 4th time it has hit the support line could break this area into the 70s region before we find a solid area of buying pressure also volume is high between the gap that needs to fill from 90-103 this is our target area. Already oversold, continue to wait for confirmation. Do foresee the moving averages crossing over at some point.
Micron Technology (MU)- Dual Scenarios Emerging from Key LevelsMicron Technology Inc. (NASDAQ: MU) - Navigating Key Levels with Analyst Insights
Micron Technology (MU) is at a pivotal juncture, trading between significant support and resistance levels. While the technical chart suggests dual possibilities for the price movement, analyst projections and ratings further highlight the stock's potential for the coming year.
Chart Analysis: Key Levels to Watch
Support and Resistance:
The support trendline near $87 has proven to be a robust base for Micron.
On the other hand, the resistance zone at $115-$120 marks a key hurdle for any bullish breakout.
Potential Scenarios:
Bullish Case: A breakout above $120 could see the stock targeting $140 and $160, marking a continuation of its broader uptrend.
Bearish Case: Failure to hold the $85 support and the ascending trendline could lead to a retracement toward $70 or lower.
Analyst Insights: 1-Year Forecast
Average Price Target: $132.01 (a potential upside of +47.87% from current levels).
Maximum Estimate: $250 (a whopping +180.02% upside).
Minimum Estimate: $31.66 (a downside risk of -64.54%).
The analyst ratings further reinforce the bullish sentiment:
27 analysts recommend a Strong Buy.
9 analysts suggest a Buy.
Only 1 analyst lists it as a Strong Sell.
This positive outlook aligns with the bullish potential of a breakout above the $120 level.
Trading Plan Based on the Setup
Bullish Setup:
Entry: Above $120 with volume confirmation.
Targets: $114, $120, $140 and $160.
Stop-Loss: Below $85.
Bearish Setup:
Entry: Below $85.
Targets: $70 and $63.
Stop-Loss: Above $87
What’s your outlook for Micron? Will it surge past $120 or retreat toward $70? Share your thoughts below and let’s discuss! 📈🚀
⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
Undervalued MU Target: 129
Run: ATH
Trade compound: $85 - $76
Info;
Nestled in the heart of the semiconductor industry, Micron Technology Inc. has carved out a discerning path marked by innovation and resilience. Founded in 1978, Micron has methodically grown its footprint to become a leading producer of memory and storage solutions. It primarily manufactures DRAM, NAND, and NOR memory, vital components in a multitude of digital devices and data centers that fuel the modern economy. These components are essential for everything from personal computing and smartphones to the vast expanses of cloud infrastructure, making Micron an integral player in technological advancement. The company's steady march forward is buoyed by its deep investments in research and development, enabling it to stay at the forefront of industry trends and consumer demands.
The mechanics of Micron's business are predicated on its ability to efficiently produce and distribute these high-precision memory solutions across global markets. The company earns its revenue by providing these components to a diverse array of end markets, including automotive, mobile, and enterprise sectors. This diversity acts as a buffer against volatility in any single market segment, illustrating a strategy that echoes the prudent philosophies of economic moats and competitive advantages. Micron’s operational prowess is also characterized by its strategic partnerships and alliances, which bolster its supply chain and technological capabilities. As data becomes the new oil, Micron's role in supporting advanced computing applications, artificial intelligence, and increasingly data-centric industries places it on a promising trajectory in the digital age.
Micron Technology Inc. maintains several unique competitive advantages that distinguish it from its rivals in the semiconductor industry:
Intellectual Property and Technological Innovation: Micron is known for its strong portfolio of patents and consistent innovation in memory and storage solutions. They have a robust R&D program that allows them to frequently bring advanced technologies to market.
Vertical Integration: Micron benefits from vertical integration, allowing them to control various stages of production, from design to manufacturing. This integration helps optimize costs, enhance quality control, and ensure a steady supply of key components.
Product Portfolio Diversity: Micron offers a diverse range of products, including DRAM, NAND, and NOR memory technologies. This variety helps cater to different market needs and provides resilience against market fluctuations in specific product lines.
Advanced Manufacturing Facilities: Micron has state-of-the-art manufacturing facilities often coupled with strategic partnerships, which enable them to produce cutting-edge technology efficiently. This also facilitates rapid scaling of production to meet demand.
Strategic Partnerships and Collaborations: Through alliances with other technology companies and research institutions, Micron accelerates innovation and gains access to new technologies and markets. These collaborations can provide competitive access to emerging trends and pathways.
Strong Customer Relationships: With extensive experience and expertise, Micron has built strong relationships with leading technology firms across various sectors such as consumer electronics, automotive, data centers, and mobile devices. These partnerships provide stable revenue streams and insights into market needs.
Fundamentals:
The intrinsic value of one MU stock under the Base Case scenario is 129.52 USD. Compared to the current market price of 86.36 USD, Micron Technology Inc is Undervalued by 33%.
Wall Street Target: $133.61
Estimates Growth: 23% in 2025
Operating Income Forcase: From 1B to 12B in 2025
Net Income: 2025 estimated 10B
Solvency Score: 70/100
Current shareholder yield for MU is -1.02%.
During the last 12 months Micron Technology Inc insiders have not bought any shares, and sold 46m USD worth of shares. The last transaction was made on Dec 20, 2024 by Arnzen April S , who sold 416.7k USD worth of MU shares.
Technicals:
Weekly: Overall negative (short-term positive)
Daily: Strongly positive
4h: slightly positive
30min: Bullish
MU potential bounce off triple bottom.Semiconductors have been beaten down the last few months. MU is no exception. Look for a potential bounce off the triple bottom. Potential of 20% - 30% gain. Set tight S/L just below triple bottom. Keep a close eye next week 12/23 - 12/27.
Micron Technology ($MU): Breaking Resistance or Building Moment
"Undervalued tech stocks are like treasure maps—the trick is knowing where the 'X' marks the breakout. Let’s see where NASDAQ:MU might lead us."
Valuation Insight:
"Micron Technology ( NASDAQ:MU ) is trading at $87.50, with valuation metrics that scream potential:
P/E Ratio: 10.5—well below industry averages.
P/B Ratio: 1.7—value investors, take note.
EV/Revenue Ratio: 3.5—a discount on future growth."
Key Resistance Levels to Watch:
$97.18 – The First Test 🎯
"This level marks the first hurdle for $MU. A breakout above could indicate momentum building toward a bullish trend."
$118.54 – The Big Break ⚡
"Crossing this level would confirm renewed bullish sentiment. Look for strong volume as a signal for sustained movement."
$181.66 – The Bullish Peak 🏔️
"While distant, this historical high serves as a long-term target for investors betting on sustained industry growth."
Growth Catalysts:
AI and 5G Demand: DRAM and NAND memory are critical for emerging technologies.
Institutional Activity: Dark pool orders and market-on-close volume indicate increased interest from big players.
Risks to Watch:
Cyclical Nature: Overproduction or slowing demand could impact prices.
Macroeconomic Headwinds: Higher interest rates might dampen near-term spending in tech.
Conclusion:
" NASDAQ:MU is undervalued and approaching critical levels—$97.18, $118.54, and $181.66—that could define its path forward. Keep these zones on your radar and watch for volume to validate potential moves."
Micron Technology (MU): Is a Big Move Just Around the Corner?Good morning, trading family!
Micron’s price has been moving between $92.90 resistance and $84.26 support, and it looks like a big move could be coming soon. Will we see a breakout to higher levels, or a pullback to retest support?
This is one of those setups where being patient and watching how the price reacts at these levels can really pay off. Stay ready, and let’s tackle this opportunity together!
Comment, like, follow, or send me a DM if you want a deeper analysis or more insights!
Kris/Mindbloome Exchange
Trade What You See
MU give it to me.I will add below 90 any day. I am curious why there was such aggressive selling on MU even in a soft environment for semis.
Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
EARNINGS GAP UPTargets 108, 114. Very strong clear support and resistance here has been coiling at the 50 rsi daily level for a while in anticipation.
5-11% move minimum. 77% expected to beat I'm sure this will run up before Wednesday its to obvious of a setup then a strong AH move up followed by a potentially bloody Thursday ill take large profits before earnings release not taking the chance.
Weekly 50MA directly overhead.
Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
Micron Technology (MU) Stock Drops 16%Micron Technology (MU) Stock Drops 16%
On Wednesday, Micron Technology released its quarterly earnings report after the main trading session closed. The results aligned closely with analysts' expectations: earnings per share came in at $1.79, slightly above the forecast of $1.76, while revenue met projections at $8.71 billion.
Despite meeting estimates, the chipmaker issued a disappointing forecast for the next quarter, citing weak demand for personal computers (PCs) and smartphones. This overshadowed positive projections for the growth of the artificial intelligence (AI) chip market. Morningstar analyst William Kerwin warned of a potential "significant decline" in revenue from chips used in smartphones and PCs in 2025, driven by challenging market conditions.
As a result, Micron Technology's stock opened Thursday's session with a significant bearish gap and continued to slide throughout the day, closing 16% lower than Wednesday's closing price.
The chart of Micron Technology shares reveals bearish signals, as the price has broken below the support line of the long-term upward channel defined by key reversal points.
Currently, the stock is hovering around the $85.50 support level, which successfully halted the bearish momentum in August and September. However, with market sentiment dampened by Jerome Powell’s cautious comments about the pace of rate cuts in 2025, MU shares may face further downside. If this happens, the downward channel (highlighted in red) could become the dominant trend.
Analysts remain optimistic despite recent developments. According to TipRanks:
→ 23 out of 24 analysts recommend buying MU stock.
→ The average 12-month price target is $153.05.
That said, if the stock continues to deviate from the blue upward channel, analysts may adjust their price targets downwards to reflect the changing outlook.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Micron ... MU trade ideas Pt.3Dont take too kindly to the levels themselves...just notice the line bunching and realise those are from trends that go back from 1990's/early 2000 to recently, a few months ago...
Micron...MU ideas on levels pt 2Nothing crazy here...just some ideas on levels...kinda done quickly...but worth a few seconds...
Micron MU trading ideas pt. 1Nothing crazy here...just some ideas on levels...kinda done quickly...but worth a few seconds...
Micron technology - MU - Long idea - dont miss itDear traders,
#MU is forming a bullish flag, buying now is a good option as price has already corrected up to an interesting level (100$). 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
