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Micron Technology Inc (Extended Hours)Micron Technology Inc (Extended Hours)Micron Technology Inc (Extended Hours)

Micron Technology Inc (Extended Hours)

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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
Micron Technology - Patience and price action!NASDAQ:MU is literally creating so clear and repetitive market structure, this is textbook. Bullish break and retest, cycle and correction. Micron Technology has been repeating this price action for over a decade and is about to enter another correction phase. If you don't want to trade this anticipated correction, you can instead wait for another retest of previous resistance, bullish confirmation and a rejection. Following the cycles, a bullish move there is quite likely. Levels to watch: $140, $95 Keep your long term vision, Philip - BasicTrading
NASDAQ:MUShort
by basictradingtv
11
Micron Micro ManagementBig potential influence red zone lurking above (had this project designed before the two inflections at the red and stop at first pink rectangle. Looking forward to see if it continues to flirt with the red under it, or if it starts to weaken following the path of the rectangles. In other scenarios any of the rectangle zones waiting below in the future could also become support to trigger more bullish tones. Will provide comments in the future with price action updates or even added zones of interest. Not overly attracted to the grey scenario that propels the stock higher after exiting the red, but earnings report might spoil the whole setup with a jump and penetration of the red kind of cancelling the whole concept for the potential future.
NASDAQ:MU
by nen
MU: A Dangerous Bearish Reversal Structure! (D&W charts)The chart for MU displays a significant head and shoulders pattern on the daily timeframe, a classic technical formation that often precedes a reversal. The left shoulder formed in mid-May, followed by a peak to create the head in mid-June, and the right shoulder developed by early July. This pattern suggests a potential reversal in the prevailing uptrend. The neckline support, around 121.01, is a critical level to watch. A break below this level, as observed, typically confirms the completion of the head and shoulders pattern, indicating a possible shift in market sentiment. On the weekly chart, MU shows a broader perspective of its price movements, highlighting the importance of the 21-week EMA, which coincides with the neckline seen on the daily chart, making the $120 a double support area. However, the recent price action suggests a test of this support. If the price sustains below this level, it could signify a more extended correction or potential trend change. If MU misses this support level, then it could seek the next support, which is around 105.72. Therefore, if we were to see a bullish reaction, the timing is perfect. For now, there isn’t any bottom signal here. Overall, the interaction between these patterns and key support levels suggests that MU is at a pivotal point. The completion of the head and shoulders pattern on the daily chart aligns with the test of the 21-week EMA on the weekly chart, emphasizing the importance of these levels in determining the next phase of MU's price action. 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
7
Micron Pulls BackMicron Technology has rallied as AI fuels demand for high-bandwidth memory, and some traders may see opportunities in its latest pullback. The first pattern on today’s chart is the breakout to record highs on March 21 after results beat estimates. MU continued higher over the next three months before stalling and retracing half the rally. That could suggest its uptrend remains in effect. Second, the chip stock bounced on Tuesday after forming a hammer candlestick on Monday. That may suggest its recent pullback is ending. Third, the current price zone is near the highs from early April. Will old resistance become new support? Next, the most recent slide could be viewed as an A-B-C correction pattern. Fifth, MU is near its rising 50-day simple moving average. That may reflect a bullish intermediate-term trend. Finally, stochastics have reached an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MU
by TradeStation
1
MU: A Dangerous Inflection Point! (D&W charts).Daily Chart: On the daily chart, MU is trading within an ascending channel, a bullish indicator suggesting an uptrend continuation. The recent price action has tested the lower boundary of this channel, around 133.30, a critical support level that was a previous resistance, as evidenced by the red arrows – another example of the Principle of Polarity. The price rebounded from this support, highlighting its significance. A sustained move above this level could push the stock higher within the channel, potentially targeting the recent highs around 157.41. The only thing missing is a clear bottom signal (there isn't any so far). However, a break below 133.30 could signal a potential shift in trend, leading to a deeper correction in the weekly chart. Weekly Chart: In the weekly chart, a shooting star pattern is observed, a bearish reversal signal that often appears at the top of an uptrend. This pattern indicates a potential top, especially if followed by a bearish confirmation in the subsequent weeks. The current weekly close below the low of the shooting star reinforces the possibility of a correction (however, this week isn’t over yet). If the price continues to decline, the next significant support level to watch is the 21-week EMA, which has previously acted as a dynamic support. Conclusion: Integrating both time frames, MU is at a crucial juncture. The daily ascending channel suggests a bullish bias, but the weekly shooting star pattern warns of a potential correction. If the price holds above the key support of 133.30 on the daily chart, it could resume its upward trajectory within the channel. However, failure to maintain this level might lead to further downside, aligning with the bearish implications of the weekly shooting star. Fow now, we should monitor these levels closely to gauge the stock's next move, balancing the bullish potential of the ascending channel with the caution warranted by the shooting star pattern. 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
Micron Technology pre earnings action and post earnings levels.Please note that this is not financial advice but merely my personal opinion. I encourage you to conduct your own research. As Micron's earnings report approaches, market sentiment appears bullish, suggesting a potential rally that could push the stock price toward the $150 zone. This anticipation is likely fueled by expectations of strong demand for memory products, improvements in supply chain conditions, and overall positive trends in the semiconductor industry. Post-earnings, Micron's stock could experience two possible outcomes: Positive Earnings Outcome: If Micron reports strong earnings, surpassing market expectations, the stock price could surge by 10-15%. Factors contributing to positive results might include higher-than-expected sales, effective cost management, and robust future guidance. This would reinforce investor confidence and drive the stock higher. Negative Earnings Outcome: Conversely, if Micron's earnings fall short of expectations, the stock could decline by around 15%. Potential causes for disappointing results could include weaker demand, pricing pressures, supply chain disruptions, or unfavorable guidance. This outcome would likely erode investor confidence and lead to a significant drop in the stock price. In summary, while there is optimism about a pre-earnings rally toward the $150 mark, the actual post-earnings movement will heavily depend on Micron's financial performance and market reaction to the earnings report. I'm looking to open my position tomorrow in the early trading hours, wish I had done it a week ago.
NASDAQ:MULong
by TomasRay
3
MU Micron Technology Options Ahead of EarningsIf you haven`t bought the dip on MU: nor calls ahead of the previous earnings: Now analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 140usd strike price Calls with an expiration date of 2024-6-28, for a premium of approximately $9.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:MULong
by TopgOptions
1
Micron Technology, MU - Strong Chart & Lots of Room to RunSince the beginning of 2024 MU has nearly doubled in price, or actually from Mid December 2023 it has added 100% to it's share price to the current level. I looked at various timeframes including the 15 minute chart, 1 & 2 hour charts, as well as Daily, Weekly and Monthly charts and all of the charts had varying degrees of strength to indicate that the current trend should continue as long as the candles continue to trend above the 7 day ema..... Some of its primary competitors include: Intel Corporation (INTC): Intel is one of the largest semiconductor companies globally, known for its CPUs and other semiconductor products. P/E 32.27 Samsung Electronics (005930.KS): Samsung is a major player in various technology sectors, including semiconductors. It is known for its memory chips and other semiconductor products. P/E Ratio 18.50 Taiwan Semiconductor Manufacturing Company (TSMC) (2330.TW): TSMC is the world's largest dedicated semiconductor foundry, manufacturing chips for various companies including those in competition with Micron. P/E Ratio 33.36 SK Hynix (000660.KS): SK Hynix is a South Korean semiconductor supplier specializing in memory chips, NAND flash, and DRAM products. P/E Ratio 8.59 Comparing Micron Technology (P/E Ratio -26.50) to its top competitors involves assessing various aspects of their business operations, market position, and technological advancements. Here are 15 key points where Micron may demonstrate strengths compared to its major competitors: *Specialization in Memory Solutions: Micron focuses extensively on memory solutions, including DRAM and NAND flash, allowing deep expertise and specialized product development. *Technological Advancements: Micron has invested in advanced semiconductor technologies, such as 3D NAND and DRAM innovations, maintaining competitiveness in performance and efficiency. *Vertical Integration: Micron's vertical integration strategy includes owning and operating fabs (fabrication facilities), providing control over production processes and potentially reducing costs. *Innovation in Storage Solutions: Micron has been at the forefront of developing storage solutions for data-intensive applications, catering to enterprise and cloud computing needs. *Strategic Partnerships: Collaborations with industry leaders and strategic partners enhance Micron's market reach and facilitate joint development efforts in cutting-edge technologies. *Strong Research and Development: Micron invests significantly in R&D to drive innovation and maintain a pipeline of new products, ensuring relevance in rapidly evolving markets. *Global Presence and Manufacturing Capability: Micron operates manufacturing facilities globally, enabling efficient supply chain management and meeting diverse customer demands. *Environmental Responsibility: Micron emphasizes sustainability in its operations, aiming for energy efficiency in manufacturing and minimizing environmental impact. *Financial Stability and Performance: Micron's solid financial performance, including revenue growth and profitability, reflects its strong market position and operational efficiency. *Customer-Centric Approach: Micron's focus on understanding customer needs and providing tailored solutions enhances customer satisfaction and loyalty. *Quality and Reliability: Micron products are known for their quality and reliability, crucial in sectors requiring consistent performance and durability. *Industry Leadership and Recognition: Micron's leadership in memory and storage technologies is recognized through industry awards, patents, and contributions to standards bodies. *Employee Talent and Culture: Micron fosters a culture of innovation and attracts top talent in the semiconductor industry, driving creativity and problem-solving. *Adaptability and Flexibility: Micron demonstrates agility in responding to market shifts and technological advancements, maintaining relevance amid industry changes. *Long-Term Vision and Strategy: Micron's strategic planning focuses on long-term growth, sustainability, and resilience in the competitive semiconductor landscape. These points illustrate various strengths that position Micron Technology favorably against its competitors, contributing to its market leadership and ongoing success in the semiconductor industry. **** The one MAJOR drawback for MU is their PE Ratio at -26.5 as it indicates that the company is experiencing significant losses. So why then has MU been on a major run for the last 6 months? I believe it is because of their strategic partnerships. Micron Technology has strategic partnerships with several companies across various sectors of the technology industry. Some notable strategic partnerships include: 1) Intel Corporation: Micron and Intel have a long-standing partnership, particularly in the development of non-volatile memory technologies such as 3D XPoint memory, which has been marketed under the Optane brand. 2) Sony Corporation: Micron collaborates with Sony in the development of memory solutions for gaming consoles and other consumer electronics products. 3) Achronix Semiconductor Corporation: Micron has a strategic partnership with Achronix Semiconductor to collaborate on the development of next-generation FPGA (Field-Programmable Gate Array) solutions. 4) Microsoft Corporation: Micron collaborates with Microsoft in various areas, including optimizing memory solutions for Microsoft's Azure cloud platform and other enterprise applications. 5) Qualcomm Incorporated: Micron has partnerships with Qualcomm in the development of memory solutions for mobile devices and other technologies. 6) Hewlett Packard Enterprise (HPE): Micron collaborates with HPE in optimizing memory and storage solutions for enterprise servers and data centers. 7) Seagate Technology: Micron and Seagate collaborate on storage technologies, including solid-state drives (SSDs), aimed at improving performance and reliability in data storage solutions. 8) NVIDIA Corporation: Micron partners with NVIDIA in providing memory solutions optimized for NVIDIA's GPUs (Graphics Processing Units), used extensively in gaming, AI, and data center applications. These partnerships enable Micron Technology to leverage complementary strengths, jointly innovate on new technologies, and expand its market reach across different sectors of the semiconductor and technology industries.
NASDAQ:MULong
by grahammk