14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MU
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Micron stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 11, 2024)

Buy or Hold candidate since May 03, 2024 Gain 17.76% PDF

The Micron stock price gained 0.185% on the last trading day (Tuesday, 11th Jun 2024), rising from $134.82 to $135.07. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.08% from a day low at $131.79 to a day high of $135.85. The price has been going up and down for this period, and there has been a 1.81% gain for the last 2 weeks. Volume fell on the last day by -587 thousand shares and in total, 14 million shares were bought and sold for approximately $1.90 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.33% during the next 3 months and, with a 90% probability hold a price between $149.59 and $181.89 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

MU Signals & Forecast

The Micron stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $131.35 and $123.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 26.51%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Micron stock

On the downside, the stock finds support just below today's level from accumulated volume at $118.80 and $117.13. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Micron finds support just below today's level at $118.80. If this is broken, then the next support from accumulated volume will be at $117.13 and $109.85.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.06 (3.08%) between high and low. For the last week, the stock has had daily average volatility of 3.72%.

Our recommended stop-loss: $130.64 (-3.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)

Trading Expectations (MU) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Micron Technology to open at $134.24, and during the day (based on 14 day Average True Range), to move between $130.56 and $139.58, which gives a possible trading interval of +/-$4.51 (+/-3.34%) up or down from last closing price. If Micron Technology takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $118.80, some $16.27 (12.05%) from the current price of $135.07, our system finds the risk reward attractive.

Is Micron Technology stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Micron stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.539 Buy Candidate Downgraded

Predicted Opening Price for Micron Technology of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$134.24 ( 0.616%) $135.07

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MU

Fibonacci Support & Resistance Levels

Level Price
R3 138.29 2.39%
R2 136.74 1.24%
R1 135.79 0.531%
Price 135.07
S1 132.69 -1.76%
S2 131.73 -2.47%
S3 130.18 -3.62%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 135.07
S1 118.80 -12.05%
S2 117.13 -13.28%
S3 109.85 -18.67%

MU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Apr 16, 2024 $0.115 0.0944%
2 Dec 20, 2023 Jan 02, 2024 Jan 18, 2024 $0.115 0.136%
3 Dec 20, 2023 Dec 29, 2023 Jan 18, 2024 $0.115 0.136%
4 Sep 27, 2023 Oct 06, 2023 Oct 25, 2023 $0.115 0.173%
5 Jun 28, 2023 Jul 07, 2023 Jul 25, 2023 $0.115 0.175%

FAQ

What is the symbol for Micron Stock and on which exchange is it traded?
The symbol for Micron is MU and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Micron Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Micron stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Micron Stock?
Micron Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Micron Stock.

What's the current price of Micron Stock?
As of the end of day on the Jun 11, 2024, the price of an Micron (MU) share was $135.07.

What is the 52-week high and low for Micron Stock?
The 52-week high for Micron Stock is $135.85 and the 52-week low is $60.50.

What is the market capitalization of Micron Stock?
As of the Jun 11, 2024, the market capitalization of Micron is 149.572B.

When is the next earnings date for Micron?
The upcoming earnings date for Micron is Jun 26, 2024.
Click to get the best stock tips daily for free!

About Micron Technology

Micron Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND product... MU Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT