Micron Technology Inc. Analisi Tecnica | Micron Technology Inc. Trading: 2024-04-18 | IFCM Italy
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Micron Technology Inc. Analisi Tecnica - Micron Technology Inc. Trading: 2024-04-18

Micron Technology Inc. Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sotto 116.15

Sell Stop

Sopra 124.48

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articoli 2474
IndicatorSignal
RSI Neutro
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Sell
Parabolic SAR Sell

Micron Technology Inc. Chart Analysis

Micron Technology Inc. Chart Analysis

Micron Technology Inc. Analisi Tecnica

The technical analysis of the Micron stock price chart on 4-hour timeframe shows #S-MU,H4 is retreating toward the 200-period moving average MA(200) which is rising still. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 116.15. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 124.48. After placing the order, the stop loss is to be moved every day to the next fractal high indicator, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (124.48) without reaching the order (116.15), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Analisi Fondamentale Azioni - Micron Technology Inc.

Micron stock edged up after news US government will provide over $6 billion support to Micron for chip production in US. Will the Micron stock price reverse retreating?

The Biden administration has reached an agreement to provide $6.1 billion for Micron Technology to produce advanced memory computer chips in New York and Idaho. The funding comes from the 2022 CHIPS and Science Act, which is set to provide government support for chip manufacturers to produce chips in US. Micron plans to invest $100 billion in upstate New York over the next two decades. Micron stock edged up 1.82% in after-hours trade following the announcement. Government aid for expanding production is bullish for a company stock. Micron stock peaked two weeks ago after the earthquake in Taiwan. Micron Technology announced last week the April 3 earthquake in Taiwan would hurt a calendar quarter of its dynamic random access memory - DRAM supply by up to a mid-single digit percentage. Chip supply shortage is bearish for Micron stock price.

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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