Trading Signals: MU Stock Price Prediction and Forecast

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Wed. Nov. 18, 2020

Trading Signals: MU Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(Micron Technology Inc)
MU latest price $60.7500 (-2.06%) ($60.6250 - $62.0400) on Wed. Nov. 18, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.36% (three month average)
RSI   84
Latest Price   $60.7500(-2.06%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MU advances 1.5% a day on average for past five trading days.
Weekly Trend   MU advances 8.5% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support MU advance at 0% a week (0% probability)
FIVG(70%)    QQQ(66%)    DRIV(64%)    IDRV(64%)    IVW(63%)
Factors Impacting MU price   MU will decline at least -1.18% in a week (0% probabilities).
VIXM(-37%)    UUP(-19%)    VXX(-13%)    TLT(-9%)    EDOC(-7%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.18% (StdDev 2.36%)
Hourly BBV -0.6 ()
Intraday Trend 0%

5 Day Moving Average   $59.74(1.69%)
10 Day Moving Average   $57.78(5.14%)
20 Day Moving Average   $54.74(10.98%)
To recent high   -2.1%
To recent low   42.4%
Market Cap   $67.554b

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.

$. MU price fluctuates within 6.7% (three month std-dev: 2.36%) daily (68% of days).

Sample size 10 Average positive next day return: 1.31%(40%) Average negative next day return: -1.3%(60%) Sample size 10 Average positive next three day return: 4%(20%) Average negative next three day return: -3.28%(80%) Sample size 10 Average positive next weekly return: 6.51%(50%) Average negative next weekly return: -6.75%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201218

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Nov_18_2020	49.93	54.74	57.78	59.74	60.41	61.34	60.75(-2.06%)	UD	OpenLong	75	0.3	75	140	25	226	18.71	58%	0.18	54.5	2.36%	-0.6	1.6	84	1.3
2	Nov_17_2020	49.84	54.34	56.91	58.86	59.23	61.45	62.03(0.4%)	UT	HoldLong	65	0.9	119	280	78	240	17.62	58%	0.26	54.2	2.36%	1	2.3	90	1.6
3	Nov_16_2020	49.71	53.87	55.81	57.55	57.91	59.49	61.78(6.65%)	UT	HoldLong	65	1.5	119	210	89	210	31.27	58%	0.26	53.3	2.37%	1.6	2.7	76	1.6
4	Nov_13_2020	49.58	53.37	54.59	56.37	56.42	57.02	57.93(3.02%)	UT	OpenLong	75	0.7	60	80	28	156	14.31	49%	0.18	56.8	2.24%	1.4	2	70	1.5
5	Nov_12_2020	49.49	53.04	53.83	55.82	56.09	56.34	56.23(-0.15%)	UD	OpenLong	75	0.2	46	50	20	125	13.83	47%	0.16	60.6	2.31%	0.3	1.5	62	1.1

6	Nov_11_2020	49.41	52.81	53.25	55.5	55.77	55.83	56.32(1.52%)	UT	OpenLong	75	0.4	40	20	20	100	14.74	47%	0.14	65.1	2.32%	0.5	1.8	54	1.8
7	Nov_10_2020	49.34	52.56	52.6	54.63	55.23	55.85	55.47(-0.8%)	UD	OpenLong	75	0.5	37	110	28	65	14.47	47%	0.08	66.2	2.34%	-0.6	1.6	56	1.7
8	Nov_9_2020	49.3	52.37	52.22	53.75	54.36	55.7	55.92(1.39%)	UT	OpenLong	75	1.3	58	210	61	47	20.94	47%	0.1	67.9	2.34%	1	2.1	56	1.4
9	Nov_6_2020	49.25	52.09	51.8	52.5	53	54.61	55.16(0.93%)	UT	OpenLong	75	1.7	53	240	66	13	14.01	43%	0.1	60.5	2.34%	1	2	58	1.7
10	Nov_5_2020	49.2	51.82	51.51	51.54	51.72	53.02	54.65(5.17%)	N/A	N/A	0	2.2	43	190	60	-10	16.33	43%	0.08	57.6	2.41%	1.5	2	60	1

11	Nov_4_2020	49.16	51.58	51.42	50.7	50.69	51.39	51.96(1.74%)	N/A	N/A	0	0.9	16	100	33	-35	13.51	38%	0.02	47.7	2.33%	1.3	0.3	50	0.8
12	Nov_3_2020	49.15	51.42	51.53	50.3	50.31	50.42	51.07(2.79%)	DP	OpenShort	-65	0.5	-6	20	9	-49	11.42	38%	0.02	38.2	2.33%	1.4	-0.2	49	-0.6
13	Nov_2_2020	49.14	51.25	51.76	50.47	50.09	50	49.69(-1.3%)	DT	OpenShort	-75	-0.4	-27	-40	-19	-50	13.09	35%	0.02	29.4	2.3%	-1.3	-0.8	41	-1.4
14	Oct_30_2020	49.13	51.18	52.07	50.96	50.6	50.2	50.34(-0.25%)	DT	OpenShort	-75	-0.3	-18	-80	-15	-27	15.94	35%	0.04	28.7	2.3%	-0.5	-0.4	51	-1.7
15	Oct_29_2020	49.11	51.01	52.23	51.46	51.11	50.19	50.47(1.09%)	DP	OpenShort	-75	-0.5	-34	-150	-40	-15	12.38	35%	-0.04	29.1	2.31%	-0.1	-0.3	56	-1.4

16	Oct_28_2020	49.13	50.91	52.4	52.25	51.8	51	49.92(-3.93%)	CR	SmallShort	-20	-1	-32	-130	-47	14	15.44	35%	-0.06	34.1	2.3%	-1.1	-0.4	54	-2.6
17	Oct_27_2020	49.16	50.78	52.4	52.92	52.82	52.04	51.96(-0.31%)	N/A	N/A	0	-0.4	-2	-110	-22	59	8.92	38%	-0.04	37.3	2.28%	-0.3	0.5	72	-0.5
18	Oct_26_2020	49.18	50.71	52.61	53.23	53.2	52.59	52.12(-1.37%)	UD	OpenLong	65	-0.5	1	-80	-28	88	11.67	38%	-0.04	44	2.31%	-1.1	0.6	76	-0.4
19	Oct_23_2020	49.2	50.59	52.49	53.33	53.54	53.61	52.85(-2.82%)	UD	OpenLong	75	-0.2	30	20	1	116	16.16	35%	0.04	47	2.39%	-1.3	1	78	1.1
20	Oct_22_2020	49.18	50.39	52.21	53.09	53.43	53.8	54.38(2.04%)	UT	HoldLong	65	0.6	51	70	22	138	14.81	36%	0.12	42	2.37%	1.7	1.8	90	1.2

21	Oct_21_2020	49.12	50.13	51.76	52.6	52.85	53.47	53.3(-0.44%)	UD	OpenLong	75	0.3	49	100	20	136	12.88	36%	0.12	36.5	2.36%	0.6	1.6	75	0.9
22	Oct_20_2020	49.06	49.94	51.28	52.27	52.38	53.07	53.53(1.75%)	UT	HoldLong	65	0.7	57	100	29	141	17.3	40%	0.14	33.5	2.36%	1.3	1.9	79	0.6
23	Oct_19_2020	48.99	49.73	50.67	51.92	51.93	52.23	52.61(1.94%)	UT	OpenLong	75	0.4	43	40	19	113	24.15	40%	0.1	33.3	2.38%	1.4	1.7	55	0.7
24	Oct_16_2020	48.94	49.54	50.18	51.54	51.78	51.69	51.61(-0.65%)	UD	OpenLong	75	0	31	0	11	92	14.22	40%	0.1	29.3	2.38%	0.7	1.3	56	1.4
25	Oct_15_2020	48.89	49.48	49.69	51.19	51.46	51.63	51.95(0.6%)	UT	OpenLong	75	0.5	23	40	7	70	13.94	40%		37.7	2.38%	-0.1	1.6	59	1.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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