Trading Signals: MU Stock Price Prediction and Forecast

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Fri. Dec. 22, 2023

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

(Micron Technology Inc)
MU latest price $86.8950 (1.31%) ($86.8950 - $86.8950) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.03% (three month average)
RSI   77
Latest Price   $86.8950(1.31%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MU advances 1.3% a day on average for past five trading days.
Weekly Trend   MU advances 5.8% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MU advance at 0% a week (0% probability)
UNG(92%)    EEM(84%)    INDA(84%)    FIVG(83%)    IVE(83%)
Factors Impacting MU price   MU will decline at least -1.015% in a week (0% probabilities).
VIXM(-52%)    UUP(-19%)    BNDX(-10%)    BND(2%)    ACES(5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.015% (StdDev 2.03%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $83.02(4.67%)
10 Day Moving Average   $81.57(6.53%)
20 Day Moving Average   $78.5(10.69%)
To recent high   0%
To recent low   34.1%
Market Cap   $96.627b

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 4.82% (three month std-dev: 2.03%) daily (68% of days).

Sample size 29 Average positive next day return: 2.61%(62%) Average negative next day return: -2.86%(38%) Sample size 29 Average positive next three day return: 7.37%(55%) Average negative next three day return: -6.04%(45%) Sample size 29 Average positive next weekly return: 10.41%(52%) Average negative next weekly return: -4.97%(48%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240122

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	Dec_22_2023	71.15	78.5	81.57	83.02	83.37	86.33	86.9(1.31%)	UT	HoldLong	65	1	157	260	134	226	9.15	66%	0.25	42.1	2.03%	0	2.2	77	1.4
2	Dec_21_2023	70.97	77.96	80.37	81.92	82.04	82.23	85.77(8.96%)	UT	OpenLong	75	1.2	97	20	70	178	44.66	63%	0.25	39.1	2.03%	1.9	2.3	70	0.6
3	Dec_20_2023	70.79	77.49	79.16	81.21	80.96	80.41	78.72(-4.13%)	N/A	N/A	0	-0.9	-12	-60	-59	128	24.17	57%	0.11	39.8	1.75%	-3.2	0.4	59	0.3
4	Dec_19_2023	70.71	77.38	78.67	81.41	81.83	81.85	82.12(0.64%)	UT	OpenLong	75	0.3	66	20	33	166	8.93	62%	0.16	41.6	1.68%	2.2	1.7	68	0.7
5	Dec_18_2023	70.6	77.17	77.82	80.6	81.23	81.51	81.59(0.2%)	UT	OpenLong	75	0.4	46	50	18	131	10.09	62%	0.14	43.1	1.68%	-0.4	1.7	68	0.8

6	Dec_15_2023	70.5	76.94	77.08	79.84	80.35	81.8	81.43(-0.92%)	UD	OpenLong	75	0.7	76	150	62	118	12.23	59%	0.16	42.6	1.68%	0.3	1.9	60	0.8
7	Dec_14_2023	70.39	76.68	76.5	78.54	79.4	80.95	82.18(3.08%)	UT	OpenLong	75	1.7	114	170	118	103	13.24	59%	0.21	37.1	1.71%	1.5	2.6	65	1.6
8	Dec_13_2023	70.24	76.4	75.82	76.84	77.58	78.91	79.73(2.1%)	UT	OpenLong	75	1.7	69	150	79	39	9.42	56%	0.2	31.7	1.68%	2.3	2	58	1.4
9	Dec_12_2023	70.1	76.24	75.45	75.53	76.07	77.84	78.09(0.37%)	UT	OpenLong	75	1.7	65	180	85	6	7.29	54%	0.19	24.4	1.66%	0.7	1.2	54	1.6
10	Dec_11_2023	69.97	76.08	75.21	74.63	74.82	76.25	77.8(3.85%)	RB	SmallLong	20	2.1	60	140	89	-27	18.54	54%	0.17	14.2	1.66%	1.4	1.1	44	1.4

11	Dec_8_2023	69.85	75.95	75.13	73.93	73.83	74.3	74.92(1.68%)	N/A	N/A	0	0.7	2	40	27	-75	7.79	50%	0.14	9.9	1.59%	1.7	-0.7	37	1.2
12	Dec_7_2023	69.75	75.9	75.31	74.17	73.68	73.39	73.68(0.7%)	DP	OpenShort	-75	-0.3	-36	-50	-18	-88	7.38	48%	0.13	22.8	1.58%	0.1	-1.5	37	1
13	Dec_6_2023	69.66	75.86	75.66	74.65	74.28	73.36	73.16(-0.6%)	DT	OpenShort	-75	-0.9	-54	-100	-43	-87	8.52	48%	0.11	37.3	1.58%	-2	-1.6	33	1.2
14	Dec_5_2023	69.58	75.88	76.03	75.33	74.95	73.96	73.61(-0.96%)	DT	OpenShort	-75	-1	-66	-110	-62	-79	5.86	48%	0.13	64.3	1.58%	-0.8	-1.3	34	1.3
15	Dec_4_2023	69.49	75.87	76.53	75.84	75.69	75.2	74.32(-2.32%)	DT	OpenShort	-75	-0.9	-40	-50	-40	-41	7.47	48%	0.14	89.6	1.58%	-1.4	-0.9	51	1.4

16	Dec_1_2023	69.39	75.81	76.88	76.46	76.01	75.94	76.08(0.01%)	DP	OpenShort	-75	-0.2	-15	-20	-18	-5	8.85	51%	0.17	113.5	1.56%	-0.2	0.1	55	1.3
17	Nov_30_2023	69.27	75.55	76.96	76.63	76.36	76.18	76.07(-0.65%)	UD	OpenLong	65	-0.3	1	-30	-5	18	21.7	54%	0.17	112.5	1.59%	-0.9	0.2	63	1.4
18	Nov_29_2023	69.15	75.25	77.08	76.83	76.63	76.09	76.57(0.56%)	N/A	N/A	0	-0.1	-2	-60	-17	42	11.55	57%	0.19	105.3	1.6%	-0.1	0.5	70	1.3
19	Nov_28_2023	69.02	74.8	77.14	76.86	76.75	76.53	76.14(-1.7%)	N/A	N/A	0	-0.2	-10	-20	-32	56	19.21	59%	0.2	86.4	1.62%	-0.9	0.4	66	1.5
20	Nov_27_2023	68.88	74.33	77.04	77.34	77	77.18	77.46(0.74%)	UT	OpenLong	75	0	24	0	1	94	8.85	62%	0.25	79	1.62%	0.8	0.9	70	1.3

21	Nov_24_2023	68.71	73.76	76.85	77.37	77.27	76.96	76.89(-0.26%)	UD	OpenLong	75	-0.1	28	-30	1	110	4.34	62%	0.32	70.1	1.62%	0	0.8	70	1.4
22	Nov_22_2023	68.49	73.18	76.55	77.34	77.45	76.82	77.09(0.5%)	UD	OpenLong	65	-0.1	12	-50	-22	114	8.58	64%	0.13	59.9	1.66%	-0.4	0.9	77	1.2
23	Nov_21_2023	68.4	72.65	76.1	77.35	77.38	77.59	76.71(-2.37%)	UD	OpenLong	65	-0.1	19	20	-19	132	12.01	64%	0.19	58	1.67%	-1.3	0.9	78	1.3
24	Nov_20_2023	68.27	72.22	75.72	77.45	77.52	78.09	78.57(1.24%)	UT	HoldLong	65	0.3	84	50	47	196	8.12	67%	0.22	58.2	1.64%	2.2	1.4	90	1.4
25	Nov_17_2023	68.12	71.62	75.15	76.7	77.16	77.17	77.61(1.16%)	UT	HoldLong	65	0.2	71	20	27	204	6.83	67%		53.4	1.63%	1.9	1.4	90	1.5
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