MICRON Technology Inc. (MU.O) (d-w-m) for Monday (6/26/2017)

 

Micron’s Third Quarter 2017 Financial Call
Jun 29, 2017 at 4:30 PM ET

I was expecting a pre-announcement on Micron’s Q3’2017 earnings.  We didn’t get a Micron pre-announcement. Micron has a new CEO Sanjay Mehrotra. Micron has a track record of giving only enough information in quarterly reports and financial calls with the stated expectations that analysts ‘willing to do their own homework’ had enough info to correctly interpret and report where Micron’s technologies, financials, and technicals, are heading. Well, analysts want to be spoon fed, aren’t doing the necessary homework, leaving the door open to the short sellers, and bashers … depriving Micron and stockholders of the P/E awarded to Micron’s competitors.
Anyone doing their own Micron-customer-competitor … homework sees the writing on the wall.  Unless Micron’s new CEO Sanjay Mehrotra comes out swinging, analysts are going to continue to trash talk about DRAM, and NAND, as a commodity. Analysts lump clearly disparate categories under the same DRAM, or NAND, label in the articles, charts, tables, and graphs … PC DRAM is not interchangeable with mobile … at this time (MIcron wants to create one product DRAM and NAND to work with both).  As far as NAND, planar NAND is NOT interchangeable with 3D NAND, and Micron’s ‘floating gate’ 3D TLC NAND is not the same as competitors’ ‘charge trap’ 3D NAND.
Micron has unique, cutting edge, technologies like Automata, the Hybrid Memory Cube (HMC), 3D Xpoint (QuantX), GDDR5X pushing to 16Gb per second, 3D ‘floating gate’ TLC NAND, … and more products we only have hints about. It’s only reasonable to think a new CEO would want to do something to improve the Micron Financial Call Presentations … as well as putting the cutting edge, ‘unique’ Micron technologies on show to demonstrate Micron is on a path to sole posession of Technology leadership and no longer a commodities boom and bust player. We are 4 days away from the first Financial call from a new Micron CEO.

 

The Daily, Weekly, Monthly (d-w-m) chart analysis review below is a Bull/Bear, PROs, and CONs, buysell-short chart analysis with the same capital conserving cautionary and pull back suggestions I have learned to appreciate and use to manage my investments with the RISK Reward Ratio. I want to know the good, the bad, and the ugly, because it’s my money. I hope sharing my homework helps you with yours.

MICRON Technology Inc. (MU.O) (d-w-m) chart analysis review

  • from Friday, 6/23/2017 $31.73 -0.16 (-0.50%)
  • After Hours:  31.79 +0.06 (0.19%)
  •        52 Week High: $32.93                    52 Week Low: $11.50

Currently the Moving Average Convergence Divergence (MACD) for MICRON Technology Inc. (MU.O) is bearish since it is trading below its signal line. The MACD crossed below its signal line 7 trading days ago. Since the MACD crossed below its moving average, MICRON TECH ORD’s price has increased +2.16 percent, and has ranged from a low of 29.82 to a high of 32.40. The MICRON Tech MACD is not in an Overbought/Oversold range. There have been no divergence signals within the last 5 trading days.
MACD Value: +0.620                Signal Line: +0.660

Friday’s (6/23/2017) Relative Strength Index (RSI) for MU was 58.5434, an improvement from the previous Friday’s 48.3464. The RSI calculations are based on the Close over a 14 trading day period.

For every trading day in the month of June 2017, Daily Pivot Points, Support, Resistance, Daily (and now: Weekly) ‘projected’ Highs, ‘projected’ Lows, and more, see:

———————–

mu 20170623d

Chart 1: Micron Tech, Daily, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).

  • ———————–

(1) Analysis of DAILY chart activity through Friday’s (6/23/2017) close at $31.73

The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side. If already holding long positions, look to take partial profits on any retracement to 29.82. Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 29.21. Be prepared for a potential short term price pull back to the 31.03 area.

  • Suggested placement of capital conserving stops:
  • If Long, exit all contracts at: $29.21
  • If Short, exit all contracts at: $32.93

(1.a) Additional DAILY chart info:

  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1.a.1) : this chart shows extraordinary price action to the upside.

 

(1.b) DAILY chart price projection ranges (6/26/2017 – 6/30/2017):

  • The upper projected target is: $33.71
  • The lower projected target is: $29.95
  • The projected closing price is: $31.83
  • Note: the above DAILY chart price projection ranges are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
  • ———————–

mu 20170623sma-d

Chart 2: Micron Tech, Daily, EOD, Simple Moving Averages: sma3, sma9, sma20, sma50, sma100, sma200, sma400 … looking for moving average trends and crossovers

  • ———————–

(1.c) DAILY chart Moving Averages

  • The 3 period Simple Moving Average (sma3) at 31.88 is in an uptrend.
  • The 9 period Simple Moving Average (sma9) at 31.19 is in an uptrend.
  • The 20 period Simple Moving Average (sma20) at 31.17 is in an uptrend.
  • The 50 period Simple Moving Average (sma50) at 29.24 is in an uptrend.
  • The 100 period Simple Moving Average (sma100) at 27.47 is in an uptrend.
  • The 200 period Simple Moving Average (sma200) at 23.39 is in an uptrend.
  • The 400 period Simple Moving Average (sma400) at 17.96 is in an uptrend.
  • ———————–

mu 20170623w

Chart 3: Micron Tech, Weekly, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).

  • ———————–

(2) Analysis of WEEKLY chart activity through Friday’s (6/23/2017) close at $31.73
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side. If already holding long positions, look to take partial profits on any retracement to 26.37. Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 26.36. Be prepared for a potential short term price pull back to the 26.94 area.

  • Suggested placement of capital conserving stops:
  • If Long, exit all contracts at: $24.94
  • If Short, exit all contracts at: $32.93

(2.a) Additional WEEKLY chart info:

  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (2.a.1) this chart shows extraordinary price action to the upside.

 

(2.b) WEEKLY chart price projection ranges (6/26/2017 – 6/30/2017):

  • Note (2.a.2): prices are vulnerable to a correction towards 22.05.
  • The upper projected target is: $35.15
  • The lower projected target is: $29.07
  • The projected closing price is: $32.11
  • Note: the above WEEKLY chart price projection ranges are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
  • ———————–

mu 20170623sma-w

Chart 4: Micron Tech, Weekly, EOD, Simple Moving Averages: sma3, sma9, sma20, sma50, sma100, sma200, sma400 … looking for moving average trends and crossovers

———————–

(2.c) WEEKLY chart Moving Averages

  • The 3 period Simple Moving Average (sma3) at 30.73 is in an uptrend.
  • The 9 period Simple Moving Average (sma9) at 29.53 is in an uptrend.
  • The 20 period Simple Moving Average (sma20) at 27.64 is in an uptrend.
  • The 50 period Simple Moving Average (sma50) at 22.07 is in an uptrend.
  • The 100 period Simple Moving Average (sma100) at 17.80 is in an uptrend.
  • The 200 period Simple Moving Average (sma200) at 22.19 is in an uptrend.
  • The 400 period Simple Moving Average (sma400) at 15.25 is in an uptrend.
  • ———————–

mu 20170623m

Chart 5: Micron Tech, Monthly, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).

———————–

(3) Analysis of MONTHLY chart activity through Friday’s (6/23/2017) close at $31.73
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side. If already holding long positions, look to take partial profits on any retracement to 16.17. Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 11.50. Be prepared for a potential short term price pull back to the 24.54 area.

  • Suggested placement of capital conserving stops:
  • If Long, exit all contracts at: $9.35
  • If Short, exit all contracts at: $32.93

(3.a) Additional MONTHLY chart info:

  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (3.a.1): this chart shows extraordinary price action to the upside.

 

(3.b) MONTHLY chart price projection ranges (6/1/2017 – 6/30/2017):

  • Note (3.b.1): prices are vulnerable to a correction towards 21.17.
  • The upper projected target is: $39.71
  • The lower projected target is: $24.64
  • The projected closing price is: $32.18
  • Note (3.b.2): the above MONTHLY chart price projection ranges are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.

 

—  Monday, 6/26/2017   thru    Friday 6/30/2017  ——

 

  Hope the above MICRON TECH ORD (MU.O) calculations for Monday, 6/26/2017, day, week, and month,  helps your investing and trading planning today …

 

 

 

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