MU stock: buy or sell

MU stock price: $90.27 -0.44% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

2

MU stock brief

  • Micron stock just changed -0.44% to close at $90.27 on the stock market today, after 3 consecutive sessions in red.
  • Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.

Should I buy Micron stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $MU stock a buy?

In the current situation of Micron there is not any eligible buy setup. This doesn't mean $MU will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Micron stock?

How to know when is it time to sell Micron stock?. Trading strategies give us the ability us to avoid rash decisions based on our personal emotions or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies are not intended for selling short Micron stock

A golden rule is that you should not mantain an open trade that results in losses greater than those expected upon purchase. When to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Micron stock?

Currently, Micron stock doesn't match any of our preferred sell setups, so if you hold Micron shares and your operation is in profit probably is not time to sell now

Micron ratings

In the last month, 15 ratings were published for Micron. General sentiment is bullish, with 11 out of 15 publishing positive forecasts

Micron analysts' ratings - Last month
Brokerage firmRating
Mar 17th, 2021
Citigroup Neutral
Mar 22nd, 2021
Cascend Securities Strong buy
Mar 29th, 2021
BMO Capital Markets
Rosenblatt Securities Strong buy
Apr 1st, 2021
Citigroup Neutral
Cowen Buy
JPMorgan Chase & Co. Buy
Mizuho Strong buy
Needham & Company LLC Strong buy
Robert W. Baird BuyNeutral
Royal Bank of Canada Buy
Susquehanna Buy
Susquehanna Bancshares Buy
The Goldman Sachs Group Strong buy
Wedbush NeutralBuy

Micron stock analysis

SMAs overview

MU stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $95.49 (5.78% above)
  • R2: $95.75 (6.07% above)
  • R3: $96.96 (7.41% above)
  • The current supports are:

  • S1: $87.25 (-3.35% below)
  • S2: $81.85 (-9.33% below)
  • S3: $80.49 (-10.83% below)
  • Bollinger bands

    MU stock Bollinger Bands chart

    Relative strength index

    When the stays for so long below 70 and above 30, without showing moments of overvaluation and undervaluation, the indicator gets of little use, and we are now in one of these cases.

    MU stock RSI chart

    Micron stock price history

    Micron started trading priced at an adjusted price1 of $0.00 on Jun 1984. Since then, MU stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Micron stock on Jun 1984, it would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    MU stock price history chart

    Price target for Micron stock

    Nobody can predict how much a stock will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and many times. Again, these targets are not direct recommendations for small traders and must not be followed blindly.

    The average price target for Micron stock calculated from the table below is $122.73. That is a 35.96% than the current price ($90.27).

    Micron stock price predictions
    Brokerage firmPrice target
    Mar 17th, 2021
    Citigroup $116.00$130.00
    Mar 22nd, 2021
    Cascend Securities $100.00$110.00
    Mar 29th, 2021
    BMO Capital Markets $80.00$90.00
    Rosenblatt Securities $150.00
    Apr 1st, 2021
    Citigroup $130.00$135.00
    Cowen $100.00$105.00
    JPMorgan Chase & Co. $130.00$140.00
    Mizuho $100.00$104.00
    Needham & Company LLC $115.00$130.00
    Robert W. Baird $85.00$100.00
    Royal Bank of Canada $110.00$120.00
    Susquehanna $145.00$150.00
    Susquehanna Bancshares $145.00$150.00
    The Goldman Sachs Group $118.00$122.00
    Wedbush $100.00$105.00

    Earnings and financials

    Earnings call was hosted by Micron ($MU) in late March after posting the earnings report. MU posted earnings of $0.98 per share on sales of $6.2 billion. The Wall St estimate was $0.95 per share on revenue of $6.2 billion.

    In comparing, the EPS for the same quarter last year was $0.45, so current EPS means a gain of 117.78%. Revenue exploded a 30.00% on an annualized basis in the , from $48.0B to $62.4B last quarter.

    MU ($MU) will host the quarterly earnings call next June. Market forecasts of $1.63, compared to previous quarter that was $0.98.

    Micron performance

    MU performance compared
    Company1m3m6m
    Micron ($MU) -1.20% 12.80% 73.60%

    Important:
    The opinions written in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not know the particular scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for informational reasons only

    MU summary

    Thursday, April 15th, 2021
    Open$91.75
    Close$90.27
    Day range$89.45 - $91.96
    Previous close$90.67
    Session gain-0.44%
    Average true range$4.13
    50d mov avg$88.61
    100d mov avg$81.12
    200d mov avg$65.46
    Earnings dateJune 28th, 2021

    Frequently asked questions

    What is Micron stock symbol?

    Micron Technology, Inc. is a public company trading in the US stock market with the MU symbol

    Is Micron stock a buy or sell?

    Micron received 15 ratings in the last 30 days: 11 bullish, 0 bearish and 3 neutral.

    Will MU go up?

    Micron had different price predictions posted by market analysts in the last 4 weeks setting the target price to $122.73. That is a 35.96% than the last price ($90.27).

    Latest Micron news