MU stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| Mar 17th, 2021 | |
| Citigroup | Neutral |
| Mar 22nd, 2021 | |
| Cascend Securities | |
| Mar 29th, 2021 | |
| BMO Capital Markets | |
| Rosenblatt Securities | |
| Apr 1st, 2021 | |
| Citigroup | Neutral |
| Cowen | Buy |
| JPMorgan Chase & Co. | Buy |
| Mizuho | |
| Needham & Company LLC | |
| Robert W. Baird | Buy → Neutral |
| Royal Bank of Canada | Buy |
| Susquehanna | Buy |
| Susquehanna Bancshares | Buy |
| The Goldman Sachs Group | |
| Wedbush | Neutral → Buy |
Micron stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
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.
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
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).
| Brokerage firm | Price 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 $0.98.
Micron performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Micron ($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 onlyMU 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 date | June 28th, 2021 |
Frequently asked questions
What is Micron stock symbol?
Is Micron stock a buy or sell?
Will MU go up?
Latest Micron news
- Seeking AlphaMicron: Buy The RallyNov 19, 2020