MU stock: buy or sell
Jul 29th, 2021
MU stock brief
- Micron closed on Wednesday at $75.55 after rising a 1.79%.
- From the chart point view, price is drawing an scaled downtrend since last April with lower tops and lower bottoms. this downtrend marked a -22.08% loss.
- 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?
Currently, Micron stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $MU in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Micron stock?
Do you know when is it time to sell Micron stock?. In the same way as when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must follow our own trading strategy. When selling, as well as buying, our setups are very simple to use and are only applicable for selling stocks you already own, not for selling short Micron stock
As a rule of thumb, you should not hold an open trade that leads to higher than expected losses at the time of purchase. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Micron stock?
In the current situation of Micron there is not any eligible sell setup, so Micron stock holders with operations in profit can keep their positions
In the last month we couldn't find any rating for Micron
Micron stock analysis
Micron accumulates a selloff of -22.08% since its latest high last April at $96.96. The stock drew 3 consecutive lower tops.
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on July 19, the price has bounced up by 3.21%
Relative strength index
The has been between the levels of 70 and 30 for many weeks, and therefore, without this indicator really serving to help us make any decisions.
Micron stock price history
Micron went public 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. An investment of thousand dollars on Jun 1984 would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Micron stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.
The following table shows the price predictions published by brokerage institutions over the last 30 days. If you are a small trader you must not buy or sell based on these projections.
We don't have any target price published in the last 30 days for Micron.
Earnings and financials
In late June, Micron ($MU) hosted the earnings event and posted the report. MU beat consensus earnings estimates and reported of $1.88, that is a 9.94% better than expected compared to the initial estimates of $1.71. Despite this, reported revenues of $7.4 billion were in line with analysts forecasts.Same quarter last year, reported EPS was $0.82, so recently posted EPS means a gain of 129.27%. Looking at turnover, figures exploded a 36.48% compared to $54.4B same quarter 12 months ago.
MU ($MU) is hosting the earnings call next September. Market analysts analysts predict of $2.32, that is a 23.40% higher than Q3.
Important:The viewpoints published in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the individual circumstances 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 posted for educative motives only
|Wednesday, July 28th, 2021|
|Day range||$74.38 - $76.01|
|Average true range||$2.50|
|50d mov avg||$79.85|
|100d mov avg||$83.80|
|200d mov avg||$77.43|
|Earnings date||September 27th, 2021|
Frequently asked questions
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Latest Micron news
- Seeking AlphaMicron: Buy The RallyNov 19, 2020