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Stock Charts AI Power Rank: 1.3
Power Rank trend -> Falling
07/26/2024 16:29:00 EST
Micron Technology Inc (MU)
Industry: Semiconductors
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MU has been trading in a range between $136.70 and $114.25 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Micron Technology Inc $MU entered a Red zone 10 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $73.98, a potential down side of -32.4% from the recent price of 109.44. The stock is trading 43.82% (potential upside) below its 52 week high of $157.40 and 78.1 % (potential downside) above its 52 week low of $61.45 - based on the recent price.
Company Summary
Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.
News
| Goldilocks US Economy to Boost Stock Price of ANET, QCOM, MU Steady economic growth amid easing inflationary pressure bodes well for Arista Networks (ANET), QUALCOMM (QCOM) and Micron Technology (MU). Source: Zacks Investment Research Fri, 26 Jul 2024 15:45:24 -0400 Sentiment: Positive |
| Micron (MU) Upgraded to Strong Buy: What Does It Mean for the Stock? Micron (MU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). Source: Zacks Investment Research Fri, 26 Jul 2024 13:01:07 -0400 Sentiment: Positive |
| Buy These Hot Tech Stocks Now Technological innovation is reshaping just about everything we do. Source: 24/7 Wall Street Fri, 26 Jul 2024 10:52:24 -0400 Sentiment: Positive |
| Are Computer and Technology Stocks Lagging Micron Technology (MU) This Year? Here is how Micron (MU) and Infosys (INFY) have performed compared to their sector so far this year. Source: Zacks Investment Research Fri, 26 Jul 2024 10:41:25 -0400 Sentiment: Negative |
| 3 Promising Semiconductor Stocks to Scoop Up in July 2024 Semiconductor stocks are about to take off in a big way! The semiconductor sector is poised for an exciting resurgence in 2024, powered by advances in artificial intelligence (AI). Source: InvestorPlace Thu, 25 Jul 2024 06:38:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 157.3973 52 Week Low: 61.4516 Beta: 1.179 50 Day MA: 130.2354 200 Day MA: 100.4433 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.432 Qtr Revenue Growth YOY: 0.815 Forward PE: 333.3333 Trailing PE: 0