Why Micron Technology, Inc. ($MU) Is Doing What It’s Doing (2019-11-08)

REPORTING FOR 2019-11-08 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MU has been trading over the last 2 weeks and the past day especially. On its latest session, Micron Technology, Inc. ($MU) opened at 48.15, reaching a high of 48.3 and a low of 47.105 before closing at a price of 47.68. There was a total volume of 20723747.

VOLUME INDICATORS FOR MICRON TECHNOLOGY, INC. ($MU): We saw an accumulation-distribution index of -168.47971, an on-balance volume of 48.68, chaikin money flow of 14.93333 and a force index of 4.09695. There was an ease of movement rating of -0.00297, a volume-price trend of 3.59763 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR MICRON TECHNOLOGY, INC. ($MU): We noted an average true range of 0.90791, bolinger bands of 49.98589, an upper bollinger band of 45.72911, lower bollinger band of 47.105, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 47.85167, high band keltner channel of 47.70167, low band keltner channel of 48.00167, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 47.105, a donchian channel low band of 47.105, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR MICRON TECHNOLOGY, INC. ($MU): We calculated a Moving Average Convergence Divergence (MACD) of 0.03377, a MACD signal of 0.01876, a MACD difference of 0.01501, a fast Exponential Moving Average (EMA) indicator of 47.105, a slow Exponential Moving Average (EMA) indicator of 47.105, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.28317, a trix of 3.61521, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -3.37433, a KST Oscillator (KST) of 77.16173 and a KST Oscillator (KST Signal) of 77.16173 (leaving a KST difference of 8.6038). We also found an Ichimoku rating of 48.225, an Ichimoku B rating of 48.225, a Ichimoku visual trend A of 45.70432, an Ichimoku visual trend B of 46.46997, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR MICRON TECHNOLOGY, INC. ($MU): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 76.3539, a stochastic oscillator of 796.66667, a stochastic oscillator signal of 796.66667, a Williams %R rating of 696.66667 and an awesome oscillator of 0.06867.

RETURNS FOR MICRON TECHNOLOGY, INC. ($MU): There was a daily return of 7.71617, a daily log return of 3.14501 and a cumulative return of 3.19499.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-08 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Micron Technology, Inc. ($MU)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Micron Technology, Inc. ($MU) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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