(MU) Investment Analysis

November 19, 2024, 09:04 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MU

• Buy MU near 92.67 target 115.11 stop loss @ 92.4 Details

The technical summary data tells us to buy MU near 92.67 with an upside target of 115.11. This data also tells us to set a stop loss @ 92.4 to protect against excessive loss in case the stock begins to move against the trade. 92.67 is the first level of support below 96.2 , and by rule, any test of support is a buy signal. In this case, support 92.67 would be being tested, so a buy signal would exist.

• Short MU slightly under 115.11, target 92.67, stop loss @ 115.44 Details

The technical summary data is suggesting a short of MU as it gets near 115.11 with a downside target of 92.67. We should have a stop loss in place at 115.44though. 115.11 is the first level of resistance above 96.2, and by rule, any test of resistance is a short signal. In this case, if resistance 115.11 is being tested, so a short signal would exist.

Swing Trading Plans for MU

• Buy MU slightly over 105.1, target 115.11, Stop Loss @ 104.8 Details

If 105.1 begins to break higher, the technical summary data tells us to buy MU just slightly over 105.1, with an upside target of 115.11. The data also tells us to set a stop loss @ 104.8 in case the stock turns against the trade. 105.1 is the first level of resistance above 96.2, and by rule, any break above resistance is a buy signal. In this case, 105.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MU slightly near 105.1, target 94.68, Stop Loss @ 105.4. Details

The technical summary data is suggesting a short of MU if it tests 105.1 with a downside target of 94.68. We should have a stop loss in place at 105.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 105.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MU

• Buy MU slightly over 96.79, target 105.1, Stop Loss @ 96.56 Details

If 96.79 begins to break higher, the technical summary data tells us to buy MU just slightly over 96.79, with an upside target of 105.1. The data also tells us to set a stop loss @ 96.56 in case the stock turns against the trade. 96.79 is the first level of resistance above 96.2, and by rule, any break above resistance is a buy signal. In this case, 96.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MU slightly near 96.79, target 94.68, Stop Loss @ 97.02. Details

The technical summary data is suggesting a short of MU if it tests 96.79 with a downside target of 94.68. We should have a stop loss in place at 97.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 96.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Micron Technology Inc. (MU) available here: MU.

MU Ratings for November 19:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	92.67
P2	94.49	94.68	115.11
P3	96.79	105.1	139.56

AI Generated Signals for MU

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With an objective approach to Micron Technology Inc. (NYSE: MU), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MU too.  All of these are offered below the Summary Table.