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Stock Trend Analysis Report
Prepared for you on Saturday, September 7, 2024.
Micron Technology, Inc. (NASDAQ:MU)
Long-Term Downtrend (-90) - MU is in a strong downtrend that is likely to continue. While MU is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MU?
MarketClub looks at technical strength and momentum to determine if the timing is right for MU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MU
The long-term trend has been DOWN since Jul 25th, 2024 at 105.72
The intermediate-term trend has been DOWN since Jul 1st, 2024 at 129.71
The short-term trend has been DOWN since Aug 22nd, 2024 at 104.76
Smart Scan Analysis for MU
Based on our trend formula, MU is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 89.370 | 89.650 | 85.260 | 86.355 | -3.035 |
| Prev. Close | Volume | Bid | Ask | Time |
| 86.380 | 17938064 | 2024-09-06 15:59:42 |
| Year High | 64.66 | Year High Date | 2018-05-30 |
| Year Low | 33.82 | Year Low Date | 2018-10-29 |
| 52wk High | 157.535 | 52wk High Date | 2024-06-18 |
| 52wk Low | 63.83 | 52wk Low Date | 2023-09-28 |
| Year End Close | 6.34 | Average Volume | 20,689,698 |
| Shares Outstanding | 1,108,841 | Short Interest | 56,767,312 |
| % Institutional | 74.4 | Market Cap | 55,719M |
| Assets | 662,550,000M | Liabilities | 220,300,000M |
| P/E Ratio | 45.6241 | Beta | 1.68 |
| Volatility | 54.82 |