Micron Technology Stock Technical Analysis
| MU Stock | USD 111.93 4.40 3.78% |
As of the 19th of April, Micron Technology secures the Mean Deviation of 2.09, risk adjusted performance of 0.1042, and Downside Deviation of 2.43. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Micron Technology, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We are able to break down and analyze data for nineteen technical drivers for Micron Technology, which can be compared to its peers in the industry. Please verify Micron Technology mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Micron Technology is priced some-what accurately, providing market reflects its recent price of 111.93 per share. Given that Micron Technology has jensen alpha of 0.3649, we recommend you to check Micron Technology's last-minute market performance to make sure the company can sustain itself at a future point.
Micron Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Micron, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MicronMicron |
Micron Technology Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 73.98 | Strong Buy | 38 | Odds |
Most Micron analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Micron stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Micron Technology, talking to its executives and customers, or listening to Micron conference calls.
Micron Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Micron Technology Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Micron Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Micron Technology Trend Analysis
Use this graph to draw trend lines for Micron Technology. You can use it to identify possible trend reversals for Micron Technology as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Micron Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Micron Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Micron Technology applied against its price change over selected period. The best fit line has a slop of 0.78 , which suggests that Micron Technology will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 22734.24, which is the sum of squared deviations for the predicted Micron Technology price change compared to its average price change.About Micron Technology Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Micron Technology on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Micron Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Micron Technology price pattern first instead of the macroeconomic environment surrounding Micron Technology. By analyzing Micron Technology's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Micron Technology's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Micron Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006593 | 0.005934 | 0.005637 | Price To Sales Ratio | 4.92 | 5.66 | 5.94 |
Micron Technology April 19, 2024 Technical Indicators
Most technical analysis of Micron help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Micron from various momentum indicators to cycle indicators. When you analyze Micron charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1042 | |||
| Market Risk Adjusted Performance | 0.2937 | |||
| Mean Deviation | 2.09 | |||
| Semi Deviation | 2.02 | |||
| Downside Deviation | 2.43 | |||
| Coefficient Of Variation | 642.39 | |||
| Standard Deviation | 3.02 | |||
| Variance | 9.11 | |||
| Information Ratio | 0.1329 | |||
| Jensen Alpha | 0.3649 | |||
| Total Risk Alpha | 0.1737 | |||
| Sortino Ratio | 0.1654 | |||
| Treynor Ratio | 0.2837 | |||
| Maximum Drawdown | 18.59 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.43 | |||
| Downside Variance | 5.89 | |||
| Semi Variance | 4.07 | |||
| Expected Short fall | (2.30) | |||
| Skewness | 1.46 | |||
| Kurtosis | 5.34 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Micron Stock analysis
When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.
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Is Micron Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Micron Technology. If investors know Micron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Micron Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.43) | Dividend Share 0.46 | Earnings Share (3.43) | Revenue Per Share 16.67 | Quarterly Revenue Growth 0.577 |
The market value of Micron Technology is measured differently than its book value, which is the value of Micron that is recorded on the company's balance sheet. Investors also form their own opinion of Micron Technology's value that differs from its market value or its book value, called intrinsic value, which is Micron Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Micron Technology's market value can be influenced by many factors that don't directly affect Micron Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Micron Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Micron Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Micron Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.