Micron Technology bobbled around today only ended up 0.89% since yesterday.
It looks like Micron Technology isn't currently at a very decisive point in regards to support/resistance levels. MU has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. MU might find some support at the 99.88 level, buyers might push the price back up from here. But it's not very clear what will happen.
The analysts feel fairly neutral on the prospects for Micron Technology but a little more positive than negative. The current Analysts Sentiment Score is 21.89. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-03-12 there was confirmation of the previous rating by Wedbush which was Outperform and also increased their price target by 8.42% to $103.00. Stifel Nicolaus upgraded from Hold to Buy on 2024-03-07 and also increased their price target by 50% to $120.00. Mizuho gave a boost to their price target and moved to $105.00 from $100.00 on 2024-03-01. KeyCorp reiterated a rating of Overweight on 2024-01-31. Cantor Fitzgerald announced that they are initiating coverage with a rating of Overweight on 2024-01-23 and they set their price target at $100.00.Raymond James gave a boost to their price target and moved to $100.00 from $90.00 on 2024-01-19. Piper Sandler upgraded from Neutral to Overweight on 2024-01-04 and moved up their price target to $95.00 which is a 35.71% increase. On 2023-12-21 Citigroup increased their price target by 7.95% to $95.00. Bank of America gave a boost to their price target and moved to $100.00 from $95.00 on 2023-12-21. Needham & Company LLC boosted their price targ by 17.65% to $100.00 on 2023-12-21.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| MU | 21.89 | 24.2 | 0 | 19.59 | 0 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| MU | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| MU | 1.67 | %1.9 | 1.6 | -5.544 | 20980000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Semiconductors | 60 | 1.03 | -1.44 | -3.77 | -1.92 | -9.01 | 6.74 | 42.32 | -14.21 | -7.01 | -7.62 | -21443.95 | -5439.96 | 4.17 | 0.00 | 4.97 | 7.54 |
| Technology | 290 | 0.52 | -0.61 | 3.36 | 7.25 | 8.96 | 27.26 | 60.67 | 29.61 | 15.28 | 17.30 | -11476.67 | -16920.96 | 15.43 | 1.98 | 4.57 | 6.23 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| MU |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | Applied Materials Inc | 1.5 | 0.70 | -8.34 | -7.22 | -11.61 | -21.78 | 14.23 | 45 | -9.28 | -5.60 | -2.31 | -7384.52 | -8.32 | 0 | 0 | 3.25248 |
| KLAC | KLA Corporation Common St | 1.34 | 0.76 | 1.15 | -7.66 | -21.90 | -20.22 | 12.15 | 36 | -8.41 | -5.62 | -1.44 | -9409.75 | 196.50 | 0 | 0 | 2.6962 |
| SWKS | Skyworks Solutions Inc | 1.34 | -0.16 | -0.68 | -12.25 | -21.83 | -8.53 | -10.94 | 25 | -37.98 | -10.01 | -14.96 | -24409.40 | 0.00 | 0 | 0 | 2.19645 |
| MCHP | Microchip Technology Inc | 1.33 | 1.34 | 4.99 | -13.49 | -18.50 | -32.82 | -19.97 | 13 | -55.34 | -29.94 | -21.59 | -28765.07 | 0.00 | 0 | 0 | 3.57319 |
| ACLS | Axcelis Technologies Inc | 1.31 | 1.07 | -9.96 | -21.05 | -34.87 | -35.02 | -44.18 | 23 | -144.39 | -29.83 | -47.45 | -38948.54 | 0.00 | 0 | 0 | 3.85168 |
| NXPI | NXP Semiconductors N.V. | 1.31 | 0.83 | 2.36 | -8.63 | -10.70 | -19.84 | 11.32 | 32 | -13.89 | -6.96 | -7.39 | -8419.44 | 185.46 | 0 | 0 | 2.10844 |
| DIOD | Diodes Inc | 1.28 | 1.19 | 6.11 | -13.00 | -19.21 | -23.54 | -18.07 | 35 | -31.12 | -17.30 | -23.60 | -29408.25 | 0.00 | 0 | 0 | 3.13254 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
