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Saturday, September 25, 2021

Micron Technology, Inc. (NASDAQ:MU) Long-Term Bullish Potential

$MU #USA #Nasdaq #Stocks #Semiconductors #ShayneHeffernan #Buy

Multiple Shots, One Perfect Memory

Micron Technology
Price: $49.14
Recommendation: Buy
Target Price: $63.52

Company News

5G cellular technology, already available in some places, promises movie downloads in the blink of an eye and speed-of-thought connectivity to make our computers, appliances, cities, and cars nearly as smart as we are. 5G coupled with ever-advancing edge devices could enable factories to run themselves while also allowing the smartphones in our pockets or handbags to capture and edit photos that rival professional photographers’ in quality. 5G promises to broaden our horizons in ways we haven’t yet imagined.

“5G is going to change the world,” Micron Senior Vice President Raj Talluri says in this forward-looking panel. “It’s going to change the way we experience technology.”

Watch the video to hear Ericsson’s Vice President and CTO Noel Kenehan, Microsoft’s Senior Principal of 5G Connectivity PM Group Rokeya Jones, and Qualcomm’s Senior Director of Technical Marketing Rasmus Hellberg, Ph.D., share their thoughts on what 5G will mean for technology itself, for business and industry and for daily life.

Some of their insights may surprise you. Jones, for instance, predicts that simply using our devices will someday add money to our bank accounts.

Of course, moderator Talluri points out, when videoconferencing first emerged, few in the industry predicted that it would ever be a thing.

“We’re in the tech business, not the prediction business,” he says with a grin. In the absence of a crystal ball, though, who better than tech innovators to see where technology will take us?

Tune in to share these experts’ vision of the 5G-enabled future, including what would surprise them in the years ahead.

Shayne Heffernan Trade Idea

“Our current price target of Micron Technology will come in around $63.52 giving the stock a price increase of +29.52%.”

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 54.38.

The projected lower bound is: 44.05.

The projected closing price is: 49.21.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 37.8358. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.05. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 72 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -76. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 10 period(s) ago.

Rex Takasugi – TD Profile

MICRON TECH closed up 0.655 at 49.145. Volume was 14% below average (neutral) and Bollinger Bands were 41% narrower than normal.

Open    High     Low     Close     Volume
48.690  49.150   47.580  49.145    24,666,248
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period     50-period       200-period
Close:           49.94         47.56           48.91
Volatility:      37            70              76
Volume:          19,125,474    23,888,516      24,907,706

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


MICRON TECH is currently 0.5% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.

Our volume indicators reflect volume flowing into and out of MU.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on MU.O and have had this outlook for the last 18 periods.

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