MU stock chart trend. support and resistant and price production for tomorrow

**Micron Technology (MU) stock exhibits a bullish trend with strong support and resistance levels.** Here's a detailed analysis:

1. **Trend Analysis**:
- The stock's 5-day average is $127.96, and the 12-day average is $128.55, indicating a short-term upward trend.
- The 50-day average is $121.35, and the 100-day average is $105.82, suggesting a longer-term upward trend.
- The Moving Average Convergence Divergence (MACD) is positive at 127.96, with a 3.38 difference, indicating bullish momentum.

|Ticker|Name|50-Day Moving Average|5-Day Moving Average|12-Day Moving Average|100-Day Moving Average|MACD|Date|code|market_code|
|---|---|---|---|---|---|---|---|---|---|
|MU.O|Micron Technology|129.0042|132.6440|136.1000|116.4799|-3.4352|20240708|MU|185|

2. **Support and Resistance Levels**:
- The 1-month low is at $127.27, which could act as a strong support level.
- The 38.2% retracement from the previous high is at $125.51, providing additional support.
- The stock has a Pivot Point 2nd Support Point at $126.99, and a 3rd Support Level at $123.08, both of which are below the current price, indicating a strong support base.
- Resistance levels are at $135.52 and $145.66, with the 1st Resistance Point at $129.30 and the 2nd at $136.99.

3. **Price Production for Tomorrow**:
- The stock's technical indicators suggest a bullish sentiment, with a Relative Strength Index (RSI) of 62, indicating that the stock might rise.
- The Fear & Greed Index is at 39 (Fear), which could imply that the stock is undervalued.
- The stock forecast for tomorrow is $130.17, representing a -1.09% loss, but the overall trend and support levels suggest that this is a conservative estimate.
4. **Conclusion**:
- The combination of bullish technical indicators and strong support levels suggests that MU stock is likely to continue its upward trend.
- However, caution should be exercised as the stock is trading near its 1-month low, and there is a potential for a short-term pullback.
- Investors should consider buying opportunities near the current support levels, with a view on the longer-term upward trend.