MU price prediction tomorrow
8/5/2024 00:55am
**Micron Technology (MU) is not expected to experience a significant change in price tomorrow, August 7, 2024.** Here's a detailed analysis based on recent financial data and market forecasts:
1. **Earnings Release and Financial Report**: Micron Technology is scheduled to release its Q3 financial report on June 26, 2024, which is not expected to have a significant impact on the stock price the next day.
|Ticker|Name|Earnings Release Date|Date|code|market_code|
|---|---|---|---|---|---|
|MU.O|Micron Technology|20240320|20240630-20241230|MU|185|
|MU.O|Micron Technology|20240626|20240630-20241230|MU|185|
2. **Short-term Trend Forecast**: The short-term trend for Micron Technology is bearish, with all moving averages declining and the MACD turning negative. This indicates a clear downtrend in the stock.
3. **Moving Averages**: The 5-day, 10-day, and 20-day moving averages for Micron Technology as of August 2, 2024, were $102.89, $107.11, and $117.13, respectively. These indicators suggest a stable stock price with no strong upward or downward trends.
|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|MU.O|Micron Technology|102.8880|117.1340|107.1110|20240802|MU|185|
4. **Recent Price Movement**: Micron Technology has experienced a significant decline, with an 8-week percentage change of -32.25%. This indicates a recent bearish trend, but it does not necessarily predict future price movements.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|MU.O|Micron Technology|-17.475296002848744|20240503-20240802|MU|185|
|MU.O|Micron Technology|-32.24674755152755|20240705-20240802|MU|185|
|MU.O|Micron Technology|-15.272826981080334|20240729-20240802|MU|185|
5. **Analyst Price Targets**: The average analyst price target for Micron Technology is $166.64, with a consensus rating of "Buy". This suggests that analysts have a positive outlook on the stock's long-term potential.
6. **Conclusion**: Based on the available data, it is not likely that Micron Technology's stock price will experience a significant change tomorrow. Investors should monitor the company's earnings report and any significant news or events that could impact the stock's performance.
|Ticker|Name|Percentage Change|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|---|
|MU.O|Micron Technology|-8.6789|92.7|20240802|MU|185|