MU price prediction tomorrow

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.

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.

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.

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.