Mu stock price prediction this November

Micron Technology (MU) Stock Price Prediction for November: The forecast price for MU at the end of November, 2024, is $141.18.

1. Current Price and Recent Performance:
   • The closing price of MU on October 18, 2024, was $111.15.
   • The stock's 5-Day, 10-Day, and 20-Day moving averages are $109.02, $103.68, and $106.49, respectively.
   • The 1-week percentage change is -0.8%, and the 1-month percentage change is 24.54%.
2. Market Sentiment and Analysts' Ratings:
   • The consensus rating for MU is a "Strong Buy" with an average price target of $141.18.
   • Morningstar maintains a fair value estimate of $110 for MU, indicating a potential upside based on the current market price.
3. Technical Indicators:
   • MU is currently trading below its 5-Day, 10-Day, and 20-Day moving averages, which could indicate a short-term downward trend.
   • However, the 1-month percentage change is positive, suggesting some investor confidence in the stock's longer-term prospects.
4. Forecast Price Trends:
   • The forecast price for MU shows a significant increase from $110.36 to $141.18 by the end of November.
   • This suggests that while there may be some short-term volatility, the stock is expected to experience a substantial rise in value over the course of the month.

In conclusion, the stock price prediction for Micron Technology (MU) for November 2024 is a significant increase from the current closing price to $141.18 by the end of the month, based on the forecast price data and positive analyst ratings. However, investors should monitor the stock's performance relative to its moving averages and the impact of any upcoming earnings report on November 25, 2024, which may influence the stock's trajectory.