{"id":5645,"date":"2026-09-08T15:16:13","date_gmt":"2026-09-08T15:16:13","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5645"},"modified":"2026-09-08T15:16:13","modified_gmt":"2026-09-08T15:16:13","slug":"micron-stock-a-coiled-spring-ready-to-pounce-ahead-of-earnings","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5645","title":{"rendered":"Micron stock: a coiled spring ready to pounce ahead of earnings?"},"content":{"rendered":"
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Micron stock has staged a strong recovery this week, reaching near its highest level since July 2nd this year. <\/p>\n

MU jumped to $1,016, up by nearly 40% from its lowest level in July, and technical and fundamental factors suggest further upside.<\/p>\n

Micron stock technical analysis<\/h2>\n

The daily chart shows that the MU stock has been in a strong rebound in the past few days, rising from a low of $736 in July to the current $1,016.<\/p>\n

This rebound has coincided with that of other memory companies like SanDisk, Samsung Electronics, and SK Hynix<\/a>.<\/p>\n

The stock remains above the ascending trendline that links the lowest levels since August 6 of this year. <\/p>\n

It has remained above the 50-day Exponential Moving Average (EMA), which has provided it with substantial support.<\/p>\n

The Relative Strength Index (RSI) has jumped to 60, its highest level since June 29 this year. <\/p>\n

This is a sign that the stock is gaining momentum as investors buy the recent dip. <\/p>\n

It has remained above the Ichimoku cloud and the Supertrend indicator. <\/p>\n

Therefore, there is a likelihood that the stock will continue rising as bulls target the next key resistance level of $1,253, its highest level this year. <\/p>\n

This target is about 22% above the current level. A move above that level will point to more gains.<\/p>\n

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MU stock chart | Source: TradingView<\/em><\/p>\n

Micron is firing on all cylinders this year<\/h2>\n

Micron is a top company in the high-bandwidth memory (HBM) industry, where it competes with top firms like SK Hynix and Samsung Electronics. <\/p>\n

The company\u2019s business is firing on all cylinders as the artificial intelligence boom continues. <\/p>\n

Just recently, its top clients like Nvidia, AMD, Google, and Amazon published strong financial results and boosted their forward guidance. <\/p>\n

These numbers suggested that the companies will continue buying from Micron in the near term.<\/p>\n

Micron\u2019s last financial results showed that its growth accelerated in the third quarter, reaching $41.5 billion. <\/p>\n

Revenue increased 74% from the second quarter and 346% from the same period a year earlier.<\/p>\n

The company\u2019s management believes that this growth will continue in the foreseeable future, with the fourth quarter rising to over $50 billion. <\/p>\n

And this growth is expected in the coming years, with its revenue expected to hit $242 billion next year. <\/p>\n

The company is benefiting from the rising demand for memory chips and the fact that the supply remains tight. <\/p>\n

While Micron, Samsung, and SK Hynix are expanding their capacity<\/a>, this supply will come online in the next few years.<\/p>\n

Most importantly, there are signs that Micron is highly undervalued, with its forward price-to-earnings ratio being 13.85. In contrast, the S&P 500 Index has a multiple of 19.9, while the technology sector has a multiple of 22. Its Rule-of-40 multiple is even better.<\/p>\n

The revenue and profitability growth, coupled with its valuation, explains why analysts are highly bullish on the company. <\/p>\n

Data shows that the average target among analysts is $1,295, up by 27% from the current level. <\/p>\n

The next important catalyst for Micron shares will be the upcoming earnings later this month. Analysts expect these numbers to show that its revenue jumped to over $50 billion during the quarter.<\/p>\n

READ MORE: Micron stock analysis as the AI Bubble Index sinks to a four-month low <\/a><\/p>\n

The post Micron stock: a coiled spring ready to pounce ahead of earnings?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Micron stock has staged a strong recovery this week, reaching near its highest level since July 2nd this year. MU jumped to $1,016, up by nearly 40% from its lowest level in July, and technical and fundamental factors suggest further upside.Micron stock technical analysisThe daily chart shows that the MU stock has been in a…<\/p>\n","protected":false},"author":1,"featured_media":5646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5645"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5646"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}