Smart Trading: $MU's +8.16% Boost by Trader Robot
One notable platform, "Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA)," has garnered attention for its success in generating a remarkable +8.16% gain while trading MU over the previous week. This article delves into the technical analysis of MU's recent earnings results and the key indicators that influenced the trading strategies of these AI bots.
Aroon Indicator Analysis:
MU's Aroon Indicator triggered a bullish signal on December 08, 2023, catching the eye of traders and AI algorithms alike. The A.I.dvisor from Tickeron identified a bullish setup as the AroonUp green line rose above 70, while the AroonDown red line remained below 30. This configuration signals a potential bullish move, prompting traders to consider buying the stock or exploring call options. A.I.dvisor's analysis of 246 similar instances revealed an 80% success rate in predicting upward movements following this Aroon Indicator pattern.
Earnings Report Overview:
MU's latest earnings report on December 20, 2023, showed earnings per share of -94 cents, surpassing the estimated -100 cents. With 1.62 million shares outstanding, the current market capitalization stands at 83.58 billion. This positive earnings surprise contributes to the overall bullish sentiment surrounding MU.
Dividend Details:
Investors eyeing MU should take note of the upcoming dividend of $0.12 per share, with a record date of January 18, 2024, and an ex-dividend date of December 29, 2023. Understanding the implications of ex-dividend dates is crucial for investors, as purchasing stocks after this date excludes them from the upcoming dividend payout.
Market Capitalization Comparison:
In the Semiconductors Industry, MU holds a market capitalization of 83.58 billion. Comparatively, the average market capitalization in the industry is 30.83 billion, showcasing MU's significant valuation. Notably, NVDA claims the highest valuation at an impressive 1.12 trillion, while CYBL ranks as the lowest valued company at 13.43 thousand.
Price Trends and Notable News:
MU's performance is further contextualized by industry-wide trends. The average weekly price growth across all Semiconductors stocks is 4%, with monthly and quarterly averages at 11% and 4%, respectively. AUKUF stands out with a remarkable 59% price growth, while MOBX experiences a notable -35% fall.
Volume Analysis:
Understanding trading volume is crucial for assessing market activity. Across the Semiconductors Industry, the average weekly volume growth is -15%, while monthly and quarterly averages are 92% and -21%, respectively. These figures highlight the dynamic nature of the industry, with fluctuating trading volumes influencing market dynamics.
Summary:
As Swing Trader bots capitalize on technical and fundamental indicators, the analysis of MU's Aroon Indicator, earnings report, and market trends provides valuable insights for both algorithmic and human traders. This comprehensive overview positions MU within the broader context of the Semiconductors Industry, offering a glimpse into the intricacies of AI-driven trading strategies
MU in upward trend: 10-day moving average moved above 50-day moving average on October 02, 2024
The 10-day moving average for MU crossed bullishly above the 50-day moving average on October 02, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
MU moved above its 50-day moving average on September 26, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MU advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for MU moved out of overbought territory on September 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where MU's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MU as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MU turned negative on October 24, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MU broke above its upper Bollinger Band on October 17, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MU entered a downward trend on September 23, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.548) is normal, around the industry mean (7.487). P/E Ratio (148.157) is within average values for comparable stocks, (58.779). Projected Growth (PEG Ratio) (0.166) is also within normal values, averaging (2.825). MU has a moderately low Dividend Yield (0.004) as compared to the industry average of (0.020). P/S Ratio (4.617) is also within normal values, averaging (43.322).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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Fundamental Analysis Ratings
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General Information
a manufacturer of advanced semiconductor solutions such as DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components and memory modules
Industry Semiconductors