Tickeron's Month-Long Run: 5.51% Growth for MU from Robot Factory
Swing Trader: Deep Trend Analysis v.2 (TA), an AI trading robot, has proven to be one of the top performers in our robot factory. Over the previous month, it achieved a remarkable gain of 5.51% while trading MU. In this article, we will explore the recent bullish signal generated by MU's Aroon Indicator on May 26, 2023, and delve into the analysis conducted by Tickeron's A.I.dvisor. Additionally, we will discuss MU's latest earnings report and its potential impact on the market.
Bullish Signal Detected by Aroon Indicator: Tickeron's A.I.dvisor utilized the Aroon Indicator to identify a bullish signal for MU. The AroonUp green line is currently above 70, indicating a strong upward trend, while the AroonDown red line remains below 30, indicating a weak downward trend. This combination suggests that MU may be primed for a bullish move.
Historical Analysis: To validate the significance of this pattern, A.I.dvisor examined 227 instances where the Aroon Indicator exhibited a similar configuration. In 171 out of these 227 cases, the stock price moved higher in the following days. This historical analysis reveals a success rate of approximately 75%, indicating favorable odds for a potential upward movement in MU's stock.
Implications for Traders: Based on the bullish Aroon Indicator signal and the historical analysis, traders may consider two possible strategies. Firstly, they could opt to buy MU's stock, anticipating a potential price increase. Alternatively, traders might explore the purchase of call options, which provide the right to buy the stock at a predetermined price within a specified timeframe. Both approaches align with the expected bullish move indicated by the Aroon Indicator.
Earnings Report Analysis: MU's most recent earnings report, released on March 28, displayed earnings per share of -190 cents, missing the estimate of -66 cents. The reported loss was higher than anticipated, which may have impacted investor sentiment. With 33.28 million shares outstanding, MU's current market capitalization stands at 80.91 billion dollars.
Swing Trader: Deep Trend Analysis v.2 (TA) has proven its effectiveness in generating gains, with a notable 5.51% increase while trading MU over the previous month. The Aroon Indicator, as detected by Tickeron's A.I.dvisor, has signaled a potential bullish move for MU, with the odds of a higher stock price estimated at 75% based on historical analysis.
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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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