Micron Technology Daily Balance Of Power

MU -- USA Stock  

Earnings Call  Next Week

Investors can use this prediction interface to forecast Micron Technology historic prices and determine the direction of Micron Technology future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Micron Technology historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Micron Technology systematic risks associated with finding meaningful patterns of Micron Technology fundamentals over time. Please see also Historical Fundamental Analysis of Micron Technology to cross-verify your projections.
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On November 19, 2019 Micron Technology had Daily Balance Of Power of (0.81). Balance of Power indicator (or BOP) measures the strength of Micron Technology market sensitivity to bulls and bears. It estimates the ability of Micron Technology buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Micron Technology Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
(0.14)(0.81)
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Micron Technology Trading Date Momentum

On November 20 2019 Micron Technology was traded for  45.57  at the closing time. The highest price during the trading period was 46.50  and the lowest recorded bid was listed for  45.23 . The volume for the day was 24.3 M. This history from November 20, 2019 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.17% . The trading delta at closing time to the current price is 1.03% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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