{"id":395450,"date":"2025-09-03T20:37:12","date_gmt":"2025-09-03T20:37:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/395450\/"},"modified":"2025-09-03T20:37:12","modified_gmt":"2025-09-03T20:37:12","slug":"bullish-trendline-could-give-chip-stock-a-boost","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/395450\/","title":{"rendered":"Bullish Trendline Could Give Chip Stock A Boost"},"content":{"rendered":"<p>Micron Technology (MU)<strong> <\/strong>stock is on track for its third-straight daily loss, but still sports a 40.3% year-to-date lead. The security has struggled to conquer its June 26, 52-week high of $129.85, with an early August attempt coming just shy of that peak, though the $110 level stepped in to contain its subsequent pullback. The recent losses have also placed MU near a trendline that has historically yielded bullish returns.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/1756931832_723_960x0.jpg\" alt=\"MU 60 Day\" data-height=\"617\" data-width=\"660\" style=\"position:absolute;top:0\"\/><\/p>\n<p>Digging deeper, the semiconductor stock is within 0.75 of the 50-day trendline&#8217;s 20-day average true range (ATR) after spending at least 80% of the last 10 days and 80% of the last two months above it. Per Schaeffer&#8217;s Senior Quantitative Analyst Rocky White, this has happened seven other times over the past three years, after which the equity was higher one month later 86% of the time, averaging a healthy 5.5% gain. A move of similar magnitude from the stock&#8217;s current perch of $117.97 would put it back at $124.45.<\/p>\n<p>An unwinding of pessimism amongst short-term option traders could help MU keep charging higher. This is per the stock\u2019s Schaeffer&#8217;s put\/call open interest ratio (SOIR) of 1.10, which ranks higher than all other readings from the past year.<\/p>\n<p>Options are now reasonably priced as well. The stock&#8217;s Schaeffer&#8217;s Volatility Index (SVI) of 45% ranks in the low 12th percentile of its annual range, meaning options traders are pricing in low volatility expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"Micron Technology (MU) stock is on track for its third-straight daily loss, but still sports a 40.3% year-to-date&hellip;\n","protected":false},"author":2,"featured_media":395451,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[132614,136694,51,136691,2441,136690,100210,136689,136692,136693,136695,22508,16,15],"class_list":{"0":"post-395450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-best-stocks-to-buy","9":"tag-bullish-stocks","10":"tag-business","11":"tag-chip-stocks","12":"tag-markets","13":"tag-micron-stock","14":"tag-micron-technology","15":"tag-mu-stock","16":"tag-semiconductor-stocks","17":"tag-stocks-for-bulls","18":"tag-stocks-to-watch","19":"tag-tech-stocks","20":"tag-uk","21":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115142291987458649","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/395450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=395450"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/395450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/395451"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=395450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=395450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=395450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}