💾 Memory stocks down 28% from highs but AI demand hasn't slowed — disconnect or warning?
Micron at $868.52 (+0.87%) in a downtrend. RSI 47 (neutral), declining volume (0.63x average). Price below SMA5 ($876), SMA20 ($879), and far below SMA50 ($968). 3-month range: $681-$1,214.
📊 Technical Snapshot:
• Trend: Downtrend with neutral RSI
• Volume: Declining — sellers losing steam
• Key Support: $762 | Key Resistance: $1,088
📌 Why Watch This?
HBM demand for AI is accelerating. Micron's HBM3E is sold out through 2025. Yet the stock trades 28% below recent highs. Either the market sees something we don't, or this is a value opportunity before Q3 earnings.
The gap between memory fundamentals (strong) and price action (weak) creates a potential entry — but respect the downtrend until it breaks.
💬 Is Micron a value buy at these levels or is the downtrend telling us something fundamentals haven't caught up to?
#Micron #Semiconductors #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research. Past performance does not guarantee future results.
Micron at $868.52 (+0.87%) in a downtrend. RSI 47 (neutral), declining volume (0.63x average). Price below SMA5 ($876), SMA20 ($879), and far below SMA50 ($968). 3-month range: $681-$1,214.
📊 Technical Snapshot:
• Trend: Downtrend with neutral RSI
• Volume: Declining — sellers losing steam
• Key Support: $762 | Key Resistance: $1,088
📌 Why Watch This?
HBM demand for AI is accelerating. Micron's HBM3E is sold out through 2025. Yet the stock trades 28% below recent highs. Either the market sees something we don't, or this is a value opportunity before Q3 earnings.
The gap between memory fundamentals (strong) and price action (weak) creates a potential entry — but respect the downtrend until it breaks.
💬 Is Micron a value buy at these levels or is the downtrend telling us something fundamentals haven't caught up to?
#Micron #Semiconductors #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research. Past performance does not guarantee future results.