MU Weekly Options Trade Plan 2025-06-24

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MU Weekly Analysis Summary (2025-06-24)

Summary of Model Reports

1. Technical Analysis Synthesis

General Sentiment: All models generally agree on a Moderately Bullish outlook for MU. Key Indicators: Moving Averages: Current price ($127.91) is above key moving averages on the 5-minute charts, suggesting bullish momentum. However, the daily chart indicators, particularly the RSI at 87.05, point to an overbought condition. Bollinger Bands: Indications of being at the upper band suggests potential consolidation or a pullback. MACD: Mixed signals from MACD; while bullish on the daily, there is a negative histogram on the 5-minute chart indicating potential weakness.

2. Market Sentiment Integration

VIX: Consistently noted as decreasing and within a normal range, enabling a good environment for bullish trades. This was a common factor across models. News Catalyst: All models highlight positive news surrounding MU’s earnings expectations, reinforcing bullish sentiment. However, the Max Pain theory suggests a potential downward pull toward $119.00, creating a bearish cue.

3. Directional Determination

Consensus: Most reports exhibit a cautious Moderately Bullish sentiment but acknowledge potential for pullback, especially due to high RSI and proximity to resistance levels.