DA Davidson lifts Micron price target to $3000 on AI memory demand
DA Davidson raised its price target for Micron to $3,000, citing growing demand for AI memory.
The current price is situated between the support level of $902.60 and the resistance level of $1108.72. Considering the positive outlook for AI memory demand and the significant potential for further upside upon breaking the resistance level, entry will be considered.
If the price breaks above the 20-day high resistance level from the current price and rises, I will take profit at $1,108.72, and if the stock price drops and breaks below the $902.60 support level, I will cut losses.
At the entry point, the technical indicators are as follows: RSI(14) at 68.2, moving averages in a bullish alignment (short-term above long-term), volume at 0.85x the 20-day average, and a -3.4% volatility rate over the past 7 days.
In past historical data, this stock demonstrated price reactions of +2.3% on 2026-10-05 and -0.9% on 2026-10-01, among others.
Initially attempting an entry based on news of expanding AI memory demand and upward target price adjustments, expecting to break the 20-day high resistance line, the actual result was a -12.6% return, reaching the stop-loss price of $902.60 and receiving a Failed judgment. At the time of entry, the RSI(14) was 68.2, indicating a somewhat elevated phase; despite the asset already facing downward pressure from adjustments over the past seven days, failing to adequately assess this situation proved decisive. Additionally, despite trading volume being only 0.85 times the 20-day average—having contracted somewhat—the rush to buy based on a single positive news item was the cause of the misjudgment.
Through this trade, I have reconfirmed that positive-impact news and upward target reports do not always correlate with short-term price increases. In future trades, I will apply stricter criteria based on technical indicators—specifically whether trading volume falls below the 20-day average and short-term volatility such as a -3.4% decline trend—and if positive news exists without support from price levels or trading volume, I will adopt a conservative stance by deferring entry or reducing position size.