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(MLR) Miller Industries complete technical analysis [charts+indicators] | Buy/Sell Miller Industries | (MLR) share price targets

Complete technical analysis of Miller Industries (MLR) by charts plus indicators, forecast predictions and share price targets for Miller Industries (MLR)

Miller Industries trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Miller Industries is 48770

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	39.24	38.75	39.32	38.33	0.888 times
17 Wed Jan 2024	38.68	39.00	39.34	38.59	0.644 times
16 Tue Jan 2024	39.34	39.55	40.03	39.29	0.896 times
12 Fri Jan 2024	39.92	40.02	40.02	39.43	0.654 times
12 Fri Jan 2024	39.92	40.02	40.02	39.43	0.654 times
11 Thu Jan 2024	39.66	39.31	39.72	39.17	0.935 times
10 Wed Jan 2024	39.52	39.51	39.58	38.92	1.507 times
09 Tue Jan 2024	39.47	39.72	40.31	39.39	0.935 times
08 Mon Jan 2024	40.23	40.33	40.62	39.70	1.441 times
05 Fri Jan 2024	40.36	39.70	40.49	39.70	1.53 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.4, but if it comes above 39.4, then a intra day buy could be more profitable.
If you take a sell trade below 39.4, then use 39.4 as stoploss and 37.6 as target. However if you take a buy trade in stock , then use 39.4 as stoploss and 40.84 as target.

Share price targets for Miller Industries (MLR)

Target Type	Value
Downside Target	34.96
Downside Target	35.96
Downside Target	38.33
Upside Target	40.62
Upside Target	40.64
Upside Target	41.50
Upside Target	42.13
Upside Target	42.27
Upside Target	42.60
Upside Target	43.50

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	38.37
Downside Intraday Target	37.5
Upside Intraday Target	40.07
Upside Intraday Target	40.9
Downside Intraday Target	39.2

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	39.24	39.55	40.03	38.33	3.712 times
12 Fri Jan 2024	39.92	40.02	40.02	39.43	0.12 times
12 Fri Jan 2024	39.92	40.33	40.62	38.92	1.313 times
05 Fri Jan 2024	40.36	42.27	42.27	39.70	4.761 times
29 Fri Dec 2023	42.29	42.30	42.60	42.13	0.219 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Miller Industries (MLR)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	39.24	42.27	42.27	38.33	0.503 times
29 Fri Dec 2023	42.29	39.71	43.50	38.96	2.191 times
30 Thu Nov 2023	39.74	36.33	41.50	35.96	1.06 times
31 Tue Oct 2023	36.37	38.91	39.98	34.96	1.145 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Miller Industries (MLR)

Price action analysis of Miller Industries ( (MLR) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Miller Industries ( (MLR) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Miller Industries ( (MLR) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Miller Industries ( (MLR) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Miller Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Miller Industries in short term and the sell signal is strong.

Miller Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Miller Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Miller Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.71 and Miller Industries (MLR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Miller Industries (MLR) stock. Volume based technical analysis of Miller Industries (MLR) stock is negative.

Miller Industries Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.