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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 2024-01-25 View latest technical analysis

10 day averaged volume of Miller Industries is 38380

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	41.33	40.96	41.46	40.90	1.925 times
24 Wed Jan 2024	40.54	40.72	40.84	40.25	0.667 times
23 Tue Jan 2024	40.30	40.59	40.64	40.00	1.227 times
22 Mon Jan 2024	40.21	39.57	40.31	39.49	1.248 times
19 Fri Jan 2024	39.34	39.32	39.49	38.61	0.922 times
18 Thu Jan 2024	39.24	38.75	39.32	38.33	1.128 times
17 Wed Jan 2024	38.68	39.00	39.34	38.59	0.818 times
16 Tue Jan 2024	39.34	39.55	40.03	39.29	1.139 times
12 Fri Jan 2024	39.92	40.02	40.02	39.43	0.831 times
12 Fri Jan 2024	39.92	40.02	40.02	39.43	0.831 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.2, but if it comes below 41.2, then a intra day sell could be more profitable.
If you take a sell trade below 41.2, then use 41.2 as stoploss and 40.23 as target. However if you take a buy trade in stock , then use 41.2 as stoploss and 42.3 as target.

Share price targets for Miller Industries (MLR)

Target Type	Value
Downside Target	34.96
Downside Target	35.96
Downside Target	38.33
Downside Target	40.03
Downside Target	40.62
Downside Target	40.64
Upside Target	41.46
Upside Target	41.50
Upside Target	42.27
Upside Target	43.50

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	40.06
Downside Intraday Target	38.79
Upside Intraday Target	42.03
Upside Intraday Target	42.73
Downside Intraday Target	40.76

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	41.33	39.57	41.46	39.49	1.265 times
19 Fri Jan 2024	39.34	39.55	40.03	38.33	4.821 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

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

Monthly technical analysis of Miller Industries (MLR)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	41.33	42.27	42.27	38.33	0.689 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 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.

Price action analysis of Miller Industries ( (MLR) ) based on a short to mid 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.

Price action analysis of Miller Industries ( (MLR) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a BUY signal for Miller Industries in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Miller Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Miller Industries in short term and BUY signal is strong.

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 40.01 and Miller Industries (MLR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.