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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 2024-02-02 View latest technical analysis

10 day averaged volume of Miller Industries is 46200

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	40.76	40.59	41.07	40.29	1.058 times
01 Thu Feb 2024	40.84	40.39	40.93	40.07	0.866 times
31 Wed Jan 2024	40.25	41.16	41.24	40.24	1.238 times
30 Tue Jan 2024	41.10	41.38	41.81	40.98	1.13 times
29 Mon Jan 2024	41.52	41.09	41.54	40.33	0.978 times
26 Fri Jan 2024	41.19	41.64	41.81	41.17	0.812 times
25 Thu Jan 2024	41.33	40.96	41.46	40.90	1.6 times
24 Wed Jan 2024	40.54	40.72	40.84	40.25	0.554 times
23 Tue Jan 2024	40.30	40.59	40.64	40.00	1.019 times
22 Mon Jan 2024	40.21	39.57	40.31	39.49	1.037 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40.9 as stoploss in an intra day sell trade for a target of 40.17. However, stock will show a bullish move above 40.9.

Share price targets for Miller Industries (MLR)

Target Type	Value
Downside Target	34.96
Downside Target	35.96
Downside Target	38.33
Downside Target	40.07
Downside Target	40.62
Upside Target	41.07
Upside Target	41.50
Upside Target	41.81
Upside Target	42.27
Upside Target	43.50

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	39.95
Downside Intraday Target	39.14
Upside Intraday Target	41.69
Upside Intraday Target	42.62
Upside Intraday Target	40.88

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	40.76	41.09	41.81	40.07	1.05 times
26 Fri Jan 2024	41.19	39.57	41.81	39.49	1.508 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

Price has moved down 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
02 Fri Feb 2024	40.76	40.39	41.07	40.07	0.085 times
31 Wed Jan 2024	40.25	42.27	42.27	38.33	0.845 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

Scroll below to view daily charts

Price has moved up 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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

Miller Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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

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 40.82 and Miller Industries (MLR) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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