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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 2024-02-29 View latest technical analysis

10 day averaged volume of Miller Industries is 44180

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	45.01	44.90	45.50	44.59	1.306 times
28 Wed Feb 2024	44.56	44.11	44.64	44.11	1.064 times
27 Tue Feb 2024	44.49	44.59	44.70	43.71	1.071 times
26 Mon Feb 2024	44.18	43.54	44.65	43.54	1.768 times
23 Fri Feb 2024	43.57	42.73	43.57	42.59	0.867 times
22 Thu Feb 2024	42.65	42.46	42.74	42.36	0.502 times
21 Wed Feb 2024	42.64	42.65	42.65	42.23	0.663 times
20 Tue Feb 2024	42.72	42.92	43.05	42.41	0.912 times
16 Fri Feb 2024	43.20	43.60	43.94	42.83	0.998 times
15 Thu Feb 2024	43.94	42.76	43.95	42.46	1.263 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.2, but if it comes below 44.2, then a intra day sell could be more profitable.
If you take a sell trade below 44.2, then use 44.2 as stoploss and 42.82 as target. However if you take a buy trade in stock , then use 44.2 as stoploss and 45.8 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	39.92
Downside Target	41.50
Downside Target	43.37
Downside Target	43.50
Downside Target	43.54
Downside Target	43.57
Downside Target	44.30
Upside Target	45.50

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	43.87
Downside Intraday Target	42.72
Upside Intraday Target	45.83
Upside Intraday Target	46.64
Downside Intraday Target	44.68

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	45.01	43.54	45.50	43.54	1.769 times
23 Fri Feb 2024	43.57	42.92	43.57	42.23	0.384 times
16 Fri Feb 2024	43.20	43.42	44.30	41.94	1.651 times
09 Fri Feb 2024	43.35	40.61	43.37	39.92	0.844 times
02 Fri Feb 2024	40.76	41.09	41.81	40.07	1.05 times

Price has moved up 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
29 Thu Feb 2024	45.01	40.39	45.50	39.92	0.953 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 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 green color and prices are above the green 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.88 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.