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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 2024-05-31 View latest technical analysis

10 day averaged volume of Miller Industries is 60151

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	60.80	59.85	61.87	59.45	2.175 times
30 Thu May 2024	59.24	57.84	59.52	57.80	0.753 times
29 Wed May 2024	57.77	58.11	58.31	57.21	1.485 times
28 Tue May 2024	59.01	59.71	59.71	58.55	0.988 times
24 Fri May 2024	59.35	58.57	59.43	58.19	0.648 times
23 Thu May 2024	58.53	58.81	58.81	57.95	1.069 times
22 Wed May 2024	58.86	59.23	59.67	58.66	0.705 times
21 Tue May 2024	59.15	59.49	59.49	58.27	1.051 times
20 Mon May 2024	59.79	59.98	60.66	59.45	1.518 times
17 Fri May 2024	59.87	60.03	60.03	59.42	0.796 times

Stock of Miller Industries (MLR) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 60.3, but if it comes below 60.3, then a intra day sell could be more profitable.
If you take a sell trade below 60.3, then use 60.3 as stoploss and 58.18 as target. However if you take a buy trade in stock , then use 60.3 as stoploss and 62.8 as target.

Share price targets for Miller Industries (MLR)

Target Type	Value
Downside Target	38.33
Downside Target	39.92
Downside Target	42.27
Downside Target	44.54
Downside Target	45.50
Downside Target	48.34
Downside Target	51.37
Downside Target	53.30
Downside Target	57.21
Downside Target	60.14
Downside Target	60.66
Downside Target	60.68
Upside Target	61.87

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	58.05
Downside Intraday Target	55.3
Upside Intraday Target	62.71
Upside Intraday Target	64.62
Downside Intraday Target	59.96

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	60.80	59.71	61.87	57.21	1.082 times
24 Fri May 2024	59.35	59.98	60.66	57.95	0.935 times
17 Fri May 2024	59.87	58.14	60.68	57.41	0.716 times
10 Fri May 2024	57.80	53.53	60.14	53.30	1.271 times
03 Fri May 2024	52.97	49.25	53.46	48.34	1.801 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
31 Fri May 2024	60.80	48.36	61.87	48.36	1.374 times
30 Tue Apr 2024	48.71	50.10	53.82	48.34	0.879 times
28 Thu Mar 2024	50.10	45.24	51.37	44.54	1.374 times
29 Thu Feb 2024	45.01	40.39	45.50	39.92	0.953 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Miller Industries ( (MLR) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Miller Industries ( (MLR) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 SELL signal for Miller Industries in short term but the sell 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 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 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 BUY signal in short term and the buying is gaining 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 59.35 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.