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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 2024-07-09 View latest technical analysis

10 day averaged volume of Miller Industries is 94300

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	54.08	54.34	54.48	53.70	0.479 times
08 Mon Jul 2024	54.57	53.72	54.61	53.72	0.76 times
05 Fri Jul 2024	53.35	54.23	54.43	53.03	0.967 times
03 Wed Jul 2024	54.68	54.41	55.10	54.29	0.379 times
03 Wed Jul 2024	54.68	54.41	55.10	54.29	0.379 times
02 Tue Jul 2024	54.40	54.24	54.85	53.72	0.917 times
01 Mon Jul 2024	54.24	54.99	55.28	54.16	1.119 times
28 Fri Jun 2024	55.02	55.00	56.12	54.71	3.228 times
27 Thu Jun 2024	55.29	55.86	56.04	55.11	0.674 times
26 Wed Jun 2024	55.49	55.45	55.91	54.31	0.865 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.4, but if it comes above 54.4, then a intra day buy could be more profitable.
If you take a sell trade below 54.4, then use 54.4 as stoploss and 52.5 as target. However if you take a buy trade in stock , then use 54.4 as stoploss and 55.91 as target.

Share price targets for Miller Industries (MLR)

Target Type	Value
Downside Target	44.54
Downside Target	48.34
Downside Target	51.37
Downside Target	53.03
Upside Target	55.10
Upside Target	55.28
Upside Target	55.86
Upside Target	58.01
Upside Target	58.21
Upside Target	61.52
Upside Target	61.87

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	53.65
Downside Intraday Target	53.22
Upside Intraday Target	54.56
Upside Intraday Target	55.04
Upside Intraday Target	54.13

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	54.08	53.72	54.61	53.70	0.921 times
05 Fri Jul 2024	53.35	54.41	55.10	53.03	0.557 times
03 Wed Jul 2024	54.68	54.99	55.28	53.72	0.375 times
28 Fri Jun 2024	55.02	56.31	58.01	54.31	1.418 times
21 Fri Jun 2024	56.00	58.21	58.21	55.86	2.619 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
09 Tue Jul 2024	54.08	54.99	55.28	53.03	0.257 times
28 Fri Jun 2024	55.02	61.28	61.52	54.31	1.112 times
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

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 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 coming down

CCI has generated a SELL signal for Miller Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 54.66 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 negative.

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