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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 2024-07-12 View latest technical analysis

10 day averaged volume of Miller Industries is 100590

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	57.00	56.44	57.70	55.92	1.534 times
11 Thu Jul 2024	55.60	56.49	57.00	55.52	1.812 times
10 Wed Jul 2024	55.42	54.50	55.62	54.05	0.474 times
09 Tue Jul 2024	54.08	54.34	54.48	53.70	0.449 times
08 Mon Jul 2024	54.57	53.72	54.61	53.72	0.713 times
05 Fri Jul 2024	53.35	54.23	54.43	53.03	0.907 times
03 Wed Jul 2024	54.68	54.41	55.10	54.29	0.355 times
03 Wed Jul 2024	54.68	54.41	55.10	54.29	0.355 times
02 Tue Jul 2024	54.40	54.24	54.85	53.72	0.86 times
01 Mon Jul 2024	54.24	54.99	55.28	54.16	1.049 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.9, but if it comes below 56.9, then a intra day sell could be more profitable.
If you take a sell trade below 56.9, then use 56.9 as stoploss and 55.64 as target. However if you take a buy trade in stock , then use 56.9 as stoploss and 58.5 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
Downside Target	55.28
Downside Target	55.86
Upside Target	57.70
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	54.57
Downside Intraday Target	52.13
Upside Intraday Target	58.57
Upside Intraday Target	60.13
Downside Intraday Target	56.13

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	57.00	53.72	57.70	53.70	3.95 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, 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
12 Fri Jul 2024	57.00	54.99	57.70	53.03	0.466 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 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 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 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 Weak 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 55.07 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 negative.

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