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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 2024-03-20 View latest technical analysis

10 day averaged volume of Miller Industries is 82340

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	48.23	47.39	48.48	47.32	0.587 times
19 Tue Mar 2024	47.67	47.00	47.93	47.00	0.63 times
18 Mon Mar 2024	47.25	47.37	48.08	47.25	0.827 times
15 Fri Mar 2024	47.56	46.84	48.00	46.84	1.518 times
14 Thu Mar 2024	47.39	48.13	48.42	47.01	0.769 times
13 Wed Mar 2024	48.12	48.04	49.00	48.01	0.698 times
12 Tue Mar 2024	48.13	47.53	48.79	47.41	0.619 times
11 Mon Mar 2024	47.77	48.40	48.68	47.72	0.514 times
08 Fri Mar 2024	48.18	49.98	50.19	48.03	1.116 times
07 Thu Mar 2024	49.95	50.45	51.37	48.43	2.256 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 48.2, but if it comes below 48.2, then a intra day sell could be more profitable.
If you take a sell trade below 48.2, then use 48.2 as stoploss and 46.27 as target. However if you take a buy trade in stock , then use 48.2 as stoploss and 50.5 as target.

Share price targets for Miller Industries (MLR)

Target Type	Value
Downside Target	35.96
Downside Target	38.33
Downside Target	39.92
Downside Target	41.50
Downside Target	43.50
Downside Target	44.54
Downside Target	45.50
Downside Target	46.84
Downside Target	47.00
Upside Target	48.48
Upside Target	49.00
Upside Target	51.37

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	47.33
Downside Intraday Target	46.42
Upside Intraday Target	48.81
Upside Intraday Target	49.38
Downside Intraday Target	47.9

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	48.23	47.37	48.48	47.00	0.496 times
15 Fri Mar 2024	47.56	48.40	49.00	46.84	0.741 times
08 Fri Mar 2024	48.18	45.38	51.37	44.54	1.719 times
01 Fri Mar 2024	45.28	43.54	45.54	43.54	2.046 times
23 Fri Feb 2024	43.57	42.92	43.57	42.23	0.384 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
20 Wed Mar 2024	48.23	45.24	51.37	44.54	1.008 times
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

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 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 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 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 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.

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. Bears 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 48.3 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 positive

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