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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 2024-09-19 View latest technical analysis

10 day averaged volume of Miller Industries is 80600

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	61.50	61.25	62.00	60.08	1.27 times
18 Wed Sep 2024	60.00	58.83	60.91	58.60	1.002 times
17 Tue Sep 2024	58.78	58.80	59.61	58.47	1.019 times
16 Mon Sep 2024	58.14	58.62	58.73	57.67	0.747 times
13 Fri Sep 2024	58.05	58.69	59.32	57.85	0.541 times
12 Thu Sep 2024	57.81	57.22	58.58	56.82	0.991 times
11 Wed Sep 2024	56.89	56.50	57.31	55.50	0.578 times
10 Tue Sep 2024	57.04	57.05	57.47	56.35	1.888 times
09 Mon Sep 2024	57.33	58.00	58.40	57.17	0.95 times
06 Fri Sep 2024	57.73	58.95	59.35	57.73	0.896 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61.3, but if it comes below 61.3, then a intra day sell could be more profitable.
If you take a sell trade below 61.3, then use 61.3 as stoploss and 59.47 as target. However if you take a buy trade in stock , then use 61.3 as stoploss and 63.5 as target.

Share price targets for Miller Industries (MLR)

Target Type	Value
Downside Target	48.36
Downside Target	53.03
Downside Target	54.31
Downside Target	55.50
Downside Target	59.30
Upside Target	61.52
Upside Target	61.87
Upside Target	62.00
Upside Target	63.72
Upside Target	69.09
Upside Target	69.75

Intraday share price targets for Miller Industries (MLR)

Target Type	Value
Downside Intraday Target	58.78
Downside Intraday Target	56.06
Upside Intraday Target	63.11
Upside Intraday Target	64.72
Downside Intraday Target	60.39

Weekly technical analysis of Miller Industries (MLR)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	61.50	58.62	62.00	57.67	0.816 times
13 Fri Sep 2024	58.05	58.00	59.32	55.50	1.094 times
06 Fri Sep 2024	57.73	59.85	59.99	57.34	1.511 times
30 Fri Aug 2024	60.71	60.94	61.08	59.30	0.475 times
30 Fri Aug 2024	60.71	63.72	63.72	59.30	1.34 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
19 Thu Sep 2024	61.50	59.85	62.00	55.50	0.486 times
30 Fri Aug 2024	60.71	67.87	69.09	56.25	1.004 times
31 Wed Jul 2024	67.94	54.99	69.75	53.03	1.215 times
28 Fri Jun 2024	55.02	61.28	61.52	54.31	1.112 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 Strong 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 SELL signal in short term but selling is losing 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 58.39 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.