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(MICEL_BE) Mic Electronics complete technical analysis [charts+indicators] | Buy/Sell Mic Electronics | (MICEL_BE) share price targets

Complete technical analysis of Mic Electronics (MICEL_BE) by charts plus indicators, forecast predictions and share price targets for Mic Electronics (MICEL_BE)

Showing technical analysis as on 2023-12-22 View latest technical analysis

10 day averaged volume of Mic Electronics is 253049

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	34.10	33.95	34.50	33.00	0.304 times
21 Thu Dec 2023	33.90	33.40	34.75	31.95	0.739 times
20 Wed Dec 2023	33.60	34.95	34.95	33.40	0.759 times
19 Tue Dec 2023	34.85	34.65	35.70	33.90	1.061 times
18 Mon Dec 2023	35.40	36.15	36.45	35.10	0.481 times
15 Fri Dec 2023	35.80	35.55	36.00	34.55	0.723 times
14 Thu Dec 2023	35.45	36.35	36.80	35.00	0.944 times
13 Wed Dec 2023	36.25	37.75	37.75	35.20	1.051 times
12 Tue Dec 2023	36.80	36.90	37.90	36.50	1.927 times
11 Mon Dec 2023	36.25	35.35	36.25	34.70	1.59 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 34.2, but if it comes above 34.2, then a intra day buy could be more profitable.
If you take a sell trade below 34.2, then use 34.2 as stoploss and 33.1 as target. However if you take a buy trade in stock , then use 34.2 as stoploss and 35.09 as target.

Share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Target	22.80
Downside Target	25.55
Downside Target	30.75
Downside Target	33.20
Upside Target	34.55
Upside Target	36.00
Upside Target	36.45
Upside Target	36.95
Upside Target	37.50
Upside Target	37.90
Upside Target	39.40
Upside Target	43.55

Intraday share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Intraday Target	31.88
Downside Intraday Target	29.67
Upside Intraday Target	36.38
Upside Intraday Target	38.67
Upside Intraday Target	34.17

Weekly technical analysis of Mic Electronics (MICEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	34.10	36.15	36.45	31.95	0.536 times
15 Fri Dec 2023	35.80	35.35	37.90	34.55	1.632 times
08 Fri Dec 2023	34.55	35.90	36.95	33.20	0.886 times
01 Fri Dec 2023	35.65	36.95	37.50	33.55	1.116 times
24 Fri Nov 2023	36.30	37.00	39.40	36.00	0.677 times

Price has moved down 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 Mic Electronics (MICEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	34.10	36.35	37.90	31.95	0.732 times
30 Thu Nov 2023	35.60	43.30	43.55	33.55	1.638 times
29 Fri Sep 2023	25.90	28.50	31.60	22.85	1.68 times
31 Thu Aug 2023	28.20	27.10	31.30	25.55	0.518 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 Mic Electronics (MICEL_BE)

Price action analysis of Mic Electronics ( (MICEL_BE) ) 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 Mic Electronics ( (MICEL_BE) ) 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 Mic Electronics ( (MICEL_BE) ) based on a mid to longer 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.

ADX buy sell signal for Mic Electronics stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mic Electronics in short term but the sell signal is initial and weak.

Mic Electronics 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mic Electronics 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mic Electronics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 35.59 and Mic Electronics (MICEL_BE) 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 Mic Electronics (MICEL_BE) stock. Volume based technical analysis of Mic Electronics (MICEL_BE) stock is negative.

Mic Electronics 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.