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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 2024-01-24 View latest technical analysis

10 day averaged volume of Mic Electronics is 194907

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	34.20	34.55	35.00	33.05	0.474 times
23 Tue Jan 2024	33.85	35.35	36.10	33.50	1.285 times
22 Mon Jan 2024	34.70	35.50	35.50	33.75	0.677 times
19 Fri Jan 2024	34.95	35.00	35.50	34.55	0.573 times
18 Thu Jan 2024	34.80	35.00	35.20	34.05	0.563 times
17 Wed Jan 2024	34.90	35.30	35.65	34.15	0.934 times
16 Tue Jan 2024	35.75	35.45	36.00	35.25	0.681 times
15 Mon Jan 2024	35.45	36.45	36.90	35.05	0.986 times
12 Fri Jan 2024	36.35	37.40	37.45	35.75	0.953 times
11 Thu Jan 2024	36.90	37.00	38.40	36.40	1.151 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33.7 as stoploss in an intra day buy trade for a target of 34.95. However, stock will show a bearish move below 33.7.

Share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Target	22.85
Downside Target	25.55
Downside Target	31.30
Downside Target	33.00
Upside Target	34.50
Upside Target	35.10
Upside Target	36.10
Upside Target	36.90
Upside Target	37.90
Upside Target	38.70
Upside Target	43.55

Intraday share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Intraday Target	32.8
Downside Intraday Target	31.4
Upside Intraday Target	35.85
Upside Intraday Target	37.5
Upside Intraday Target	34.45

Weekly technical analysis of Mic Electronics (MICEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	34.20	35.50	36.10	33.05	0.652 times
19 Fri Jan 2024	34.95	36.45	36.90	34.05	0.381 times
12 Fri Jan 2024	36.35	34.50	38.70	34.15	2.214 times
05 Fri Jan 2024	34.30	34.40	34.50	33.40	1.551 times
29 Fri Dec 2023	33.80	35.00	35.10	33.00	0.657 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
24 Wed Jan 2024	34.20	34.40	38.70	33.05	0.956 times
29 Fri Dec 2023	33.80	36.35	37.90	31.95	0.844 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

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 Mic Electronics (MICEL_BE)

Price action analysis of Mic Electronics ( (MICEL_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 gaining 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Mic Electronics in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 35.26 and Mic Electronics (MICEL_BE) 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 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.