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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 2024-08-06 View latest technical analysis

10 day averaged volume of Mic Electronics is 903245

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	76.97	78.35	82.50	76.55	0.6 times
05 Mon Aug 2024	80.46	78.00	84.50	77.02	0.779 times
02 Fri Aug 2024	81.08	80.10	83.80	80.00	0.515 times
01 Thu Aug 2024	82.59	85.15	86.70	80.88	0.784 times
31 Wed Jul 2024	85.13	81.50	85.15	81.30	1.189 times
30 Tue Jul 2024	81.10	82.59	84.95	80.80	0.996 times
29 Mon Jul 2024	83.78	86.00	86.40	82.00	0.558 times
26 Fri Jul 2024	82.93	82.60	85.00	80.50	0.826 times
25 Thu Jul 2024	83.58	83.91	84.90	82.57	1.64 times
24 Wed Jul 2024	86.92	85.65	90.00	85.65	1.662 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 71.3 as stoploss in an intra day buy trade for a target of 83.27. However, stock will show a bearish move below 71.3.

Share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Target	31.95
Downside Target	33.05
Downside Target	37.90
Downside Target	38.70
Downside Target	43.55
Downside Target	76.55
Upside Target	80.00
Upside Target	84.50
Upside Target	86.70
Upside Target	87.82
Upside Target	89.90
Upside Target	94.50
Upside Target	97.80

Intraday share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Intraday Target	74.18
Downside Intraday Target	71.39
Upside Intraday Target	82.13
Upside Intraday Target	87.29
Upside Intraday Target	79.34

Weekly technical analysis of Mic Electronics (MICEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	76.97	78.00	84.50	76.55	0.341 times
02 Fri Aug 2024	81.08	86.00	86.70	80.00	0.605 times
26 Fri Jul 2024	82.93	83.50	94.50	80.50	1.024 times
19 Fri Jul 2024	87.82	89.20	97.80	87.82	1.217 times
12 Fri Jul 2024	87.29	35.75	89.90	34.20	8.203 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
06 Tue Aug 2024	76.97	85.15	86.70	76.55	0.128 times
31 Wed Jul 2024	85.13	89.00	97.80	80.50	4.309 times
30 Tue Jan 2024	34.80	34.40	38.70	33.05	1.057 times
29 Fri Dec 2023	33.80	36.35	37.90	31.95	0.844 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 BUY. Signal strength is Weak 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 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 83.17 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 positive

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