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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 2024-08-22 View latest technical analysis

10 day averaged volume of Mic Electronics is 466505

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	75.82	78.20	78.95	75.60	0.774 times
21 Wed Aug 2024	76.96	78.00	78.00	76.00	0.549 times
20 Tue Aug 2024	76.76	78.00	79.00	75.90	0.917 times
19 Mon Aug 2024	77.99	81.00	81.00	76.98	1.046 times
16 Fri Aug 2024	80.33	81.40	82.90	78.91	1.287 times
14 Wed Aug 2024	80.91	79.00	80.95	77.50	1.421 times
13 Tue Aug 2024	77.10	75.10	77.10	75.00	1.271 times
12 Mon Aug 2024	73.43	75.00	75.00	72.01	0.871 times
09 Fri Aug 2024	75.41	78.67	78.67	75.00	0.747 times
08 Thu Aug 2024	76.09	76.88	78.80	75.50	0.698 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 76, but if it comes above 76, then a intra day buy could be more profitable.
If you take a sell trade below 76, then use 76 as stoploss and 72.1 as target. However if you take a buy trade in stock , then use 76 as stoploss and 79.26 as target.

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	72.01
Downside Target	75.00
Upside Target	80.00
Upside Target	82.90
Upside Target	84.50
Upside Target	86.70
Upside Target	94.50
Upside Target	97.80

Intraday share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Intraday Target	73.95
Downside Intraday Target	72.07
Upside Intraday Target	79.35
Upside Intraday Target	82.87
Upside Intraday Target	77.47

Weekly technical analysis of Mic Electronics (MICEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	75.82	81.00	81.00	75.60	0.678 times
16 Fri Aug 2024	80.33	75.00	82.90	72.01	0.914 times
09 Fri Aug 2024	75.41	78.00	84.50	75.00	0.678 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

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 Thu Aug 2024	75.82	85.15	86.70	72.01	0.393 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 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 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 gaining momentum.

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

Mic Electronics 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 in or below 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 and the buying is gaining 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 77.51 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.