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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 2024-08-28 View latest technical analysis

10 day averaged volume of Mic Electronics is 518094

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	85.70	84.00	85.70	81.55	2.271 times
27 Tue Aug 2024	81.62	78.90	81.62	77.15	1.687 times
26 Mon Aug 2024	77.74	76.10	78.99	76.10	1.039 times
23 Fri Aug 2024	77.19	75.82	78.90	75.75	0.732 times
22 Thu Aug 2024	75.82	78.20	78.95	75.60	0.697 times
21 Wed Aug 2024	76.96	78.00	78.00	76.00	0.495 times
20 Tue Aug 2024	76.76	78.00	79.00	75.90	0.826 times
19 Mon Aug 2024	77.99	81.00	81.00	76.98	0.942 times
16 Fri Aug 2024	80.33	81.40	82.90	78.91	1.159 times
14 Wed Aug 2024	80.91	79.00	80.95	77.50	1.279 times

Stock of Mic Electronics (MICEL_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 85.8, for a target of 82 or 78.81

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
Downside Target	80.00
Downside Target	82.90
Downside Target	84.50
Downside Target	85.70
Upside Target	86.70
Upside Target	97.80

Intraday share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Intraday Target	79.3
Downside Intraday Target	72.9
Upside Intraday Target	88.9
Upside Intraday Target	92.1
Downside Intraday Target	82.5

Weekly technical analysis of Mic Electronics (MICEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	85.70	76.10	85.70	76.10	1.354 times
23 Fri Aug 2024	77.19	81.00	81.00	75.60	0.845 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

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 Mic Electronics (MICEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	85.70	85.15	86.70	72.01	0.55 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 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 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 Mic Electronics ( (MICEL_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mic Electronics ( (MICEL_BE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mic Electronics 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mic Electronics in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 80.34 and Mic Electronics (MICEL_BE) 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 Mic Electronics (MICEL_BE) stock. Volume based technical analysis of Mic Electronics (MICEL_BE) stock is negative.

Mic Electronics Stock is giving positive 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.