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(MRO-TEK_BE) Mro Tek complete technical analysis [charts+indicators] | Buy/Sell Mro Tek | (MRO-TEK_BE) share price targets

Complete technical analysis of Mro Tek (MRO-TEK_BE) by charts plus indicators, forecast predictions and share price targets for Mro Tek (MRO-TEK_BE)

Showing technical analysis as on 2024-07-24 View latest technical analysis

10 day averaged volume of Mro Tek is 13933

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	77.03	76.50	79.00	76.05	0.584 times
23 Tue Jul 2024	76.62	78.29	79.84	75.89	1.483 times
22 Mon Jul 2024	79.89	80.80	81.00	78.00	0.447 times
19 Fri Jul 2024	78.80	81.01	81.01	78.01	1.209 times
18 Thu Jul 2024	79.42	78.98	79.43	78.50	0.58 times
16 Tue Jul 2024	78.99	79.20	79.90	78.00	0.962 times
15 Mon Jul 2024	78.99	79.97	80.98	78.01	1.067 times
12 Fri Jul 2024	77.20	78.98	78.98	77.00	0.766 times
11 Thu Jul 2024	77.93	79.79	79.89	77.50	1.293 times
10 Wed Jul 2024	79.15	80.50	81.92	78.00	1.436 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 77.2, but if it comes above 77.2, then a intra day buy could be more profitable.
If you take a sell trade below 77.2, then use 77.2 as stoploss and 74.3 as target. However if you take a buy trade in stock , then use 77.2 as stoploss and 79.55 as target.

Share price targets for Mro Tek (MRO-TEK_BE)

Target Type	Value
Downside Target	44.15
Downside Target	46.45
Downside Target	48.85
Downside Target	55.80
Downside Target	73.90
Upside Target	81.00
Upside Target	81.01
Upside Target	84.00
Upside Target	84.30
Upside Target	87.45
Upside Target	96.35

Intraday share price targets for Mro Tek (MRO-TEK_BE)

Target Type	Value
Downside Intraday Target	74.95
Downside Intraday Target	72.86
Upside Intraday Target	80.06
Upside Intraday Target	83.08
Upside Intraday Target	77.97

Weekly technical analysis of Mro Tek (MRO-TEK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	77.03	80.80	81.00	75.89	0.658 times
19 Fri Jul 2024	78.80	79.97	81.01	78.00	0.726 times
12 Fri Jul 2024	77.20	81.92	84.00	77.00	0.561 times
05 Fri Jul 2024	83.70	76.70	87.45	75.25	1.883 times
28 Fri Jun 2024	75.71	79.00	79.00	74.60	1.084 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 Mro Tek (MRO-TEK_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	77.03	76.70	87.45	75.25	0.847 times
28 Fri Jun 2024	75.71	80.80	84.30	73.90	0.983 times
31 Fri May 2024	81.30	96.35	96.35	78.40	12.216 times
13 Mon Sep 2021	44.15	46.45	46.45	44.15	2.265 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 Mro Tek (MRO-TEK_BE)

Price action analysis of Mro Tek ( (MRO-TEK_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mro Tek ( (MRO-TEK_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 Mro Tek ( (MRO-TEK_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 Mro Tek stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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

CCI has generated a SELL signal for Mro Tek 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 Mro Tek is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 78.3 and Mro Tek (MRO-TEK_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 Mro Tek (MRO-TEK_BE) stock. Volume based technical analysis of Mro Tek (MRO-TEK_BE) stock is negative.

Mro Tek 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.