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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 2024-09-13 View latest technical analysis

10 day averaged volume of Mro Tek is 88037

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	110.36	111.39	112.75	109.30	1.44 times
12 Thu Sep 2024	111.55	112.98	113.40	107.70	1.06 times
11 Wed Sep 2024	113.32	108.35	113.45	108.35	1.586 times
10 Tue Sep 2024	113.19	112.99	113.90	108.50	2.629 times
09 Mon Sep 2024	113.16	112.45	114.65	107.70	1.323 times
06 Fri Sep 2024	112.45	113.45	114.50	108.30	1.697 times
05 Thu Sep 2024	113.90	112.83	116.60	110.00	1.13 times
16 Fri Aug 2024	86.21	82.55	86.21	82.55	0.133 times
14 Wed Aug 2024	82.11	83.90	85.99	81.00	0.095 times
13 Tue Aug 2024	83.59	84.10	87.80	83.50	0.178 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 107.6, but if it comes below 107.6, then a intra day sell could be more profitable.
If you take a sell trade below 107.6, then use 107.6 as stoploss and 93.61 as target. However if you take a buy trade in stock , then use 107.6 as stoploss and 124.5 as target.

Share price targets for Mro Tek (MRO-TEK_BE)

Target Type	Value
Downside Target	73.90
Downside Target	78.00
Downside Target	80.60
Downside Target	84.30
Downside Target	87.45
Downside Target	96.35
Downside Target	107.70
Downside Target	108.30
Upside Target	114.65
Upside Target	116.60

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

Target Type	Value
Downside Intraday Target	107.16
Downside Intraday Target	103.95
Upside Intraday Target	114.11
Upside Intraday Target	117.85
Upside Intraday Target	110.9

Weekly technical analysis of Mro Tek (MRO-TEK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	110.36	112.45	114.65	107.70	2.844 times
06 Fri Sep 2024	112.45	112.83	116.60	108.30	4.904 times
16 Fri Aug 2024	86.21	81.30	88.30	80.60	0.242 times
09 Fri Aug 2024	84.62	84.72	88.68	81.00	3.653 times
02 Fri Aug 2024	80.69	79.80	81.74	78.00	1.213 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mro Tek (MRO-TEK_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	110.36	112.83	116.60	107.70	3.463 times
16 Fri Aug 2024	86.21	81.74	88.68	78.01	0.797 times
31 Wed Jul 2024	80.89	76.70	87.45	75.25	1.005 times
28 Fri Jun 2024	75.71	80.80	84.30	73.90	0.983 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 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 Mro Tek ( (MRO-TEK_BE) ) based on a mid to longer 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.

ADX buy sell signal for Mro Tek stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mro Tek in short term and the buy signal is strong.

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

Mro Tek Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 Mro Tek in short term but SELL signal is weak.

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 111.6 and Mro Tek (MRO-TEK_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.