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(MICEL) Mic Electronics complete technical analysis [charts+indicators] | Buy/Sell Mic Electronics | (MICEL) share price targets

Complete technical analysis of Mic Electronics (MICEL) by charts plus indicators, forecast predictions and share price targets for Mic Electronics (MICEL)

Showing technical analysis as on 2024-03-15 View latest technical analysis

10 day averaged volume of Mic Electronics is 521289

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	39.75	39.10	39.75	38.70	0.722 times
14 Thu Mar 2024	37.90	37.15	38.50	36.85	1.567 times
13 Wed Mar 2024	38.75	40.05	40.45	38.75	0.662 times
12 Tue Mar 2024	40.75	42.95	43.00	40.75	0.596 times
11 Mon Mar 2024	42.90	45.45	45.50	42.85	0.687 times
07 Thu Mar 2024	45.10	45.70	46.50	44.05	0.882 times
06 Wed Mar 2024	44.30	45.05	45.85	43.15	0.99 times
05 Tue Mar 2024	44.65	46.50	47.70	44.35	1.105 times
04 Mon Mar 2024	46.45	49.50	49.95	46.45	1.706 times
02 Sat Mar 2024	48.90	48.00	49.50	47.40	0.462 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.8, but if it comes above 41.8, then a intra day buy could be more profitable.
If you take a sell trade below 41.8, then use 41.8 as stoploss and 37.4 as target. However if you take a buy trade in stock , then use 41.8 as stoploss and 45.54 as target.

Share price targets for Mic Electronics (MICEL)

Target Type	Value
Downside Target	27.05
Downside Target	33.25
Downside Target	35.20
Downside Target	36.15
Upside Target	41.50
Upside Target	43.15
Upside Target	44.30
Upside Target	46.85
Upside Target	48.00
Upside Target	49.95
Upside Target	50.90
Upside Target	53.65

Intraday share price targets for Mic Electronics (MICEL)

Target Type	Value
Downside Intraday Target	35.9
Downside Intraday Target	32.05
Upside Intraday Target	44.55
Upside Intraday Target	49.35
Upside Intraday Target	40.7

Weekly technical analysis of Mic Electronics (MICEL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	39.75	45.45	45.50	36.85	0.904 times
07 Thu Mar 2024	45.10	49.50	49.95	43.15	0.678 times
02 Sat Mar 2024	48.90	49.25	50.90	44.80	0.451 times
23 Fri Feb 2024	48.25	51.40	53.65	44.30	1.453 times
16 Fri Feb 2024	46.85	39.85	46.85	36.15	1.116 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)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	39.75	47.90	49.95	36.85	0.241 times
29 Thu Feb 2024	47.75	36.75	53.65	35.20	57.101 times
31 Wed Jan 2024	36.50	35.40	36.50	33.25	0.15 times
06 Mon Nov 2023	41.50	36.05	41.50	35.30	0.143 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)

Price action analysis of Mic Electronics ( (MICEL) ) 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) ) 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) ) based on a mid to longer 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

ADX buy sell signal for Mic Electronics stock for short term is SELL. Signal strength is Strong 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mic Electronics in short term but BUY signal is weak.

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 42.89 and Mic Electronics (MICEL) 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) stock. Volume based technical analysis of Mic Electronics (MICEL) 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.