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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 2024-01-11 View latest technical analysis

10 day averaged volume of Mic Electronics is 264955

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	36.90	37.00	38.40	36.40	0.847 times
10 Wed Jan 2024	36.65	38.00	38.70	36.00	1.615 times
09 Tue Jan 2024	37.80	37.45	37.80	37.20	1.89 times
08 Mon Jan 2024	36.00	34.50	36.00	34.15	2.155 times
05 Fri Jan 2024	34.30	34.00	34.50	33.40	0.922 times
04 Thu Jan 2024	33.85	33.90	34.15	33.40	0.74 times
03 Wed Jan 2024	33.80	33.95	34.50	33.50	0.441 times
02 Tue Jan 2024	33.85	33.50	34.30	33.45	0.613 times
01 Mon Jan 2024	33.80	34.40	34.40	33.60	0.54 times
29 Fri Dec 2023	33.80	33.80	34.05	33.00	0.498 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 36, but if it comes below 36, then a intra day sell could be more profitable.
If you take a sell trade below 36, then use 36 as stoploss and 34.74 as target. However if you take a buy trade in stock , then use 36 as stoploss and 37.5 as target.

Share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Target	22.85
Downside Target	25.55
Downside Target	31.30
Downside Target	33.00
Downside Target	34.55
Downside Target	35.10
Downside Target	36.45
Upside Target	37.90
Upside Target	38.70
Upside Target	43.55

Intraday share price targets for Mic Electronics (MICEL_BE)

Target Type	Value
Downside Intraday Target	34.47
Downside Intraday Target	32.03
Upside Intraday Target	39.02
Upside Intraday Target	41.13
Downside Intraday Target	36.58

Weekly technical analysis of Mic Electronics (MICEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	36.90	34.50	38.70	34.15	1.999 times
05 Fri Jan 2024	34.30	34.40	34.50	33.40	1.551 times
29 Fri Dec 2023	33.80	35.00	35.10	33.00	0.657 times
22 Fri Dec 2023	34.10	36.15	36.45	31.95	0.536 times
15 Fri Dec 2023	35.80	35.35	37.90	34.55	1.632 times

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

Monthly technical analysis of Mic Electronics (MICEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	36.90	34.40	38.70	33.40	0.622 times
29 Fri Dec 2023	33.80	36.35	37.90	31.95	0.844 times
30 Thu Nov 2023	35.60	43.30	43.55	33.55	1.638 times
29 Fri Sep 2023	25.90	28.50	31.60	22.85	1.68 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 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 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 BUY signal for Mic Electronics 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.

Mic Electronics 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 red color and prices are in or above the red 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 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 35.75 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.