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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 2024-01-29 View latest technical analysis

10 day averaged volume of Mic Electronics is 150438

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	35.00	35.75	35.75	34.50	1.264 times
25 Thu Jan 2024	34.70	34.80	34.95	33.80	0.765 times
24 Wed Jan 2024	34.20	34.55	35.00	33.05	0.615 times
23 Tue Jan 2024	33.85	35.35	36.10	33.50	1.665 times
22 Mon Jan 2024	34.70	35.50	35.50	33.75	0.878 times
19 Fri Jan 2024	34.95	35.00	35.50	34.55	0.742 times
18 Thu Jan 2024	34.80	35.00	35.20	34.05	0.73 times
17 Wed Jan 2024	34.90	35.30	35.65	34.15	1.21 times
16 Tue Jan 2024	35.75	35.45	36.00	35.25	0.883 times
15 Mon Jan 2024	35.45	36.45	36.90	35.05	1.278 times

My analysis of stock is bearish for shortterm, and stock might move down till 33.9 or till 32.6. Use a stoploss of 35.08 and if the stock hits stoploss, then it can shoot up till 36.22

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	33.05
Downside Target	34.50
Upside Target	35.75
Upside Target	36.10
Upside Target	36.90
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	34.42
Downside Intraday Target	33.83
Upside Intraday Target	35.67
Upside Intraday Target	36.33
Upside Intraday Target	35.08

Weekly technical analysis of Mic Electronics (MICEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	35.00	35.75	35.75	34.50	0.322 times
25 Thu Jan 2024	34.70	35.50	36.10	33.05	0.81 times
19 Fri Jan 2024	34.95	36.45	36.90	34.05	0.381 times
12 Fri Jan 2024	36.35	34.50	38.70	34.15	2.214 times
05 Fri Jan 2024	34.30	34.40	34.50	33.40	1.551 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
29 Mon Jan 2024	35.00	34.40	38.70	33.05	1.029 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mic Electronics ( (MICEL_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 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 SELL. Signal strength is Weak and stock is losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 34.8 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 falling down

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 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.