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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 2024-08-16 View latest technical analysis

10 day averaged volume of Mro Tek is 26444

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	86.21	82.55	86.21	82.55	0.443 times
14 Wed Aug 2024	82.11	83.90	85.99	81.00	0.316 times
13 Tue Aug 2024	83.59	84.10	87.80	83.50	0.593 times
12 Mon Aug 2024	84.10	81.30	88.30	80.60	0.566 times
09 Fri Aug 2024	84.62	88.68	88.68	83.25	0.998 times
08 Thu Aug 2024	85.85	82.51	86.90	82.51	0.677 times
07 Wed Aug 2024	85.69	84.03	86.90	81.27	0.549 times
06 Tue Aug 2024	84.47	86.00	87.00	81.00	2.107 times
05 Mon Aug 2024	84.72	84.72	84.72	82.51	3.61 times
02 Fri Aug 2024	80.69	80.10	81.00	78.01	0.235 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 84.6, but if it comes below 84.6, then a intra day sell could be more profitable.
If you take a sell trade below 84.6, then use 84.6 as stoploss and 81.6 as target. However if you take a buy trade in stock , then use 84.6 as stoploss and 88.3 as target.

Share price targets for Mro Tek (MRO-TEK_BE)

Target Type	Value
Downside Target	44.15
Downside Target	46.45
Downside Target	73.90
Downside Target	78.00
Downside Target	80.60
Downside Target	81.74
Downside Target	84.30
Upside Target	87.45
Upside Target	88.30
Upside Target	88.68
Upside Target	96.35

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

Target Type	Value
Downside Intraday Target	81.77
Downside Intraday Target	77.34
Upside Intraday Target	89.47
Upside Intraday Target	92.74
Downside Intraday Target	85.04

Weekly technical analysis of Mro Tek (MRO-TEK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
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
26 Fri Jul 2024	78.44	80.80	81.00	75.89	0.891 times
19 Fri Jul 2024	78.80	79.97	81.01	78.00	0.726 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 Mro Tek (MRO-TEK_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
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
31 Fri May 2024	81.30	96.35	96.35	78.40	12.216 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 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 neutral. A longer time frame might give a better analysis.

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.

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

Mro Tek 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mro Tek in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 84.58 and Mro Tek (MRO-TEK_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 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.