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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 2024-10-04 View latest technical analysis

10 day averaged volume of Mro Tek is 109180

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	106.18	101.98	107.00	100.01	0.387 times
03 Thu Oct 2024	101.98	102.06	108.00	101.53	2.019 times
01 Tue Oct 2024	106.88	105.79	108.39	102.71	0.073 times
30 Mon Sep 2024	106.18	108.49	108.49	103.15	0.179 times
27 Fri Sep 2024	108.56	112.78	112.80	107.31	0.886 times
26 Thu Sep 2024	112.79	117.39	117.45	111.65	0.65 times
25 Wed Sep 2024	117.45	116.90	118.80	111.05	1.156 times
24 Tue Sep 2024	116.90	120.34	121.50	116.07	0.268 times
23 Mon Sep 2024	120.34	119.49	121.50	115.06	0.863 times
20 Fri Sep 2024	120.94	123.97	125.00	119.87	1.114 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 107.7, but if it comes above 107.7, then a intra day buy could be more profitable.
If you take a sell trade below 107.7, then use 107.7 as stoploss and 100.2 as target. However if you take a buy trade in stock , then use 107.7 as stoploss and 113.9 as target.

Share price targets for Mro Tek (MRO-TEK_BE)

Target Type	Value
Downside Target	73.90
Downside Target	78.01
Downside Target	84.30
Downside Target	87.45
Downside Target	100.01
Downside Target	103.15
Upside Target	107.30
Upside Target	108.49
Upside Target	114.65
Upside Target	116.60
Upside Target	121.50
Upside Target	126.80

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

Target Type	Value
Downside Intraday Target	101.3
Downside Intraday Target	96.41
Upside Intraday Target	109.78
Upside Intraday Target	113.37
Downside Intraday Target	104.89

Weekly technical analysis of Mro Tek (MRO-TEK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	106.18	108.49	108.49	100.01	0.696 times
27 Fri Sep 2024	108.56	119.49	121.50	107.31	0.37 times
20 Fri Sep 2024	120.94	110.36	126.80	107.30	1.595 times
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

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 Mro Tek (MRO-TEK_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	106.18	105.79	108.39	100.01	0.107 times
30 Mon Sep 2024	106.18	112.83	126.80	103.15	9.132 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

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 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 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 Mro Tek ( (MRO-TEK_BE) ) 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 Mro Tek stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mro Tek in short term but the sell signal is initial and weak.

Mro Tek 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mro Tek in short term but BUY signal is weak.

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 111.78 and Mro Tek (MRO-TEK_BE) 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 Mro Tek (MRO-TEK_BE) stock. Volume based technical analysis of Mro Tek (MRO-TEK_BE) stock is negative.

Mro Tek 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.