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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 2024-10-07 View latest technical analysis

10 day averaged volume of Mro Tek is 82926

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	102.58	107.00	108.95	100.87	0.811 times
04 Fri Oct 2024	106.18	101.98	107.00	100.01	0.51 times
03 Thu Oct 2024	101.98	102.06	108.00	101.53	2.658 times
01 Tue Oct 2024	106.88	105.79	108.39	102.71	0.096 times
30 Mon Sep 2024	106.18	108.49	108.49	103.15	0.236 times
27 Fri Sep 2024	108.56	112.78	112.80	107.31	1.166 times
26 Thu Sep 2024	112.79	117.39	117.45	111.65	0.855 times
25 Wed Sep 2024	117.45	116.90	118.80	111.05	1.522 times
24 Tue Sep 2024	116.90	120.34	121.50	116.07	0.352 times
23 Mon Sep 2024	120.34	119.49	121.50	115.06	1.137 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 106.7, but if it comes above 106.7, then a intra day buy could be more profitable.
If you take a sell trade below 106.7, then use 106.7 as stoploss and 98.7 as target. However if you take a buy trade in stock , then use 106.7 as stoploss and 113.41 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
Upside Target	103.15
Upside Target	107.30
Upside Target	108.95
Upside Target	114.65
Upside Target	121.50
Upside Target	126.80

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

Target Type	Value
Downside Intraday Target	99.32
Downside Intraday Target	96.05
Upside Intraday Target	107.4
Upside Intraday Target	112.21
Upside Intraday Target	104.13

Weekly technical analysis of Mro Tek (MRO-TEK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	102.58	107.00	108.95	100.87	0.232 times
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

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
07 Mon Oct 2024	102.58	105.79	108.95	100.01	0.134 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 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 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.

Mro Tek Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mro Tek in short term and SELL 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 Mro Tek is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 109.54 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.