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(MYE) Myers Industries complete technical analysis [charts+indicators] | Buy/Sell Myers Industries | (MYE) share price targets

Complete technical analysis of Myers Industries (MYE) by charts plus indicators, forecast predictions and share price targets for Myers Industries (MYE)

Myers Industries trades in USA in Consumer Non Durables sector.

10 day averaged volume of Myers Industries is 392167

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 17.00 16.84 17.03 16.52 0.982 times
15 Wed May 2024 16.77 16.22 16.85 16.21 0.979 times
14 Tue May 2024 16.10 16.28 16.31 15.99 0.868 times
13 Mon May 2024 16.06 17.10 17.14 16.01 0.777 times
10 Fri May 2024 17.04 17.19 17.33 16.94 0.8 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.6, but if it comes above 17.6, then a intra day buy could be more profitable.
If you take a sell trade below 17.6, then use 17.6 as stoploss and 14.5 as target. However if you take a buy trade in stock , then use 17.6 as stoploss and 20.13 as target.

Share price targets for Myers Industries (MYE)

Target Type Value
Downside Target 15.99
Downside Target 16.94
Upside Target 18.03
Upside Target 18.87
Upside Target 19.81
Upside Target 20.88
Upside Target 21.49
Upside Target 22.27
Upside Target 22.85
Upside Target 23.05
Upside Target 23.22
Upside Target 23.63

Intraday share price targets for Myers Industries (MYE)

Target Type Value
Downside Intraday Target 16.28
Downside Intraday Target 15.56
Upside Intraday Target 17.43
Upside Intraday Target 17.86
Downside Intraday Target 16.71

Weekly technical analysis of Myers Industries (MYE)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 17.00 17.10 17.14 15.99 0.6 times
10 Fri May 2024 17.04 22.92 23.05 16.94 2.6 times
03 Fri May 2024 22.82 22.05 22.85 21.90 1.078 times
26 Fri Apr 2024 22.04 21.59 22.27 21.49 1.094 times
19 Fri Apr 2024 21.57 21.86 21.89 20.88 1.019 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 Myers Industries (MYE)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 17.00 22.00 23.05 15.99 1.07 times
30 Tue Apr 2024 21.90 23.22 23.22 20.88 0.408 times
28 Thu Mar 2024 23.17 19.31 23.63 18.87 3.6 times
29 Thu Feb 2024 19.23 18.82 19.81 18.26 0.608 times

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 Myers Industries (MYE)

Indicator Name Indicator Value Indicator Signal
ADX 18, 51, 47 Sell
MACD -2, -2Sell
Stochastics 9Sell
CCI -52Buy
RSI 28Sell
OBV 523273Sell
VWAP 18Sell
ADL 0Sell
ROC -25Sell
Force Index 0Sell

Price action analysis of Myers Industries ( (MYE) ) 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 Myers Industries ( (MYE) ) 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 Myers Industries ( (MYE) ) 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 Myers Industries ( (MYE) ) 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 Myers Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Myers Industries in short term and the sell signal is strong.

Myers Industries 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Myers Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 Myers Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 17.9 and Myers Industries (MYE) 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 Myers Industries (MYE) stock. Volume based technical analysis of Myers Industries (MYE) stock is negative.

Myers Industries 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.

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