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MLR
Stock ticker: NYSE
AS OF
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Capitalization
449.01M

MLR Miller Industries Forecast, Technical & Fundamental Analysis

a manufacturer of vehicle towing and recovery equipment

Industry AutoPartsOEM
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MLR with price predictions
08:00 PM EDT Sep 21, 2023

Aroon Indicator for MLR shows an upward move is likely

MLR's Aroon Indicator triggered a bullish signal on August 18, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 218 similar instances where the Aroon Indicator showed a similar pattern. In of the 218 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 66 cases where MLR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MLR advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MLR moved out of overbought territory on August 30, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MLR as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MLR turned negative on September 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MLR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MLR broke above its upper Bollinger Band on August 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MLR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.427) is normal, around the industry mean (3.078). P/E Ratio (11.682) is within average values for comparable stocks, (39.402). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.666). Dividend Yield (0.018) settles around the average of (0.034) among similar stocks. P/S Ratio (0.444) is also within normal values, averaging (5.438).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Goodyear Tire & Rubber Company (The) (NASDAQ:GT).

Industry description

OEM or Original Equipment Manufacturer of auto parts refers to the original producer of a vehicle's components, and so OEM car parts are usually identical to the parts used in producing the vehicle in the first place. OEM parts tend to fit the specifications of a particular model, and their compatibility is often guaranteed by the automaker itself. OEM parts could be more expensive to buy (compared to other vendors’ products) when a consumer goes for replacement. However, increased competition from aftermarket parts/third-party vendors could, in some cases, keep EOM prices in check. The industry might progress further in adopting newer technologies like 3D printing to boost supply chain performance and quality. Aptiv PLC, Magna International Inc. and BorgWarner Inc. are major OEMs for autos.

Market Cap

The average market capitalization across the Auto Parts: OEM Industry is 5.02B. The market cap for tickers in the group ranges from 206 to 52.56B. DNZOY holds the highest valuation in this group at 52.56B. The lowest valued company is JBZY at 206.

High and low price notable news

The average weekly price growth across all stocks in the Auto Parts: OEM Industry was -2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 3%. ATHHF experienced the highest price growth at 25%, while AMGRF experienced the biggest fall at -67%.

Volume

The average weekly volume growth across all stocks in the Auto Parts: OEM Industry was -55%. For the same stocks of the Industry, the average monthly volume growth was -11% and the average quarterly volume growth was -19%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 57
Price Growth Rating: 58
SMR Rating: 62
Profit Risk Rating: 88
Seasonality Score: -3 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published Dividends

MLR paid dividends on September 11, 2023

Miller Industries MLR Stock Dividends
А dividend of $0.18 per share was paid with a record date of September 11, 2023, and an ex-dividend date of August 31, 2023. Read more...
A.I. Advisor
published General Information

General Information

a manufacturer of vehicle towing and recovery equipment

Industry AutoPartsOEM

Profile
Fundamentals
Details
Industry
Trucks Or Construction Or Farm Machinery
Address
8503 Hilltop Drive
Phone
+1 423 238-4171
Employees
1450
Web
https://www.millerind.com
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MLR and

Correlation & Price change

A.I.dvisor indicates that over the last year, MLR has been loosely correlated with LKQ. These tickers have moved in lockstep 47% of the time. This A.I.-generated data suggests there is some statistical probability that if MLR jumps, then LKQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLR
1D Price
Change %
MLR100%
-0.30%
LKQ - MLR
47%
Loosely correlated
-0.32%
FOXF - MLR
47%
Loosely correlated
-1.46%
SMP - MLR
46%
Loosely correlated
-1.63%
THRM - MLR
42%
Loosely correlated
-0.79%
PLOW - MLR
40%
Loosely correlated
-0.27%
More

Groups containing MLR

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLR
1D Price
Change %
MLR100%
-0.30%
construction
(undefined stocks)
49%
Loosely correlated
+0.21%
truck
(undefined stocks)
48%
Loosely correlated
+0.70%
Auto Parts: OEM
(undefined stocks)
43%
Loosely correlated
+0.12%
cars
(undefined stocks)
42%
Loosely correlated
+0.29%