Miller Industries's 15min chart shows Bollinger Bands expanding downward, bearish Marubozu.

Miller Industries's 15-minute chart has triggered a Bollinger Bands Expanding Downward signal, accompanied by a Bearish Marubozu candlestick formation at 08/20/2025 10:45. This technical indicator suggests that the current market trend is being driven by a predominance of sellers, who are exerting control over the market. Consequently, it is likely that the bearish momentum will persist.

Title: Miller Industries Inc: Bearish Signals on 15-Minute Chart Suggest Downward Trend

Miller Industries Inc's (MLR) 15-minute chart has triggered a significant technical indicator, signaling a potential downward trend. On August 20, 2025, at 10:45, the stock displayed a Bollinger Bands Expanding Downward signal, accompanied by a Bearish Marubozu candlestick formation. These indicators suggest that the current market trend is being driven by a predominance of sellers, who are exerting control over the market. Consequently, it is likely that the bearish momentum will persist.

The Bollinger Bands Expanding Downward signal indicates that the volatility of the stock is increasing, with the bands widening, which often signals a period of increased price volatility and potential downward movement. The Bearish Marubozu candlestick pattern, characterized by a long body with no upper or lower shadows, reinforces this bearish trend by suggesting that sellers are in control.

The stock has shown resilience, gaining 0.95% on the last trading day (Tuesday, August 19, 2025), rising from $43.11 to $43.52. However, the current trend suggests that the stock may face downward pressure in the coming months. Analysts predict that the stock price could fall by -8.87% over the next three months, with a 90% probability of holding a price between $35.71 and $40.34 at the end of this period.

The technical indicators also suggest that the stock has a general sell signal from the relation between the short and long-term Moving Averages, where the long-term average is above the short-term average. The stock has support from accumulated volume at $43.00, which may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

Investors should closely monitor Miller Industries Inc's performance and consider the potential risks associated with the bearish trend. It is crucial to stay informed about any new developments and adjust investment strategies accordingly.

References:
[1] https://stockinvest.us/stock/MLR
[2] https://www.ainvest.com/news/rcm-technologies-macd-death-cross-bearish-marubozu-15min-chart-alert-2508/