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Miller Industries' 15min chart shows Bollinger Bands narrowing, KDJ death cross.
ByAinvest
Tuesday, Aug 19, 2025 2:52 pm ET1min read
Miller Industries' 15-minute chart has recently exhibited a narrowing of Bollinger Bands, which suggests a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ indicator has triggered a death cross at 08/19/2025 14:45, indicating a shift in momentum towards the downside and a potential for further decreases in stock price.
Miller Industries' (NYSE: MLR) 15-minute chart has recently exhibited a narrowing of Bollinger Bands, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has triggered a death cross at 08/19/2025 14:45, signaling a shift in momentum towards the downside and a potential for further decreases in stock price.The narrowing of Bollinger Bands suggests a reduction in the volatility of the stock price, while the KDJ death cross signals a bearish trend reversal [1]. These technical indicators imply that Miller Industries' stock may experience further declines in the near future.
Miller Industries has been facing market challenges, including reduced retail sales and lower order intake, leading to a comprehensive cost reduction plan. The company has announced plans to cut approximately 150 jobs across three manufacturing facilities to enhance operational efficiency. This move comes as the company's stock has declined by over 30% in the past six months, according to InvestingPro data [2].
Despite the job cuts, Miller Industries maintains healthy financials with a current ratio of 3.32 and moderate debt levels. The company has stated that it will provide financial and benefit assistance to affected employees, along with outplacement and career transition resources to help them navigate these changes.
Investors should closely monitor Miller Industries' 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://www.ainvest.com/news/miller-industries-15min-chart-shows-bollinger-bands-narrowing-kdj-death-cross-2508/
[2] https://www.investing.com/news/company-news/miller-industries-to-cut-150-jobs-amid-market-challenges-93CH-4192080
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