Miller Industries 15min chart triggers KDJ Death Cross, Bearish Marubozu signal.

The 15-minute chart for Miller Industries has triggered a KDJ Death Cross and a Bearish Marubozu at 13:15 on August 20, 2025. This indicates a shift in the stock's momentum towards the downside, with potential for further decreases. Sellers currently dominate the market, and this bearish momentum is likely to persist.

Title: Miller Industries Faces Bearish Momentum as 15-Minute Chart Triggers KDJ Death Cross and Bearish Marubozu

Miller Industries (MLR) has recently encountered a significant shift in its stock's technical indicators, with the 15-minute chart triggering a KDJ Death Cross and a Bearish Marubozu at 13:15 on August 20, 2025. This combination of technical signals suggests a shift in momentum towards a downward trend, indicating a potential for further price decreases. Sellers currently dominate the market, and there is a likelihood of sustained bearish momentum.

The KDJ Death Cross, a technical indicator that combines the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), has crossed below the 50-day moving average. This crossover signals a potential bearish trend, suggesting that the stock may continue to experience downward pressure. The bearish Marubozu candlestick pattern, characterized by a large body with no upper or lower shadows, further emphasizes the current bearish trend and indicates strong selling pressure.

Miller Industries has been facing market challenges, including reduced retail sales and lower order intake. These factors have contributed to the company's decision to reduce its workforce by approximately 150 positions across three manufacturing facilities as part of a comprehensive cost reduction plan. The company has committed to supporting affected employees during this transition by offering financial and benefit assistance, as well as outplacement and career transition resources.

Despite these challenges, Miller Industries has maintained a reliable dividend policy. The company paid out a dividend of $0.20 per share for the second quarter of 2025 and has a dividend yield of 1.84%, which is considered attractive compared to peers. The company has also set a revenue target of $750M-$800M for 2025, which may be challenging given the current market conditions.

Investors should closely monitor Miller Industries' stock performance and the broader market conditions. The combination of the KDJ Death Cross and the bearish Marubozu pattern suggests that the stock may continue to experience downward pressure. However, the company has indicated that these measures are part of a strategic plan to improve efficiency and long-term stability.

References:
[1] https://www.ainvest.com/news/miller-industries-kdj-death-cross-bearish-marubozu-triggered-15min-chart-2508/
[2] https://www.ainvest.com/news/miller-industries-15-min-chart-shows-macd-death-cross-bearish-marubozu-2508/
[3] https://seekingalpha.com/news/4485347-miller-industries-to-eliminate-150-jobs