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Miller Industries sees KDJ Golden Cross, Bullish Marubozu in 15min chart.
ByAinvest
Wednesday, Aug 20, 2025 11:33 am ET1min read
Miller Industries's 15-minute chart has recently exhibited a bullish signal, as evidenced by the occurrence of a KDJ Golden Cross and a Bullish Marubozu on August 20th, 2025 at 11:30. This indicates a shift in momentum towards the upside, suggesting that the stock price has the potential to continue its upward trajectory. As buyers maintain control of the market, it is likely that the bullish momentum will persist.
Miller Industries' (NYSE: MLR) 15-minute chart recently exhibited a notable bullish signal, with a KDJ Golden Cross and a Bullish Marubozu pattern occurring on August 20th, 2025 at 11:30. This indicates a shift in momentum towards the upside, suggesting that the stock price has the potential to continue its upward trajectory. As buyers maintain control of the market, it is likely that the bullish momentum will persist [1].Miller Industries has been facing market challenges, including reduced retail sales and lower order intake. To address these issues, the company announced a significant workforce reduction, eliminating approximately 150 jobs across three manufacturing plants. This decision is part of a comprehensive cost-reduction plan aimed at enhancing operational efficiency and long-term stability [2][3].
Despite the workforce reduction, Miller Industries reported its second-quarter earnings for 2025, showcasing an earnings per share (EPS) of $0.73, which surpassed analysts’ expectations by 15.87%. However, the company’s revenue did not meet projections, totaling $214 million against an expected $222.87 million, which marked a 3.97% shortfall. The revenue miss contributed to a negative market reaction, with the stock experiencing a decline in both regular and premarket trading [2].
Miller Industries has stated it will provide financial and benefit assistance to affected employees, along with outplacement and career transition resources to help them navigate these changes. The company believes these actions will strengthen its competitive position as market conditions improve [2].
References:
[1] https://www.ainvest.com/news/miller-industries-kdj-golden-cross-bullish-trend-bullish-marubozu-2508/
[2] https://www.investing.com/news/company-news/miller-industries-to-cut-150-jobs-amid-market-challenges-93CH-4192080
[3] https://www.nasdaq.com/articles/miller-industries-slash-about-150-jobs-across-three-manufacturing-facilities
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