Not a good buy right now for an impatient buyer: price is pressing near resistance while momentum looks short-term stretched.
Fundamentals are currently working against the stock (sharp YoY revenue/EPS decline in the latest reported quarter), and the next earnings (2026-03-05) is a near-term catalyst that can add downside risk.
Upside to the latest Street target is limited (PT $46 vs $43.59), and the most recent analyst action was a downgrade.
Net: I would not buy MLR at this price today; I would hold/avoid initiating a new position right now.
Technical Analysis
Trend/Momentum: MACD histogram is positive (0.293) and expanding, indicating bullish momentum, but it’s getting extended.
RSI: RSI(6) at 75.18 suggests short-term overbought/overextended conditions (higher risk of a pullback).
Moving averages: Converging MAs suggest the stock is transitioning rather than in a clean, stable trend.
Levels: Pivot 42.01; resistance at R1 43.69 (very close to current 43.59) then R2 44.73; supports at 40.32 then 39.28.
Pattern-based forward read: Similar-pattern stats imply modest next-day upside potential, but negative 1-month bias (-4.35%), which argues against chasing strength near resistance.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning: Put/Call OI ratio 0.48 (call-heavy / relatively bullish positioning), but total open interest is tiny (68), limiting signal quality.
Activity: Options volume is 0 today (no meaningful real-time sentiment confirmation).
Volatility: 30D IV 43.4 vs historical volatility 22.56 (options imply bigger moves than realized), while IV rank/percentile are low (~10), suggesting IV is low versus its own history recently (and has been falling vs 5D/10D IV averages).
Technical Summary
Sell
6
Buy
11
Positive Catalysts
No negative news flow in the past week (sentiment neutral by absence of headlines).
Neutral/Negative Catalysts
showed major YoY contraction in revenue, net income, and EPS—fundamental momentum is weak.
Wall Street-style cons: acknowledged muted demand, large YoY revenue/EPS declines, and reduced analyst conviction (downgrade/target cut).
Wall Street analysts forecast MLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MLR is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Analyst Rating
0
Wall Street analysts forecast MLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MLR is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Buy
Hold
Sell
0
Current: 43.690
Low
0
Averages
0
High
0
0
Current: 43.690
Low
0
Averages
0
High
0
Freedom Capital
Buy
to
Hold
downgrade
$62 -> $46
AI Analysis
2025-11-10
Reason
Freedom Capital
Price Target
$62 -> $46
AI Analysis
2025-11-10
downgrade
Buy
to
Hold
Reason
Freedom Capital downgraded Miller Industries to Hold from Buy with a price target of $46, down from $62. Along with Q3 earnings reported November 5, Miller Industries upheld its revenue forecast for 2025, but "once again" acknowledged muted demand for its products from distributors, the analyst tells investors.
