MIR Consolidates Near Support, Eyes $25 Resistance
$Mirion(MIR)$
Mirion (MIR) Holds Steady +1.10%: Testing $24 Pivot Amidst Consolidation
Latest Close Data:
Closed at $23.81 on 2025-12-23, up +1.10% from the prior close. The price remains approximately 21.4% below its 52-week high of $30.28.
Core Market Drivers:
Recent price action is consolidating within a tight range.
Strong institutional ownership (BlackRock, Vanguard) provides a stable base, but recent 5-day capital flow data shows mixed signals with net outflows in the last three sessions.
Technical Analysis:
Volume ratio of 0.58 indicates below-average activity, suggesting a lack of conviction.
The MACD (-0.350) remains in negative territory, though the histogram shows signs of slowing bearish momentum.
RSI(6) at 42.65 is neutral, recovering from recent oversold conditions but not yet bullish.
Key Price Levels:
Primary Support: $23.28 (tested as recent low).
Immediate Pivot: $24.00 (psychological and technical level).
Strong Resistance: $25.18 (recent swing high).
Valuation Perspective:
Forward P/E of 48.26 is significantly above its historical average of 32.83, indicating high growth expectations are priced in. The P/S ratio of 6.70 also points to a premium valuation.
Analyst Targets:
8 analysts cover MIR with a consensus "Buy" rating. The average price target is $30.625, implying a potential upside of ~28.6% from current levels.
Weekly Outlook:
Expect continued consolidation between $23.28 and $25.18. A decisive break above $25.18 could target the $27-$28 zone, while a break below $23.28 may see a test of the $22.50 support area.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Trading involves risk, including the potential loss of principal. Past performance is not indicative of future results.
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