MONTROSE ENVIRONMENTAL GROUP (MEG) Technical Analysis
NYSE:MEG • US6151111019
Current stock price
MEG Technical Rating and Analysis
Overall MEG gets a technical rating of 2 out of 10. MEG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- MEG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- MEG is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 79% of 80 stocks in the same industry.
- When comparing the performance of all stocks over the past year, MEG turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- MEG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MEG is lagging the market.
MEG Weekly and Daily overview Charts
MEG Setup Rating and Analysis
MEG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.57, a Stop Loss order could be placed below this zone.
More info and screens
MEG Support and Resistance Analysis
20.29
We found 1 important support area.
- A support zone ranging from 20.49 to 20.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 22.70 to 22.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.96 from a horizontal line in the daily time frame.
- Resistance @27.23 from a horizontal line in the daily time frame.
- A resistance zone ranging from 28.58 to 28.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.07 to 29.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.93 from a horizontal line in the daily time frame.
MEG Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MEG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEG is down. |
| ChartMill Relative Strength | 69.6 | NEUTRAL | MEG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MEG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.86 | NEUTRAL | The RSI value for MEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MEG has a positive trend. |
| Stochastics (14,3) | 17.96 | OVERSOLD | The low Stochastics value suggests MEG may be oversold. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for MEG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.45 | NEGATIVE | The low ADX value for MEG suggests a weak or negative trend. |
MEG Chart- and CandleStick Pattern Analysis
MEG Technicals: Chart, Performance Metrics, Trend & Indicators
20.88
-0.16 (-0.76%)
MONTROSE ENVIRONMENTAL GROUP / MEG TA FAQ
What is the technical rating for MEG stock?
ChartMill assigns a technical rating of 2 / 10 to MEG.
Can you provide the trend direction for MONTROSE ENVIRONMENTAL GROUP?
The current trend direction for MONTROSE ENVIRONMENTAL GROUP (MEG) is Bearish.
What is the RSI signal for MONTROSE ENVIRONMENTAL GROUP (MEG) stock?
MONTROSE ENVIRONMENTAL GROUP (MEG) has an RSI value of 39.8562. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MONTROSE ENVIRONMENTAL GROUP?
The MACD indicator for MONTROSE ENVIRONMENTAL GROUP (MEG) has a value of 0.0341701, indicating a bearish trend.
What is the buy/sell signal for MEG stock?
The buy/sell signal for MONTROSE ENVIRONMENTAL GROUP (MEG) is sell as both the short term and long term trends are negative.