MONTROSE ENVIRONMENTAL GROUP (MEG) Stock Technical Analysis
NYSE:MEG - New York Stock Exchange, Inc. - US6151111019 - Common Stock - Currency: USD
Overall MEG gets a technical rating of 8 out of 10. Although MEG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MEG has a been trading in the 19.04 - 24.00 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MEG outperforms 58% of them, which is more or less in line with the market.
MEG is an average performer in the Commercial Services & Supplies industry, it outperforms 56% of 83 stocks in the same industry.
MEG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEG is lagging the market slightly.
MEG has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.01
23.86
We found 1 important resistance area.
- A resistance zone ranging from 23.25 to 23.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MEG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEG is up. |
| ChartMill Relative Strength | 58.88 | NEUTRAL | MEG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MEG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.6 | NEUTRAL | The RSI value for MEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.19 | OVERBOUGHT | The high Stochastics value suggests MEG may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for MEG suggests some volalility. |
| Average Directional Index/ADX (14) | 53.68 | POSITIVE | The high ADX value value for MEG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
23.24
-0.38 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-1.61%
1 Week2.38%
2 Weeks11.84%
1 Month18.51%
3 Month58.85%
6 Month36.47%
12 Month-49.84%
2 Year-44.82%
3 Year-31.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%3.96%
ATR Inc-6.61%
Range Today0.72
ADR(20)0.88
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.88
Mansfield-0.32
10 Day High24
10 Day Low20.26
20 Day High24
20 Day Low19.04
52 Week High49.24
52 Week Low10.51
CS1 EndN/A
CR1 Start23.25
Volume & EV
DER(3)-0.2%
DER(5)-0.2%
Volume418.50K
Volume Incr12.78%
Vol(5)420.02K
Vol(50)449.67K