MONTROSE ENVIRONMENTAL GROUP (MEG) Stock Technical Analysis
NYSE:MEG - US6151111019 - Common Stock
28.73 USD
-1.94 (-6.33%)
28.73 USD
0 (0%)
Taking everything into account, MEG scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MEG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MEG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MEG is lagging the market slightly.
In the last month MEG has a been trading in the 22.28 - 32.00 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MEG is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MEG is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, MEG did better than 69% of them.
Although MEG has an excellent technical rating, it does not offer a high quality setup 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
20.97
31.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.13 to 23.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.18 to 21.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.06 to 31.06. 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 | 76.33 | POSITIVE | MEG has a high relative strength, it outperformed 76.33% off all stocks 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) | UP | POSITIVE | The current price of MEG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.73 | NEUTRAL | The RSI value for MEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.17 | NEUTRAL | The Stochastics value for MEG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for MEG suggests high volalility. |
| Average Directional Index/ADX (14) | 44.27 | 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)
28.73
-1.94 (-6.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-6.33%
1 Week-1.51%
2 Weeks5.51%
1 Month26.45%
3 Month34.19%
6 Month66.55%
12 Month-0.79%
2 Year-1.81%
3 Year-14.62%
5 Year20.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%5.98%
ATR Inc46.08%
Range Today2.06
ADR(20)1.69
ADR(20)%5.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.33
Mansfield2.63
10 Day High31.22
10 Day Low26.6
20 Day High32
20 Day Low22.28
52 Week High32
52 Week Low10.51
CS1 End23.31
CR1 Start31.06
Volume & EV
DER(3)4.83%
DER(5)2.53%
Volume403.60K
Volume Incr-32.9%
Vol(5)402.14K
Vol(50)447.78K