MESA AIR GROUP INC (MESA) Stock Technical Analysis
NASDAQ:MESA - Nasdaq - US5904791358 - Common Stock - Currency: USD
Taking everything into account, MESA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MESA is a bad performer.
79% of all other stocks performed better in the past year than MESA.
MESA is one of the lesser performing stocks in the Passenger Airlines industry. 80% of 22 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
MESA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MESA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MESA is lagging the market.
Besides having an excellent technical rating, MESA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.15, a Stop Loss order could be placed below this zone.
More info and screens
0.76
1.21
5 important support areas can be observed.
- A support zone ranging from 1.14 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.00 from a trend line in the weekly time frame.
- Support @0.95 from a trend line in the daily time frame.
- Support @0.92 from a horizontal line in the daily time frame.
- Support @0.77 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.17 to 1.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1.20 to 1.20. 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 MESA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MESA is up. |
| ChartMill Relative Strength | 21.64 | NEGATIVE | MESA has a low relative strength, it was outperformed by 78.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MESA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MESA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MESA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.87 | NEUTRAL | The RSI value for MESA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MESA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.74 | OVERBOUGHT | The high Stochastics value suggests MESA may be overbought. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MESA suggests some volalility. |
| Average Directional Index/ADX (14) | 44.36 | POSITIVE | The high ADX value value for MESA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.19 | 1.13 | 0.06 (5.04%) | 19.83% |
| An entry @1.19. This is a Buy Stop order right above the resistance zone. | An exit @1.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.06 points, which is 5.04%. | When investing 19.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MESA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.16
-0.01 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-0.85%
1 Week0.87%
2 Weeks10.48%
1 Month20.78%
3 Month8.92%
6 Month-7.94%
12 Month-18.88%
2 Year-48.21%
3 Year-48.67%
5 Year-62.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.83%
ATR Inc-33.43%
Range Today0.02
ADR(20)0.04
ADR(20)%3.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.64
Mansfield-0.25
10 Day High1.2
10 Day Low1.01
20 Day High1.2
20 Day Low0.9
52 Week High1.45
52 Week Low0.68
CS1 End1.15
CR1 Start1.17
Volume & EV
DER(3)-7.93%
DER(5)-4.57%
Volume48.80K
Volume Incr-22.06%
Vol(5)101.92K
Vol(50)123.31K