MESA AIR GROUP INC (MESA) Stock Technical Analysis
NASDAQ:MESA - US5904791358 - Common Stock
1.185 USD
+0.02 (+1.28%)
1.1894 USD
+0 (+0.37%)
We assign a technical rating of 8 out of 10 to MESA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MESA is only an average performer.
MESA is one of the lesser performing stocks in the Passenger Airlines industry. 90% of 22 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month MESA has a been trading in the 1.03 - 1.22 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MESA turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
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.
Volume is considerably higher in the last couple of days.
Although MESA 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
0.77
1.21
3 important support areas can be observed.
- A support zone ranging from 1.05 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.01 from a trend line in the daily time frame.
- Support @0.78 from a trend line in the weekly time frame.
We found 1 important resistance area.
- 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 | 45.62 | NEUTRAL | MESA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MESA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.05 | 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. |
| Stochastics (14,3) | 78.07 | NEUTRAL | The Stochastics value for MESA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for MESA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.92 | 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)
1.185
+0.02 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg1.28%
1 Week4.87%
2 Weeks9.72%
1 Month1.28%
3 Month13.94%
6 Month3.04%
12 Month-6.69%
2 Year-13.5%
3 Year-51.23%
5 Year-67.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%3.79%
ATR Inc-58.45%
Range Today0.02
ADR(20)0.04
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.62
Mansfield0.03
10 Day High1.22
10 Day Low1.07
20 Day High1.22
20 Day Low1.03
52 Week High1.43
52 Week Low0.68
CS1 End1.08
CR1 Start1.2
Volume & EV
DER(3)-1.43%
DER(5)3.83%
Volume66.50K
Volume Incr104.37%
Vol(5)160.76K
Vol(50)116.17K