MESA AIR GROUP INC (MESA) Stock Technical Analysis
NASDAQ:MESA - Nasdaq - US5904791358 - Common Stock - Currency: USD
Overall MESA gets a technical rating of 6 out of 10. MESA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
87% 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. 90% of 22 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MESA has a been trading in the 0.90 - 1.20 range, which is quite wide. It is currently trading near the high of this range.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MESA has an average technical rating and it also 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
0.75
1.21
We found 5 important support areas.
- A support zone ranging from 1.17 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.98 from a trend line in the weekly time frame.
- Support @0.94 from a trend line in the daily time frame.
- Support @0.92 from a horizontal line in the daily time frame.
- Support @0.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.19 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 | NEUTRAL | NEUTRAL | The long term trend for MESA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MESA is up. |
| ChartMill Relative Strength | 13.89 | NEGATIVE | MESA has a low relative strength, it was outperformed by 86.11% 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) | 72.49 | OVERBOUGHT | The high RSI value suggests MESA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MESA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.78 | OVERBOUGHT | The high Stochastics value suggests MESA may be overbought. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MESA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.9 | 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)
1.18
+0.02 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg1.72%
1 Week12.38%
2 Weeks23.03%
1 Month24.47%
3 Month2.61%
6 Month-9.92%
12 Month-25.08%
2 Year-47.32%
3 Year-47.79%
5 Year-61.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.8%
ATR Inc7.76%
Range Today0.05
ADR(20)0.04
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.89
Mansfield-0.13
10 Day High1.2
10 Day Low0.96
20 Day High1.2
20 Day Low0.9
52 Week High1.61
52 Week Low0.68
CS1 End1.17
CR1 Start1.19
Volume & EV
DER(3)-5.23%
DER(5)-0.62%
Volume95.10K
Volume Incr31.86%
Vol(5)161.88K
Vol(50)128.38K