MISTRAS GROUP INC (MG) Technical Analysis
NYSE:MG • US60649T1079
We assign a technical rating of 9 out of 10 to MG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MG is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, MG did better than 87% of all other stocks.
- MG is part of the Professional Services industry. There are 87 other stocks in this industry. MG outperforms 90% of them.
- MG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MG is performing more or less in line with the market.
- In the last month MG has a been trading in the 13.02 - 15.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 14.15, a Stop Loss order could be placed below this zone.
More info and screens
11.82
We found 2 important support areas.
- A support zone ranging from 13.89 to 14.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.94 from a trend line in the daily time frame.
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 MG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MG is neutral. |
| ChartMill Relative Strength | 87.14 | POSITIVE | MG has a high relative strength, it outperformed 87.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.86 | NEUTRAL | The RSI value for MG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MG has a negative trend. |
| Stochastics (14,3) | 44.92 | NEUTRAL | The Stochastics value for MG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for MG suggests high volalility. |
| Average Directional Index/ADX (14) | 31.84 | POSITIVE | The high ADX value value for MG suggests a strong trend. |
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 |
|---|---|---|---|
| 14.75 | 13.88 | 0.87 (5.91%) | 16.92% |
| An entry @14.75. This is a Buy Stop order right above the 10 day moving average. | An exit @13.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.87 points, which is 5.91%. | When investing 16.92% 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 MG. 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.
MG Technicals: Chart, Performance Metrics, Trend & Indicators
14.16
-0.1 (-0.7%)
MISTRAS GROUP INC / MG FAQ
What is the technical rating for MG stock?
ChartMill assigns a technical rating of 9 / 10 to MG.
What is the trend direction for MG stock?
The current trend direction for MISTRAS GROUP INC (MG) is Bullish.
What is the RSI signal for MISTRAS GROUP INC (MG) stock?
MISTRAS GROUP INC (MG) has an RSI value of 42.8581. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MISTRAS GROUP INC?
The short term momentum for MISTRAS GROUP INC (MG) is neutral.
What are the support and resistance levels for MISTRAS GROUP INC (MG) stock?
MISTRAS GROUP INC (MG) has a support level at 14.15. Check the full technical report for our detailed analysis of MG support and resistance levels.