MISTRAS GROUP INC (MG) Stock Technical Analysis
NYSE:MG - New York Stock Exchange, Inc. - US60649T1079 - Common Stock - Currency: USD
Overall MG gets a technical rating of 0 out of 10. MG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MG is a bad performer in the overall market: 80% of all stocks are doing better.
MG is one of the lesser performing stocks in the Professional Services industry. 60% of 81 stocks in the same industry do better.
MG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MG is lagging the market.
In the last month MG has a been trading in the 7.06 - 9.70 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of MG is bad and it also does not present a 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
7.21
10.33
When analyzing the support we notice one important area.
- A support zone ranging from 7.28 to 7.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 8.05 to 8.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.73 to 8.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.97 from a trend line in the weekly time frame.
- Resistance @10.23 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 | DOWN | NEGATIVE | The long term trend for MG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MG is down. |
| ChartMill Relative Strength | 20.1 | NEGATIVE | MG has a low relative strength, it was outperformed by 79.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.04 | NEUTRAL | The RSI value for MG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.53 | NEUTRAL | The Stochastics value for MG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for MG suggests high volalility. |
| Average Directional Index/ADX (14) | 37.13 | POSITIVE | The high ADX value value for MG 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)
7.55
+0.16 (+2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg2.17%
1 Week2.03%
2 Weeks-6.44%
1 Month-17.58%
3 Month-23.27%
6 Month-18.9%
12 Month-11.7%
2 Year7.55%
3 Year30.4%
5 Year86.88%
10 Year-59.21%
15 Year-36.77%
Volatility
ATR(14)0.26
ATR(20)%5.1%
ATR Inc-53.81%
Range Today0.2
ADR(20)0.35
ADR(20)%4.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.1
Mansfield-2.42
10 Day High8.06
10 Day Low7.22
20 Day High9.7
20 Day Low7.06
52 Week High12.44
52 Week Low7.06
CS1 End7.38
CR1 Start8.05
Volume & EV
DER(3)1.62%
DER(5)1.19%
Volume167.50K
Volume Incr-10.77%
Vol(5)135.68K
Vol(50)170.68K