MISTRAS GROUP INC (MG) Stock Technical Analysis
NYSE:MG - New York Stock Exchange, Inc. - US60649T1079 - Common Stock - Currency: USD
Taking everything into account, MG scores 0 out of 10 in our technical rating. 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: 83% of all stocks are doing 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.
MG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MG is part of the Professional Services industry. There are 82 other stocks in this industry, MG did better than 40% of them.
MG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
7.21
10.14
We found 2 important support areas.
- Support @7.50 from a trend line in the weekly time frame.
- 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 7.58 to 7.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.17 from a trend line in the daily time frame.
- Resistance @9.77 from a trend line in the weekly time frame.
- Resistance @10.04 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 | 17.84 | NEGATIVE | MG has a low relative strength, it was outperformed by 82.16% 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) | 39.45 | NEUTRAL | The RSI value for MG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.59 | NEUTRAL | The Stochastics value for MG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MG suggests some volalility. |
| Average Directional Index/ADX (14) | 27.56 | 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
+0.02 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.27%
1 Week-2.83%
2 Weeks-1.95%
1 Month0%
3 Month-28.64%
6 Month-14.98%
12 Month-1.69%
2 Year-2.2%
3 Year27.1%
5 Year91.14%
10 Year-60.22%
15 Year-29.57%
Volatility
ATR(14)0.19
ATR(20)%2.64%
ATR Inc33.49%
Range Today0.22
ADR(20)0.2
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.84
Mansfield-2.43
10 Day High7.83
10 Day Low7.38
20 Day High7.83
20 Day Low7.22
52 Week High12.44
52 Week Low7.06
CS1 End7.5
CR1 Start7.58
Volume & EV
DER(3)0.3%
DER(5)0.38%
Volume159.30K
Volume Incr19.98%
Vol(5)174.44K
Vol(50)144.84K