MISTRAS GROUP INC (MG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MG - US60649T1079 - Common Stock
Overall MG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MG has an excellent technical rating, it does not present a decent entry opportunity 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.
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8.44
5 important support areas can be observed.
- A support zone ranging from 11.16 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.94 from a trend line in the daily time frame.
- Support @9.46 from a horizontal line in the daily time frame.
- Support @8.78 from a trend line in the daily time frame.
- Support @8.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.28 to 12.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 MG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MG is up. |
| ChartMill Relative Strength | 89.16 | POSITIVE | MG has a high relative strength, it outperformed 89.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MG is above 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) | 57.1 | NEUTRAL | The RSI value for MG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MG has a negative trend. |
| Stochastics (14,3) | 52.68 | NEUTRAL | The Stochastics value for MG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for MG suggests high volalility. |
| Average Directional Index/ADX (14) | 37.57 | POSITIVE | The high ADX value value for MG suggests a strong trend. |
11.78
+0.61 (+5.46%)
MISTRAS GROUP INC / MG FAQ
What is the technical rating for MG stock?
ChartMill assigns a technical rating of 10 / 10 to MG.
What is the current trend direction of MISTRAS GROUP INC (MG) stock?
The current trend direction for MISTRAS GROUP INC (MG) is Bullish.
Can you provide the RSI signal for MISTRAS GROUP INC?
MISTRAS GROUP INC (MG) has an RSI value of 57.0998. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MISTRAS GROUP INC?
The MACD indicator for MISTRAS GROUP INC (MG) has a value of -0.0834851, indicating a bearish trend.
What is the buy/sell signal for MISTRAS GROUP INC (MG) stock?
The buy/sell signal for MISTRAS GROUP INC (MG) is buy as both the short term and long term trends are positive.