MISTRAS GROUP INC (MG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MG • US60649T1079
We assign a technical rating of 10 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 and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MG did better than 88% of all other stocks.
- MG is part of the Professional Services industry. There are 89 other stocks in this industry. MG outperforms 90% of them.
- MG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MG has a been trading in the 13.31 - 14.85 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, MG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 14.30, a Stop Loss order could be placed below this zone.
More info and screens
9.37
4 important support areas can be observed.
- A support zone ranging from 14.13 to 14.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.88 from a horizontal line in the daily time frame.
- Support @11.30 from a trend line in the daily time frame.
- Support @9.46 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.68 to 14.68. 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 | 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 | 88.18 | POSITIVE | MG has a high relative strength, it outperformed 88.18% 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) | 63.63 | NEUTRAL | The RSI value for MG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.82 | NEUTRAL | The Stochastics value for MG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MG suggests some volalility. |
| Average Directional Index/ADX (14) | 30.64 | POSITIVE | The high ADX value value for MG suggests a strong trend. |
14.67
+0.58 (+4.12%)
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 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 63.6338. 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 positive.
What are the support and resistance levels for MISTRAS GROUP INC (MG) stock?
MISTRAS GROUP INC (MG) has a support level at 14.3 and a resistance level at 14.68. Check the full technical report for our detailed analysis of MG support and resistance levels.