MISTRAS GROUP INC (MG) Technical Analysis
NYSE:MG • US60649T1079
Current stock price
MG Technical Rating and Analysis
Taking everything into account, MG scores 10 out of 10 in our technical rating. 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!
- When comparing the yearly performance of all stocks, we notice that MG is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, MG also shows a nice and consistent pattern of rising prices.
- MG is one of the better performing stocks in the Professional Services industry, it outperforms 89% of 87 stocks in the same industry.
- MG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MG is leading the market.
- In the last month MG has a been trading in the 13.65 - 15.45 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
MG Weekly and Daily overview Charts
MG Setup Rating and Analysis
MG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 14.82, a Stop Loss order could be placed below this zone.
More info and screens
MG Support and Resistance Analysis
12.20
We found 3 important support areas.
- A support zone ranging from 14.48 to 14.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.89 to 14.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.32 from a trend line in the daily time frame.
MG Technical Indicator Signal Analysis
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 | 87.04 | POSITIVE | MG has a high relative strength, it outperformed 87.04% 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) | 59.39 | NEUTRAL | The RSI value for MG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MG has a positive trend. |
| Stochastics (14,3) | 82.66 | OVERBOUGHT | The high Stochastics value suggests MG may be overbought. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for MG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.41 | NEUTRAL | The ADX value for MG suggests a possible start of a new trend. |
MG Chart- and CandleStick Pattern Analysis
MG Example Setup
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 |
|---|---|---|---|
| 15.46 | 14.47 | 0.99 (6.40%) | 15.62% |
| An entry @15.46. This is a Buy Stop order right above the 10 day high. | An exit @14.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.99 points, which is 6.40%. | When investing 15.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
15.3
+0.04 (+0.26%)
MISTRAS GROUP INC / MG TA 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 MG stock?
MISTRAS GROUP INC (MG) has an RSI value of 59.3878. This indicates that the stock is currently neutral.
What is the MACD signal for MG stock?
The MACD indicator for MISTRAS GROUP INC (MG) has a value of 0.0678123, indicating a bearish trend.
What is the short term momentum for MG stock?
The short term momentum for MISTRAS GROUP INC (MG) is positive.