MISTRAS GROUP INC (MG) Stock Technical Analysis
USA - NYSE:MG - US60649T1079 - Common Stock
9.39 USD
-0.17 (-1.78%)
9.17 USD
-0.22 (-2.34%)
We assign a technical rating of 5 out of 10 to MG. MG was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
When comparing the yearly performance of all stocks, MG is a bad performer in the overall market: 64% of all stocks are doing better.
In the last month MG has a been trading in the 9.35 - 10.51 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MG is one of the better performing stocks in the Professional Services industry, it outperforms 72% of 82 stocks in the same industry.
MG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MG is lagging the market.
Although the technical rating is only medium, MG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 9.39, a Stop Loss order could be placed below this zone.
More info and screens
8.19
10.34
3 important support areas can be observed.
- A support zone ranging from 9.38 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.42 from a trend line in the daily time frame.
- Support @8.27 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @9.46 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.71 to 9.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.20 to 10.24. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MG is neutral. |
| ChartMill Relative Strength | 36.07 | NEUTRAL | MG is not amongst the best or worst performers 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) | 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) | 44.57 | NEUTRAL | The RSI value for MG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MG has a negative trend. |
| Stochastics (14,3) | 11.7 | OVERSOLD | The low Stochastics value suggests MG may be oversold. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for MG suggests some volalility. |
| Average Directional Index/ADX (14) | 42.62 | 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)
9.39
-0.17 (-1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-1.78%
1 Week-3.89%
2 Weeks-3%
1 Month-0.95%
3 Month15.36%
6 Month0.64%
12 Month-18.49%
2 Year71.66%
3 Year104.13%
5 Year152.42%
10 Year-50.37%
15 Year-12.97%
Volatility
ATR(14)0.33
ATR(20)%3.44%
ATR Inc-12.13%
Range Today0.34
ADR(20)0.32
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.07
Mansfield-0.61
10 Day High10.51
10 Day Low9.37
20 Day High10.51
20 Day Low9.35
52 Week High12.44
52 Week Low7.06
CS1 End9.39
CR1 Start9.46
Volume & EV
DER(3)-2.07%
DER(5)-2.92%
Volume113.00K
Volume Incr-31.36%
Vol(5)87.70K
Vol(50)120.82K