Taking everything into account, MYRG scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, MYRG also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
126.28
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice 2 important areas.
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 MYRG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYRG is neutral. |
| ChartMill Relative Strength | 88.32 | POSITIVE | MYRG has a high relative strength, it outperformed 88.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYRG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MYRG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MYRG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.42 | NEUTRAL | The RSI value for MYRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MYRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.89 | NEUTRAL | The Stochastics value for MYRG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for MYRG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.01 | NEGATIVE | The low ADX value for MYRG suggests a weak or negative trend. |
222.39
+0.59 (+0.27%)
ChartMill assigns a technical rating of 7 / 10 to MYRG.
The current trend direction for MYR GROUP INC/DELAWARE (MYRG) is Bullish.
MYR GROUP INC/DELAWARE (MYRG) has an RSI value of 48.4208. This indicates that the stock is currently neutral.
The MACD indicator for MYR GROUP INC/DELAWARE (MYRG) has a value of 0.0041729, indicating a bearish trend.