MYR GROUP INC/DELAWARE (MYRG) Stock Technical Analysis
NASDAQ:MYRG - Nasdaq - US55405W1045 - Common Stock - Currency: USD
Taking everything into account, MYRG scores 9 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.
In the last month MYRG has a been trading in the 177.11 - 220.01 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!
Looking at the yearly performance, MYRG did better than 91% of all other stocks. On top of that, MYRG also shows a nice and consistent pattern of rising prices.
MYRG is one of the better performing stocks in the Construction & Engineering industry, it outperforms 79% of 49 stocks in the same industry.
MYRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MYRG is lagging the market.
Besides having an excellent technical rating, MYRG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 181.00, a Stop Loss order could be placed below this zone.
More info and screens
114.71
191.84
2 important support areas can be observed.
- A support zone ranging from 181.00 to 181.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @115.87 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 189.82 to 189.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 MYRG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYRG is neutral. |
| ChartMill Relative Strength | 91.16 | POSITIVE | MYRG has a high relative strength, it outperformed 91.16% 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) | 43.49 | NEUTRAL | The RSI value for MYRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.77 | NEGATIVE | The MACD value suggests MYRG has a negative trend. |
| Stochastics (14,3) | 9.84 | OVERSOLD | The low Stochastics value suggests MYRG may be oversold. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for MYRG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.65 | POSITIVE | The high ADX value value for MYRG 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)
181.01
-0.53 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.29%
1 Week-2.18%
2 Weeks-3.43%
1 Month-5.69%
3 Month10%
6 Month35.08%
12 Month78.16%
2 Year27.41%
3 Year94.76%
5 Year366.4%
10 Year530.92%
15 Year1197.56%
Volatility
ATR(14)8.69
ATR(20)%4.58%
ATR Inc-37.01%
Range Today4.75
ADR(20)7.88
ADR(20)%4.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.16
Mansfield1.65
10 Day High195.86
10 Day Low177.11
20 Day High220.02
20 Day Low177.11
52 Week High220.02
52 Week Low86.6
CS1 End181
CR1 Start189.82
Volume & EV
DER(3)2.26%
DER(5)2%
Volume356.10K
Volume Incr37.12%
Vol(5)248.48K
Vol(50)185.87K