Overall MYRG gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MYRG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- MYRG is one of the better performing stocks in the Construction & Engineering industry, it outperforms 77% of 55 stocks in the same industry.
- MYRG 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.
- Looking at the yearly performance, MYRG did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month MYRG has a been trading in the 215.40 - 263.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYRG has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
127.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 221.40 to 233.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @212.14 from a horizontal line in the daily time frame.
- Support @128.67 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for MYRG is up. |
| ChartMill Relative Strength | 89.06 | POSITIVE | MYRG has a high relative strength, it outperformed 89.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MYRG is above 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) | 57.66 | NEUTRAL | The RSI value for MYRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.92 | POSITIVE | The MACD value suggests MYRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.01 | NEUTRAL | The Stochastics value for MYRG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for MYRG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.57 | NEGATIVE | The low ADX value for MYRG suggests a weak or negative trend. |
244.6
-5.47 (-2.19%)
MYR GROUP INC/DELAWARE / MYRG FAQ
What is the technical rating for MYRG stock?
ChartMill assigns a technical rating of 9 / 10 to MYRG.
What is the trend direction for MYRG stock?
The current trend direction for MYR GROUP INC/DELAWARE (MYRG) is Bullish.
What is the RSI signal for MYR GROUP INC/DELAWARE (MYRG) stock?
MYR GROUP INC/DELAWARE (MYRG) has an RSI value of 57.6573. This indicates that the stock is currently neutral.
What is the MACD signal for MYRG stock?
The MACD indicator for MYR GROUP INC/DELAWARE (MYRG) has a value of 1.9235, indicating a bullish trend.
Can you provide the buy/sell signal for MYR GROUP INC/DELAWARE?
The buy/sell signal for MYR GROUP INC/DELAWARE (MYRG) is buy as both the short term and long term trends are positive.