MYR GROUP INC/DELAWARE (MYRG) Technical Analysis
NASDAQ:MYRG • US55405W1045
Current stock price
259.68 USD
-13.98 (-5.11%)
At close:
259.68 USD
0 (0%)
After Hours:
MYRG Technical Rating and Analysis
Taking everything into account, MYRG scores 9 out of 10 in our technical rating. In the last year, MYRG was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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 94% 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 80% of 56 stocks in the same industry.
- MYRG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MYRG is performing more or less in line with the market.
- In the last month MYRG has a been trading in the 251.63 - 290.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYRG Weekly and Daily overview Charts
MYRG Setup Rating and Analysis
Besides having an excellent technical rating, MYRG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 259.67, a Stop Loss order could be placed below this zone.
More info and screens
MYRG Support and Resistance Analysis
131.79
283.83
We found 3 important support areas.
- A support zone ranging from 252.26 to 259.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @236.43 from a trend line in the daily time frame.
- Support @133.12 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 259.73 to 260.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 281.02 to 281.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
MYRG 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 MYRG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYRG is neutral. |
| ChartMill Relative Strength | 94.97 | POSITIVE | MYRG has a high relative strength, it outperformed 94.97% 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) | 46.22 | NEUTRAL | The RSI value for MYRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.2 | NEGATIVE | The MACD value suggests MYRG has a negative trend. |
| Stochastics (14,3) | 55.59 | NEUTRAL | The Stochastics value for MYRG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for MYRG suggests high volalility. |
| Average Directional Index/ADX (14) | 12.88 | NEGATIVE | The low ADX value for MYRG suggests a weak or negative trend. |
MYRG Chart- and CandleStick Pattern Analysis
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)
MYRG 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 |
|---|---|---|---|
| 260.91 | 252.25 | 8.66 (3.32%) | 25.00% |
| An entry @260.91. This is a Buy Stop order right above the resistance zone. | An exit @252.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.66 points, which is 3.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of MYRG. Please evaluate whether better entry and exit points can be found.
- 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.
MYRG Technicals: Chart, Performance Metrics, Trend & Indicators
259.68
-13.98 (-5.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-5.11%
1 Week-0.56%
2 Weeks-0.47%
1 Month-7.59%
3 Month17.42%
6 Month45.19%
12 Month104.41%
2 Year46.92%
3 Year106.08%
5 Year262.33%
10 Year934.17%
15 Year985.62%
Volatility
ATR(14)12.75
ATR(20)%5.22%
ATR Inc61.24%
Range Today17.75
ADR(20)12.99
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.97
3 months CRS91.23
6 months CRS94.51
Mansfield2.98
10 Day High279.02
10 Day Low251.63
20 Day High290.87
20 Day Low251.63
52 Week High290.87
52 Week Low97.72
CS1 End259.67
CR1 Start259.73
Volume & EV
DER(3)0.5%
DER(5)0.36%
Volume373.40K
Volume Incr-10.64%
Vol(5)276.28K
Vol(50)257.60K
MYR GROUP INC/DELAWARE / MYRG TA 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 46.2247. 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 -1.20325, indicating a bearish trend.