MYR GROUP INC/DELAWARE (MYRG) Stock Technical Analysis
NASDAQ:MYRG - Nasdaq - US55405W1045 - Common Stock - Currency: USD
Overall MYRG gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MYRG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
MYRG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MYRG is leading the market.
In the last month MYRG has a been trading in the 154.55 - 172.01 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, MYRG did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
MYRG is part of the Construction & Engineering industry. There are 51 other stocks in this industry, MYRG did better than 70% of them.
MYRG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 169.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 168.18, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
110.30
171.04
3 important support areas can be observed.
- A support zone ranging from 165.76 to 168.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 156.84 to 156.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @111.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 169.35 to 169.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.03 | POSITIVE | MYRG has a high relative strength, it outperformed 89.03% 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) | 68.29 | NEUTRAL | The RSI value for MYRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests MYRG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.95 | OVERBOUGHT | The high Stochastics value suggests MYRG may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for MYRG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for MYRG suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 169.36 | 165.75 | 3.61 (2.13%) | 25.00% |
| An entry @169.36. This is a Buy Stop order right above the resistance zone. | An exit @165.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.61 points, which is 2.13%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
169.34
+1.39 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.83%
1 Week2.39%
2 Weeks2.92%
1 Month5.3%
3 Month33.3%
6 Month10.46%
12 Month20.85%
2 Year22.41%
3 Year92.15%
5 Year430.68%
10 Year446.96%
15 Year914.62%
Volatility
ATR(14)5.28
ATR(20)%2.97%
ATR Inc-1.67%
Range Today4.93
ADR(20)4.95
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.03
Mansfield2.33
10 Day High172.01
10 Day Low158.48
20 Day High172.01
20 Day Low154.55
52 Week High172.01
52 Week Low86.6
CS1 End168.18
CR1 Start169.35
Volume & EV
DER(3)-0.43%
DER(5)-0.2%
Volume402.50K
Volume Incr18.18%
Vol(5)231.54K
Vol(50)209.06K