MYR GROUP INC/DELAWARE (MYRG) Stock Technical Analysis
USA - NASDAQ:MYRG - US55405W1045 - Common Stock
Taking everything into account, MYRG scores 8 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.
Although MYRG has an excellent technical rating, it does not offer a high quality setup 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
122.42
When analyzing the support we can see 3 important areas.
- Support @184.96 from a trend line in the daily time frame.
- A support zone ranging from 173.80 to 175.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.66 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 205.50 to 207.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 233.49 to 233.59. 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 | NEUTRAL | NEUTRAL | The short term trend for MYRG is neutral. |
| ChartMill Relative Strength | 89.13 | POSITIVE | MYRG has a high relative strength, it outperformed 89.13% 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) | 40.52 | NEUTRAL | The RSI value for MYRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.33 | NEGATIVE | The MACD value suggests MYRG has a negative trend. |
| Stochastics (14,3) | 20.31 | NEUTRAL | The Stochastics value for MYRG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for MYRG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for MYRG suggests a weak or negative trend. |
204.45
-11.96 (-5.53%)
MYR GROUP INC/DELAWARE / MYRG FAQ
What is the technical rating for MYRG stock?
ChartMill assigns a technical rating of 8 / 10 to MYRG.
What is the current trend direction of MYR GROUP INC/DELAWARE (MYRG) stock?
The current trend direction for MYR GROUP INC/DELAWARE (MYRG) is Bullish.
Can you provide the RSI signal for MYR GROUP INC/DELAWARE?
MYR GROUP INC/DELAWARE (MYRG) has an RSI value of 40.5199. This indicates that the stock is currently neutral.
What is the support and resistance level for MYRG stock?
MYR GROUP INC/DELAWARE (MYRG) has a support level at 184.96 and a resistance level at 205.5. Check the full technical report for our detailed analysis of MYRG support and resistance levels.