MYR GROUP INC/DELAWARE (MYRG) Technical Analysis
NASDAQ:MYRG • US55405W1045
Current stock price
MYRG Technical Rating and Analysis
Overall MYRG gets a technical rating of 10 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MYRG is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by MYRG over the past year are nicely spread over this period.
- MYRG is one of the better performing stocks in the Construction & Engineering industry, it outperforms 83% of 55 stocks in the same industry.
- MYRG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MYRG has a been trading in the 257.25 - 323.81 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MYRG Weekly and Daily overview Charts
MYRG Setup Rating and Analysis
Although MYRG has an excellent technical rating, it does not present a decent entry opportunity 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.
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MYRG Support and Resistance Analysis
258.29
We found 2 important support areas.
- A support zone ranging from 271.75 to 276.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 260.90 to 266.18. 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 | UP | POSITIVE | The short term trend for MYRG is up. |
| ChartMill Relative Strength | 95.94 | POSITIVE | MYRG has a high relative strength, it outperformed 95.94% 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) | 71.65 | OVERBOUGHT | The high RSI value suggests MYRG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.35 | POSITIVE | The MACD value suggests MYRG has a positive trend. |
| Stochastics (14,3) | 96.19 | OVERBOUGHT | The high Stochastics value suggests MYRG may be overbought. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MYRG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.29 | NEGATIVE | The low ADX value for MYRG suggests a weak or negative trend. |
MYRG Chart- and CandleStick Pattern Analysis
MYRG Technicals: Chart, Performance Metrics, Trend & Indicators
322.07
+2.53 (+0.79%)
MYR GROUP INC/DELAWARE / MYRG TA FAQ
What is the technical rating for MYRG stock?
ChartMill assigns a technical rating of 10 / 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 MYRG stock?
MYR GROUP INC/DELAWARE (MYRG) has an RSI value of 71.6486. This indicates that the stock is currently overbought.
Can you provide the short term momentum for MYR GROUP INC/DELAWARE?
The short term momentum for MYR GROUP INC/DELAWARE (MYRG) is positive.
Can you provide the support and resistance levels for MYR GROUP INC/DELAWARE?
MYR GROUP INC/DELAWARE (MYRG) has a support level at 276.44. Check the full technical report for our detailed analysis of MYRG support and resistance levels.