222.39 USD
+0.59 (+0.27%)
222.39 USD
0 (0%)
Taking everything into account, MYRG scores 7 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MYRG is one of the better performing stocks in the Construction & Engineering industry, it outperforms 77% of 54 stocks in the same industry.
MYRG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MYRG is lagging the market slightly.
Looking at the yearly performance, MYRG did better than 88% 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 209.38 - 236.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MYRG also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- 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
126.28
238.21
When analyzing the support we can see 4 important areas.
- Support @221.60 from a trend line in the daily time frame.
- Support @211.12 from a trend line in the daily time frame.
- A support zone ranging from 203.60 to 203.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @127.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 223.56 to 225.99. 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 235.85. 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 | 88.32 | POSITIVE | MYRG has a high relative strength, it outperformed 88.32% 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) | 48.42 | NEUTRAL | The RSI value for MYRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MYRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.89 | NEUTRAL | The Stochastics value for MYRG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for MYRG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.01 | NEGATIVE | The low ADX value for MYRG suggests a weak or negative 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)
222.39
+0.59 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.27%
1 Week-1.91%
2 Weeks-2%
1 Month-1.81%
3 Month13.14%
6 Month21.09%
12 Month55.56%
2 Year54.6%
3 Year124.5%
5 Year299.91%
10 Year1011.39%
15 Year911.32%
Volatility
ATR(14)8.18
ATR(20)%3.98%
ATR Inc68.46%
Range Today5.3
ADR(20)8.64
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.32
3 months CRS82.08
6 months CRS82.05
Mansfield1.55
10 Day High236.83
10 Day Low215.4
20 Day High236.83
20 Day Low209.38
52 Week High241.13
52 Week Low97.72
CS1 End221.6
CR1 Start223.56
Volume & EV
DER(3)-2.45%
DER(5)-2.4%
Volume138.20K
Volume Incr-18.01%
Vol(5)192.66K
Vol(50)241.32K
MYR GROUP INC/DELAWARE / MYRG FAQ
What is the technical rating for MYRG stock?
ChartMill assigns a technical rating of 7 / 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 48.4208. 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 0.0041729, indicating a bearish trend.