MYR GROUP INC/DELAWARE (MYRG)

US55405W1045 - Common Stock

147.86  +2.4 (+1.65%)

After market: 147.86 0 (0%)

Technical Rating and Analysis

9

Overall MYRG gets a technical rating of 9 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.

Both the short term and long term trends are positive. This is a very positive sign.
MYRG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that MYRG is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MYRG is part of the Construction & Engineering industry. There are 44 other stocks in this industry, MYRG did better than 53% of them.
MYRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MYRG is lagging the market.
Weekly and Daily overview Charts
MYRG Weekly chart
MYRG Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, MYRG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 148.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 147.33, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

126.36

152.30

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 145.94 to 147.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @140.94 from a horizontal line in the daily time frame.
  • A support zone ranging from 127.64 to 128.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 148.67 to 150.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.63
Mansfield-0.63
10 Day High152.23
10 Day Low137.97
20 Day High152.23
20 Day Low113.98
52 Week High181.02
52 Week Low86.6
Performance
1 Week-1.65%
2 Weeks1.81%
1 Month27.63%
3 Month43.83%
6 Month-7.19%
12 Month15.33%
2 Year54.78%
3 Year33.56%
5 Year330.33%
10 Year469.79%
15 Year846.61%
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)
Technical Indicators
MACD(12,26,9)-0.58
RSI(14)65.67
LBB136.04
UBB155.36
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.

ENTRYEXITDISTANCECAPITAL
150.80145.934.87 (3.23%)25.00%
An entry @150.80. This is a Buy Stop order right above the resistance zone.An exit @145.93. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 4.87 points, which is 3.23%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%.

  • 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 Daily chart

MYR GROUP INC/DELAWARE

NASDAQ:MYRG (11/21/2024, 8:00:01 PM)

After market: 147.86 0 (0%)

147.86

+2.4 (+1.65%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg1.65%
1 Week-1.65%
2 Weeks1.81%
1 Month27.63%
3 Month43.83%
6 Month-7.19%
12 Month15.33%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)6.29
ATR(20)%4.39%
ATR Inc
Range Today5.1
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High152.23
10 Day Low137.97
20 Day High152.23
20 Day Low113.98
52 Week High181.02
52 Week Low86.6
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume140.50K
Volume Incr-26.6%
Vol(5)194.32K
Vol(50)230.63K