Technical analysis from MYR Group (MYRG, NASDAQ:MYRG) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

MYR Group
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The TMA trend following signal is still current for MYR Group [Bearish]
Triangular Moving Average /
The TMA trend following signal is still current for MYR Group [Bearish]

MYRG: TMA Recent Trading -> (1) 22 Jun: 36.8570 (2) 21 Jun: 37.0470 (3) 20 Jun: 37.3190

Bearish trading conditions for MYR Group has been signalled from the DPO (-3.042)
Detrended Price Oscillator /
Bearish trading conditions for MYR Group has been signalled from the DPO (-3.042)

[BEARISH]: MYR Group currently has a confirmed downtrend. Price is currently below the displaced moving average for MYRG. Currently, the return on DPO20 is -0.2%.

Elder Ray Index /
Bear power has increased for MYR Group signalling bearish conditions are likely

[BEARISH]: MYR Group Elder Ray Index is signalling a Bearish movementERI is -1.28 indicating bear power. Prices are being driven below the consensus of value for MYRG during the last trading session [Selling Pressure]

Weighted Moving Average /
The WMA trend following signal is still current for MYR Group [Bearish]

[BEARISH]: MYR Group currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.2%.

Open Tod Vs Close Tod /
MYR Group: Sellers have taken control.

MYRG: Open today versus close yesterday Current Signal ->(1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH STRONG

Chaikin Money Flow /
CMF Crossover & commencement of potential trend change for MYR Group

[BEARISH CROSSOVER]: MYR Group current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.05. During the quarter, the lowest CMF value was -0.26 occurring on the Jun 20 2018.

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Daily Volume Index /
DVI: Distribution still active for MYR Group

[BEARISH]: MYR Group current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -154.

Opening Price /
Price for MYRG has opened stronger than close of the previous trading session

[BULLISH]: MYR Group opening price has gapped up. Currently, the OPEN is $36.18 (-0.4 %).

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PPO has negative momentum signalling a continuation of downward price fall for MYRG
Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for MYRG

[BEARISH]: MYR Group currently has negative PPO -0.556%. This means the current price is losing momentum through a fall on the short term exponential moving average.

MYRG: Current trading activity signals accumulation is active
Accumulation / Distribution /
MYRG: Current trading activity signals accumulation is active

[BULLISH]: MYR Group current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 154122.

Medium Trend /
MYRG: Medium term trend is still an Downtrend

[BEARISH]: MYR Group has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 19 2018.

Woodie Pivot Point /
MYR Group: Look for a long limit order entry @$36.216

MYR Group has broken the first Woodie resistance point ($36.216) [Bullish]. Look for a long limit order entry near this point. Exit price for MYRG should be set @$36.673 & Stoploss for MYR Group should be set at $35.453

Rate of Change /
14-day rate of change is decreasing for MYR Group

[BEARISH]: MYR Group currently has negative rate of change of -10.292%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

MYR Group: Close versus price range (0%.)
Close Tod Vs Range Tod /
MYR Group: Close versus price range (0%.)

MYRG: Close versus price range Current Signal ->(1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Volume MACD for MYR Group continues to gain momentum @1807
MACD Volume /
Volume MACD for MYR Group continues to gain momentum @1807

[BULLISH]: MYR Group currently has positive Volume MACD of 1807. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-40) for MYR Group

[BEARISH]: MYR Group has a current ARU(25) of 56 and a current ARD(25) of 96

Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for MYRG

MYR Group Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MYRG. Trend continuation possible for MYRG from reduced trading activity.

Price Range /
MYR Group: Daily price range is $0.61 [Decreasing Range]

MYRG: Price Range Recent Trading -> (1) 22 Jun: 0.61 (2) 21 Jun: 1 (3) 20 Jun: 1.36

Simple Moving Average(5) signal continues for MYR Group indicating downward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for MYR Group indicating downward price movement is likely

[BEARISH]: MYR Group currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.2%.

Stoploss for MYR Group should be set at $15.48
Fibonacci Extensions /
Stoploss for MYR Group should be set at $15.48

MYR Group has moved above the 161.8% level ($16.48) [Bearish]. Look for a short limit order entry near this point. Exit price for MYRG should be set @$17.48 & short position stoploss for MYR Group should be set at $15.48

Sine Weighted Moving Average(5) signal continues for MYR Group indicating downward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for MYR Group indicating downward price movement is likely

[BEARISH]: MYR Group currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.2%.

Bull Harami /
MYR Group: Bull Harami

[BULLISH]: MYR Group has formed a new Bull Harami reversal pattern.

Average True Range /
MYRG: Average True Range has confirmed an downtrend @1.124

MYRG: Average True Range Recent Trading -> (1) 22 Jun: 1.124 (2) 21 Jun: 1.164 (3) 20 Jun: 1.177

Closing Price /
[Bearish]: MYR Group has failed to beat previous close by -0.2 %

MYRG: CLOSE Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

MYR Group is in a short term downtrend with the resistance price @$36.4166
Exponential Moving Average /
MYR Group is in a short term downtrend with the resistance price @$36.4166

[BEARISH]: MYR Group currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.2%.

Sellers continue to be keener than buyers for MYR Group & are driving the price down.
Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for MYR Group & are driving the price down.

[BEARISH]: MYR Groupsellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for MYRG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.9 & the greatest daily negative change this year has been -7.9. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -18.9%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -6.7%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -1.200000%

Momentum /
Negative momentum for MYR Group is a leading indicator for continued price falls

MYRG: MOM Recent Trading -> (1) 22 Jun: -0.58 (2) 21 Jun: -0.6 (3) 20 Jun: -1.45

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