Technical Analysis for MEG - Montrose Environmental Group, Inc.

Grade Last Price % Change Price Change
B 48.34 0.73% 0.35
MEG closed up 0.95 percent on Friday, May 17, 2024, on 41 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.73%
NR7 Range Contraction 0.73%
Narrow Range Bar Range Contraction 0.73%
Inside Day Range Contraction 0.73%
Overbought Stochastic Strength 0.73%
Up 3 Days in a Row Strength 0.73%
Up 4 Days in a Row Strength 0.73%
Up 5 Days in a Row Strength 0.73%
Calm After Storm Range Contraction 1.68%
Stochastic Reached Overbought Strength 1.68%

   Recent Intraday Alerts

Alert Time
Up 1% 18 minutes ago
Rose Above Previous Day's High 41 minutes ago
Possible NR7 3 days ago
Possible Inside Day 3 days ago
Up 1% 3 days ago

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Profile

Montrose Environmental Group, Inc. is a leading environmental services company with operations across North America, Australia and Europe. Montrose supports government and commercial organizations with a diverse range of services, from comprehensive air measurement and laboratory services to regulatory compliance, permitting, engineering, and remediation.
Classification

Sector: Industrials
Industry: Waste Management
Keywords: Occupational Safety And Health Environmental Services Regulatory Compliance Laboratory Services Air Pollution

Is MEG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 49.15
52 Week Low 21.96
Average Volume 330,180
200-Day Moving Average 34.19
50-Day Moving Average 42.12
20-Day Moving Average 44.16
10-Day Moving Average 45.87
Average True Range 2.12
RSI (14) 63.77
ADX 18.21
+DI 31.61
-DI 21.58
Chandelier Exit (Long, 3 ATRs) 42.78
Chandelier Exit (Short, 3 ATRs) 44.37
Upper Bollinger Bands 49.07
Lower Bollinger Band 39.25
Percent B (%b) 0.89
BandWidth 22.24
MACD Line 1.53
MACD Signal Line 1.25
MACD Histogram 0.2814
Fundamentals Value
Market Cap 1.45 Billion
Num Shares 30.2 Million
EPS -1.89
Price-to-Earnings (P/E) Ratio -25.39
Price-to-Sales 1.78
Price-to-Book 3.21
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.57
Resistance 3 (R3) 49.44 48.78 49.30
Resistance 2 (R2) 48.78 48.38 48.85 49.21
Resistance 1 (R1) 48.39 48.13 48.59 48.52 49.13
Pivot Point 47.73 47.73 47.83 47.80 47.73
Support 1 (S1) 47.34 47.33 47.54 47.47 46.85
Support 2 (S2) 46.68 47.08 46.75 46.77
Support 3 (S3) 46.29 46.68 46.68
Support 4 (S4) 46.42