MYR Group Stock Pattern Recognition Inverted Hammer

MYRG Stock  USD 269.08  0.11  0.04%   
Use the pattern recognition workspace to apply Inverted Hammer recognition and other studies to MYR. The focus on pattern recognition signals tied to momentum and continuation helps organize trend, volatility, and risk context for MYR.

Recognition
The output start index for this execution was eleven with a total number of output elements of fifty. The function generated a total of one valid pattern recognition events for the selected time horizon. The Inverted Hammer pattern indicates that the buyers drove prices of MYR Group up, at some point during the period, but encountered selling pressure which drove prices back down to close near to where they opened.

MYR Technical Analysis Modules

Most technical analysis of MYR help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MYR from various momentum indicators to cycle indicators. When you analyze MYR charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About MYR Group Inc

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company was founded in 1891 and is headquartered in Henderson, Colorado. MYR operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. It employs 7600 people. As a large-cap equity, MYR is reviewed for growth durability, margin stability, and risk discipline. Current metrics include P/E of 23.54, P/B of 6.33, profit margin of 3.24%. MYR has a market cap of 4.18 B, P/E of 23.54, ROE of 18.79%.

Methodology

Unless otherwise specified, financial data for MYR Group is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. MYR (USA Stocks:MYRG) prices are typically delayed by approximately 20 minutes from primary exchanges for listed equities. Data may be delayed depending on reporting sources and market conventions. Assumptions: We reference public filings and market reference sources and regulatory disclosures, including those published by U.S. Securities and Exchange Commission (SEC) via EDGAR. Data may be normalized and delayed in some cases. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.

Analyst Sources

MYR Group is covered by 7 analysts. 3 analysts have submitted revenue and/or earnings estimates that may be incorporated into Macroaxis consensus inputs where available. Representative analyst firms may include Evercore ISI, Morgan Stanley, BMO Capital Markets, Oppenheimer & Co., Guggenheim Securities, HSBC Global Research, Raymond James, Bernstein Research, among others. Updates may occur throughout the day.


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Tracking MYR inside a portfolio is useful because individual winners can still weaken diversification or distort overall risk targets. A disciplined tracking process turns performance data into better decisions instead of more noise.

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Portfolio Volatility

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MYR Group pair trading

Pair trading with MYR can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.

MYR Pair Trading

MYR Group Pair Trading Analysis

Identifying correlated replacements for MYR is particularly important in concentrated portfolios where MYR Group represents a large allocation. A poor substitute could introduce unintended factor or sector risks that persist beyond the required waiting period.
Correlation is not causation, but for MYR it is a practical tool. High correlations between MYR Group and a potential addition to the portfolio flag concentrated exposure, while low correlations signal diversification potential.
Correlation analysis and pair evaluation for MYR can support hedging context. The method can be applied across sectors and broader equity sets.
Pair CorrelationCorrelation Matching

More Resources for MYR Stock Analysis

Reviewing MYR Group commonly begins with financial statements and performance trends. Financial ratios provide context for profitability, efficiency, and growth trends. Selected reports below provide context for MYR Stock:
MYR has a market cap of 4.18 B, operating margin of 4.67%, ROE of 18.79%. See Correlation Analysis for portfolio-level analysis. This suggests a position in MYR Group within the allocation view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Analysis related to MYR should be read together with other portfolio and risk tools before capital is reallocated. That is especially important when the goal is to improve the overall mix of instruments already held. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
 Quarterly Earnings Growth
1.371
 Earnings Share
7.53
 Revenue Per Share
233.836
 Quarterly Revenue Growth
0.173
 Return On Assets
0.0649
Understanding MYR Group includes distinguishing between market value and book value, where book value reflects MYR accounting equity. MYR's market capitalization is 4.18 B. With a P/B ratio of 6.33, the market values MYR well above its book equity. Enterprise value stands at 4.13 B. Intrinsic value is an estimate of underlying worth, separate from trading price and book value. The valuation process compares these measures for perspective.
The concept of value for MYR differs from its quoted price, since each reflects a different lens. For MYR, key inputs include a P/E ratio of 23.54, a P/B ratio of 6.33, a profit margin of 3.24%, and ROE of 18.79%. Trading price represents the transaction level agreed by market participants.