Mistras Group Stock Technical Analysis

MG Stock  USD 9.56  0.05  0.52%   
As of the 29th of March, Mistras secures the Downside Deviation of 1.88, mean deviation of 1.68, and Risk Adjusted Performance of 0.118. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mistras Group, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Mistras, which can be compared to its peers in the industry. Please verify Mistras Group information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Mistras Group is priced some-what accurately, providing market reflects its recent price of 9.56 per share. Given that Mistras Group has jensen alpha of 0.2181, we recommend you to check Mistras's last-minute market performance to make sure the company can sustain itself at a future point.

Mistras Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mistras, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Mistras
  
Mistras' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Mistras Analyst Consensus

Target PriceAdvice# of Analysts
10.0Strong Buy3Odds
Mistras Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Mistras analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mistras stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mistras Group, talking to its executives and customers, or listening to Mistras conference calls.
Mistras Analyst Advice Details
Mistras technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Mistras technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mistras trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Mistras Group Technical Analysis

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mistras Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Mistras Group Trend Analysis

Use this graph to draw trend lines for Mistras Group. You can use it to identify possible trend reversals for Mistras as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mistras price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Mistras Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mistras Group applied against its price change over selected period. The best fit line has a slop of   0.03  , which suggests that Mistras Group will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 40.91, which is the sum of squared deviations for the predicted Mistras price change compared to its average price change.

About Mistras Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mistras Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mistras Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mistras Group price pattern first instead of the macroeconomic environment surrounding Mistras Group. By analyzing Mistras's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mistras's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mistras specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Dividend Yield0.0069480.006176
Price To Sales Ratio0.310.3

Mistras March 29, 2024 Technical Indicators

Most technical analysis of Mistras 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 Mistras from various momentum indicators to cycle indicators. When you analyze Mistras charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Mistras March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Mistras stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Mistras Group is a strong investment it is important to analyze Mistras' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mistras' future performance. For an informed investment choice regarding Mistras Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mistras Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Mistras Group information on this page should be used as a complementary analysis to other Mistras' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Mistras Stock analysis

When running Mistras' price analysis, check to measure Mistras' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mistras is operating at the current time. Most of Mistras' value examination focuses on studying past and present price action to predict the probability of Mistras' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mistras' price. Additionally, you may evaluate how the addition of Mistras to your portfolios can decrease your overall portfolio volatility.
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Is Mistras' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mistras. If investors know Mistras will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mistras listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.93)
Earnings Share
(0.58)
Revenue Per Share
23.26
Quarterly Revenue Growth
0.082
Return On Assets
0.0295
The market value of Mistras Group is measured differently than its book value, which is the value of Mistras that is recorded on the company's balance sheet. Investors also form their own opinion of Mistras' value that differs from its market value or its book value, called intrinsic value, which is Mistras' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mistras' market value can be influenced by many factors that don't directly affect Mistras' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mistras' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mistras is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mistras' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.