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MYRG — Oversold Bullish Reversal

Status: Invalidated

Scanner score: 20.0/100

Why this was flagged

MYRG was identified as a bullish technical setup based on the Oversold Bullish Reversal pattern. The scanner found a score of 20.0/100 using trend alignment, momentum, price action, volume, and risk-management rules. Monitor update: Latest daily-chart analysis no longer reports a bullish long setup.

Trade framework

Current price$284.47
Entry zone$284.47 – $287.44
Stop-loss / invalidation$274.04
Target 1$305.34
Target 2$315.77
Reward/risk2.00:1
Suggested holding windowAbout 2–8 trading days; reversal setups should work relatively quickly.
FoundSep 10, 2026 8:36 pm
Potential expirationSep 21, 2026 7:37 pm
Entry plan: Consider a limit order only within the displayed entry zone. If price does not enter that range, skip the trade rather than chasing it.

Position-sizing example

Reference entry$285.95
Planned risk per share$11.92
Example: $100 planned risk8 shares
Example: $250 planned risk20 shares

These examples use the distance between the reference entry and stop-loss. They do not account for commissions, slippage, taxes, overnight gaps, or your personal account size.

Exit plan

  1. Stop-loss: Exit if the stop-loss is reached. Do not move the stop farther away to avoid taking the planned loss.
  2. Target 1: Consider taking partial profit when Target 1 is reached and reducing risk on the remaining shares.
  3. Target 2 or trailing exit: Consider closing the remaining position at Target 2, or use a disciplined trailing stop only if the trend remains strong.
  4. Time exit: Reassess or close a trade that fails to progress within the suggested holding window.

Technical chart

Daily closing price with moving averages and planned trade levels. This chart is a screening aid, not a guarantee of future results.

$216.16$292.68$369.20$445.72$522.24Target 2 $315.77Target 1 $305.34Entry high $287.44Entry low $284.47Stop $274.04May 5, 2026Sep 11, 2026
CloseSMA 20EMA 20SMA 50SMA 200Entry zoneStop-lossTargets

$1,000 educational outcome examples

Example reference entry$285.95
Example fractional shares3.50
If Target 1 is reached$1,067.80 value (+6.8%)
If Target 2 is reached$1,104.29 value (+10.4%)
If the stop-loss is reached$958.32 value (-4.2%)

These examples use a $1,000 position and fractional shares at the midpoint of the entry zone. Actual results can differ because of market gaps, fills, spreads, commissions, taxes, slippage, and changing conditions.

Easy explanation for new investors

Why the scanner noticed this stock
A computer program looked at MYR Group Inc, a company with the stock symbol MYRG. It found something called an "Oversold Bullish Reversal." This means the stock price dropped fast recently. When things fall this quickly, some investors think it might be going down too much too fast. The program checks a number called RSI. Think of RSI like a speedometer for price movement. MYRG’s RSI is 28.49. A low number suggests the stock might be tired from falling. The scanner gave this setup a low score of 20 out of 100. This tells us the match is weak, not strong. It is just a signal to watch, not a definite move.

What the price plan means
If you choose to watch this, the plan has specific numbers. The "entry zone" is between 284.47 and 287.43 dollars. This is where the plan starts. The first target is 305.34 dollars, and the second is 315.77 dollars. These are potential spots to check later. The plan also sets a safety limit called a stop loss at 274.03 dollars. If the price goes below this, the idea is invalid. The plan promises a reward-to-risk ratio of 2. This means for every dollar you risk losing, you aim to gain two dollars. However, this is just a math formula, not a promise of profit.

What could make the idea fail
This setup can fail for many reasons. The RSI is low, but the stock could keep falling instead of turning up. Also, the trading volume is only 0.64 times the usual amount. Low volume means few people are trading, so the price might not move much. The scanner score is very low, suggesting the pattern is not strong. Markets are unpredictable, and past patterns do not guarantee future results.

Important reminder
This information is for education only. It is not financial advice. The stock has a "watch" status. Always do your own research and check the date, which is September 2026. Never risk money you cannot afford to lose.

Recent news context

This automated review is separate from the technical score. It summarizes recent related articles and does not predict price movement.

Overall context: Neutral (Low confidence)

MYR Group Inc. has announced its attendance at the KeyBanc Taking Charge: Energy Transition Symposium on September 17, 2026. The company will participate virtually to meet with institutional investors exclusively from KeyBanc. Executive participation, including the CEO, CFO, and VP of Investor Relations, is standard corporate practice for investor engagement. The recent news coverage is limited to this event announcement, providing no specific financial results, contract awards, or operational updates. With no material adverse facts or positive catalysts present in the supplied articles, the overall sentiment remains neutral.

Potentially supportive context

  • Company executives including the CEO and CFO are scheduled to engage with institutional investors at an upcoming symposium.
  • The company operates in the electrical infrastructure and energy transition sector.

Risks and caution items

  • News coverage is limited to a single event announcement, providing no new financial or operational metrics.
  • Investor engagement is restricted to a specific event exclusively for KeyBanc clients.

Latest reviewed article: Sep 9, 2026 6:25 am

Recent related articles

Important: Some returned articles may describe competitors, industry conditions, or related companies. Open the source before relying on an article.

Scanner confirmations

  • RSI is near oversold territory with bullish candle confirmation.
Important: This is an automated educational screening result, not a buy recommendation. Confirm price, liquidity, earnings dates, news, and your own risk before entering any trade.
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