Technical Analysis for MHGU - Meritage Hosp Gr

Grade Last Price % Change Price Change
C 19.95 -0.25% -0.0500
MHGU closed down 0.25 percent on Wednesday, May 18, 2022, on 1.3 times normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Flat

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
BB Squeeze Ended Range Expansion 0.00%
Gapped Down Weakness 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup -0.25%
Boomer Sell Setup Bearish Swing Setup -0.25%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.25%
MACD Bullish Signal Line Cross Bullish -0.25%
Bollinger Band Squeeze Range Contraction -0.25%
Calm After Storm Range Contraction -0.25%
Narrow Range Bar Range Contraction -0.25%

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Profile

Meritage Hospitality Group is engaged in the development and operations of restaurants in the United States. The Company's restaurant operations are in the Quick Service and Casual Dining restaurant sectors and include 170 Wendys restaurants and six proprietary chef-casual dining restaurants under the names The Wheelhouse, Twisted Rooster, Crooked Goose and Freighters Eatery & Taproom. The Company's development activities include the acquisition, financing, planning and permitting of land, building and equipment for restaurant operations. Meritage is headquartered in Grand Rapids, Michigan, operating with approximately 5,000 employees.
Classification

Sector: Consumer Cyclical
Industry: Restaurants
Keywords: Chef Quick Service Restaurant Operation Grand Rapids Restaurant

Is MHGU 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 33.75
52 Week Low 16.1
Average Volume 1,536
200-Day Moving Average 21.0935
50-Day Moving Average 20.5724
20-Day Moving Average 20.1265
10-Day Moving Average 19.9580
Average True Range 0.4347
RSI 43.18
ADX 46.66
+DI 12.3360
-DI 40.1213
Chandelier Exit (Long, 3 ATRs) 19.6859
Chandelier Exit (Short, 3 ATRs) 20.0541
Upper Bollinger Bands 20.6372
Lower Bollinger Band 19.6158
Percent B (%b) 0.33
BandWidth 5.0749
MACD Line -0.1707
MACD Signal Line -0.1787
MACD Histogram 0.008
Fundamentals Value
Market Cap 128.9 Million
Num Shares 6.46 Million
EPS 1.85
Price-to-Earnings (P/E) Ratio 10.76
Price-to-Sales 0.29
Price-to-Book 1.36
PEG Ratio 0.00
Dividend 0.06
Dividend Yield 0.30%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.1750
Resistance 3 (R3) 20.1500 20.0500 20.1375
Resistance 2 (R2) 20.0500 19.9927 20.0625 20.1250
Resistance 1 (R1) 20.0000 19.9573 20.0250 20.0250 20.1125
Pivot Point 19.9000 19.9000 19.9125 19.9125 19.9000
Support 1 (S1) 19.8500 19.8427 19.8750 19.8750 19.7875
Support 2 (S2) 19.7500 19.8073 19.7625 19.7750
Support 3 (S3) 19.7000 19.7500 19.7625
Support 4 (S4) 19.7250