Technical Analysis for MHGUP - Meritage Hospitality

Grade Last Price % Change Price Change
grade A 37.0 0.00% 0.0000
MHGUP closed unchanged on Wednesday, January 22, 2020, on 13 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up
Historical MHGUP trend table...

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Stochastic Sell Signal Bearish 0.00%
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Reversal New Highs Setup Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
Older signals for MHGUP ...

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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.
Restaurant Quick Service

Is MHGUP 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 37.0
52 Week Low 18.7
Average Volume 1,552
200-Day Moving Average 0.0000
50-Day Moving Average 33.2040
20-Day Moving Average 32.8100
10-Day Moving Average 33.9850
Average True Range 0.8649
ADX 23.0
+DI 59.5418
-DI 26.0008
Chandelier Exit (Long, 3 ATRs ) 34.4053
Chandelier Exit (Short, 3 ATRs ) 32.5447
Upper Bollinger Band 36.9832
Lower Bollinger Band 28.6368
Percent B (%b) 1.0
BandWidth 25.4386
MACD Line 0.9481
MACD Signal Line 0.2772
MACD Histogram 0.6709
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.5000
Resistance 3 (R3) 38.3333 37.6667 38.2500
Resistance 2 (R2) 37.6667 37.2847 37.7500 38.1666
Resistance 1 (R1) 37.3333 37.0487 37.5000 37.5000 38.0833
Pivot Point 36.6667 36.6667 36.7500 36.7500 36.6667
Support 1 (S1) 36.3333 36.2847 36.5000 36.5000 35.9167
Support 2 (S2) 35.6667 36.0487 35.7500 35.8334
Support 3 (S3) 35.3333 35.6667 35.7500
Support 4 (S4) 35.5000