MYR Group Inc

MYRG remains in a Stage 4 decline with clear lower highs and lower lows reinforced by Bearish Pivot Point and Support Failure patterns. Price trades below declining EMAs and has accelerated selling, but extreme oversold RSI and exhaustion signals make fresh bearish entries unattractive. We defer new selling and plan to Trim on rallies into the 9/21 EMA resistance zone with rejection-based interaction.

• ↑Q1 2026 revenue $1B (+20% YoY) and net income $47M (+106% YoY)
• ↑Backlog reached $2.84B (+8% YoY), underpinning future growth
• ↓Earnings yield negative and low book-to-price suggest overvaluation