MYR Group Inc

MYRG remains in a Stage 4 decline with clear lower highs and lower lows and dominant bearish patterns. Price trades below falling EMAs, but extreme oversold and multiple DeMark buy setups suggest short-term exhaustion. We defer new bearish execution, opting to Trim on rallies into the 9/21 EMA resistance zones 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