MYR Group's 15min chart shows MACD Death Cross and Bearish Marubozu.

Based on MYR Group's 15-minute chart, there is evidence of a MACD Death Cross and a Bearish Marubozu at 09/03/2025 13:45. This suggests that the stock price has the potential to continue declining, with sellers dominating the market and a likely continuation of bearish momentum.

Myers Industries Inc. (NYSE: MYE), a leading manufacturer of sustainable plastic and metal products, has been experiencing significant market shifts. According to recent technical analysis, the stock price of Myers Industries (MYE) has shown signs of a MACD Death Cross and a Bearish Marubozu on September 3, 2025, at 13:45 [1]. This technical indicator suggests a potential continuation of the stock's downward trend, with sellers dominating the market and a likely continuation of bearish momentum.

The company's latest quarterly dividend announcement on September 2, 2025, did not provide substantial support to the stock price. Myers Industries declared a quarterly cash dividend of $0.135 per share, payable on October 2, 2025, to shareholders of record as of September 12, 2025 [2]. While the dividend is a positive signal of the company's commitment to shareholder returns, it did not seem to influence the stock price positively.

Additionally, Myers Industries reported a decline in net sales and net income for the second quarter of 2025. The company's net sales decreased by 4.8% to $209.6 million, while net income declined by 5.6% to $9.7 million [3]. The company announced strategic initiatives, including a review of its Myers Tire Supply business, the idling of two rotational molding facilities, and progress toward cost savings by the end of 2025. These initiatives are aimed at improving operational efficiency and financial performance.

The resignation of CFO Grant Fitz and the appointment of Daniel Hoehn as interim CFO also contributed to market volatility. The leadership transition is not related to any accounting or financial statement matters [4]. The company expressed confidence in Hoehn's ability to lead the finance group during the transition period and continue progress on the company's Focused Transformation initiative.

Overall, the recent technical indicators and financial developments suggest a challenging period for Myers Industries. Investors should closely monitor the company's financial performance and strategic initiatives to gauge the potential for recovery. For more detailed information, investors can refer to Myers Industries' official news hub and investor relations website.

References:
[1] https://www.stocktitan.net/news/MYE/
[2] https://www.stocktitan.net/news/MYE/
[3] https://www.stocktitan.net/news/MYE/
[4] https://www.stocktitan.net/news/MYE/