MATTR CORP (MATR.CA) Stock Technical Analysis
TSX:MATR - Toronto Stock Exchange - CA57722Y1025 - Common Stock - Currency: CAD
Taking everything into account, MATR scores 7 out of 10 in our technical rating. Although MATR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, MATR is a bad performer in the overall market: 80% of all stocks are doing better.
MATR is part of the Energy Equipment & Services industry. There are 26 other stocks in this industry, of which 64% are performing better than MATR.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MATR has a been trading in the 9.34 - 12.20 range, which is quite wide. It is currently trading near the high of this range.
MATR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MATR is lagging the market.
Besides having an excellent technical rating, MATR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.83. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.97
12.10
When analyzing the support we can see 3 important areas.
- Support @11.30 from a horizontal line in the daily time frame.
- Support @9.28 from a horizontal line in the daily time frame.
- Support @9.06 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.83 to 11.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MATR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MATR.CA is up. |
| ChartMill Relative Strength | 20.81 | NEGATIVE | MATR.CA has a low relative strength, it was outperformed by 79.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MATR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MATR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MATR.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.07 | NEUTRAL | The RSI value for MATR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MATR.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.36 | NEUTRAL | The Stochastics value for MATR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for MATR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.03 | POSITIVE | The high ADX value value for MATR.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.99 | 11.29 | 0.70 (5.84%) | 17.13% |
| An entry @11.99. This is a Buy Stop order right above the resistance zone. | An exit @11.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.70 points, which is 5.84%. | For a 1.00% total portfolio risk, you can invest 17.13% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MATR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MATR (6/25/2025, 7:00:00 PM)
11.73
-0.1 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.85%
1 Week0.77%
2 Weeks6.73%
1 Month20.93%
3 Month12.68%
6 Month-5.4%
12 Month-29.84%
2 Year-37.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%3.69%
ATR Inc6.09%
Range Today0.2
ADR(20)0.41
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.81
Mansfield-1.24
10 Day High12.2
10 Day Low10.9
20 Day High12.2
20 Day Low9.34
52 Week High18.09
52 Week Low8.47
CS1 End11.3
CR1 Start11.83
Volume & EV
DER(3)0.55%
DER(5)-1.11%
Volume156.75K
Volume Incr-46.09%
Vol(5)188.64K
Vol(50)263.71K