MATIV HOLDINGS INC (MATV) Stock Technical Analysis
NYSE:MATV - New York Stock Exchange, Inc. - US8085411069 - Common Stock - Currency: USD
Overall MATV gets a technical rating of 5 out of 10. In the past year, MATV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, MATV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 7.24, a Stop Loss order could be placed below this zone.
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6.98
When analyzing the support we notice one important area.
- A support zone ranging from 7.05 to 7.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.27 to 7.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for MATV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MATV is up. |
| ChartMill Relative Strength | 30.54 | NEUTRAL | MATV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MATV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MATV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MATV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.14 | NEUTRAL | The RSI value for MATV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MATV has a negative trend. |
| Stochastics (14,3) | 51.82 | NEUTRAL | The Stochastics value for MATV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for MATV suggests some volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for MATV suggests a possible start of a new trend. |
7.25
-0.06 (-0.82%)