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 7 out of 10. MATV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MATV is one of the better performing stocks in the Chemicals industry, it outperforms 72% of 85 stocks in the same industry.
In the last month MATV has a been trading in the 6.17 - 9.79 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, MATV outperforms 58% of them, which is more or less in line with the market.
MATV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MATV is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MATV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.34
9.51
2 important support areas can be observed.
- A support zone ranging from 7.35 to 7.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.40 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.42 to 9.42. 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 | NEUTRAL | NEUTRAL | The long term trend for MATV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MATV is up. |
| ChartMill Relative Strength | 58.52 | 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 | MIXED | The current price of MATV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.83 | OVERBOUGHT | The high RSI value suggests MATV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests MATV has a positive trend. |
| Stochastics (14,3) | 90.9 | OVERBOUGHT | The high Stochastics value suggests MATV may be overbought. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for MATV suggests high volalility. |
| Average Directional Index/ADX (14) | 28.18 | POSITIVE | The high ADX value value for MATV 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)
9.41
+0.02 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.21%
1 Week47.72%
2 Weeks24.47%
1 Month25.97%
3 Month55.02%
6 Month3.41%
12 Month-48.18%
2 Year-42.74%
3 Year-60.25%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%5.47%
ATR Inc160.86%
Range Today0.54
ADR(20)0.42
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.52
Mansfield-1.41
10 Day High9.79
10 Day Low6.17
20 Day High9.79
20 Day Low6.17
52 Week High19.96
52 Week Low4.34
CS1 End6.38
CR1 StartN/A
Volume & EV
DER(3)0.72%
DER(5)-0.86%
Volume1.23M
Volume Incr86.27%
Vol(5)950.27K
Vol(50)615.74K