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 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MATV was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than MATV.
MATV is part of the Chemicals industry. There are 84 other stocks in this industry, of which 69% are performing better than MATV.
MATV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MATV is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MATV has a been trading in the 5.46 - 7.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MATV has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.48
7.05
We found 2 important support areas.
- A support zone ranging from 6.12 to 6.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.54 to 5.58. 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 2 important areas.
- Resistance @6.76 from a trend line in the daily time frame.
- Resistance @6.98 from a horizontal line in the daily time frame.
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 | 10.24 | NEGATIVE | MATV has a low relative strength, it was outperformed by 89.76% off all stocks 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) | DOWN | MIXED | The current price of MATV is above a declining 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) | 53.56 | NEUTRAL | The RSI value for MATV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MATV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.98 | NEUTRAL | The Stochastics value for MATV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for MATV suggests high volalility. |
| Average Directional Index/ADX (14) | 21.28 | NEUTRAL | The ADX value for MATV suggests a possible start of a new 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)
6.33
-0.28 (-4.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-4.24%
1 Week2.59%
2 Weeks10.66%
1 Month5.85%
3 Month4.28%
6 Month-47.03%
12 Month-61.71%
2 Year-58.13%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%5.58%
ATR Inc-22.54%
Range Today0.33
ADR(20)0.31
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.24
Mansfield-4.85
10 Day High7.07
10 Day Low6.03
20 Day High7.07
20 Day Low5.46
52 Week High19.96
52 Week Low4.34
CS1 End6.18
CR1 Start6.76
Volume & EV
DER(3)-0.88%
DER(5)0.09%
Volume402.20K
Volume Incr13.34%
Vol(5)646.90K
Vol(50)636.93K