MATIV HOLDINGS INC (MATV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MATV - US8085411069 - Common Stock
We assign a technical rating of 7 out of 10 to MATV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MATV is showing a nice and steady performance.
Besides having an excellent technical rating, MATV also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.23, a Stop Loss order could be placed below this zone.
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8.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.81 to 12.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.62 from a horizontal line in the daily time frame.
- A support zone ranging from 8.81 to 8.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @12.76 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 13.21 to 13.22. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MATV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MATV is neutral. |
| ChartMill Relative Strength | 86.1 | POSITIVE | MATV has a high relative strength, it outperformed 86.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MATV is below 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) | UP | POSITIVE | The current price of MATV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.87 | NEUTRAL | The RSI value for MATV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MATV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.79 | NEUTRAL | The Stochastics value for MATV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for MATV suggests some volalility. |
| Average Directional Index/ADX (14) | 10.91 | NEGATIVE | The low ADX value for MATV suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.77 | 11.80 | 0.97 (7.60%) | 13.16% |
| An entry @12.77. This is a Buy Stop order right above the resistance zone. | An exit @11.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.97 points, which is 7.60%. | For a 1.00% total portfolio risk, you can invest 13.16% of your capital in this trade. |
- 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.
12.32
+0.1 (+0.82%)
MATIV HOLDINGS INC / MATV FAQ
What is the technical rating for MATV stock?
ChartMill assigns a technical rating of 7 / 10 to MATV.
Can you provide the trend direction for MATIV HOLDINGS INC?
The current trend direction for MATIV HOLDINGS INC (MATV) is Bullish.
What is the RSI signal for MATIV HOLDINGS INC (MATV) stock?
MATIV HOLDINGS INC (MATV) has an RSI value of 50.8693. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MATIV HOLDINGS INC?
The MACD indicator for MATIV HOLDINGS INC (MATV) has a value of -0.0549097, indicating a bearish trend.
Can you provide the support and resistance levels for MATIV HOLDINGS INC?
MATIV HOLDINGS INC (MATV) has a support level at 12.23 and a resistance level at 12.76. Check the full technical report for our detailed analysis of MATV support and resistance levels.