MATTHEWS INTL CORP-CLASS A (MATW) Stock Technical Analysis
USA - NASDAQ:MATW - US5771281012 - Common Stock
25.89 USD
+0.89 (+3.56%)
25.89 USD
0 (0%)
Taking everything into account, MATW scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MATW is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MATW has a been trading in the 23.30 - 26.15 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MATW is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MATW is part of the Diversified Consumer Services industry. There are 74 other stocks in this industry, MATW did better than 60% of them.
MATW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MATW is lagging the market.
MATW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.81, a Stop Loss order could be placed below this zone.
More info and screens
22.81
31.39
3 important support areas can be observed.
- Support @25.81 from a horizontal line in the daily time frame.
- A support zone ranging from 24.34 to 25.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.04 to 23.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 25.90 to 25.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.36 from a trend line in the weekly time frame.
- Resistance @31.08 from a horizontal line in the weekly 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 MATW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MATW is up. |
| ChartMill Relative Strength | 74 | POSITIVE | MATW has a high relative strength, it outperformed 74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MATW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MATW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MATW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.92 | NEUTRAL | The RSI value for MATW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MATW has a positive trend. |
| Stochastics (14,3) | 77.6 | NEUTRAL | The Stochastics value for MATW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for MATW suggests some volalility. |
| Average Directional Index/ADX (14) | 33.76 | POSITIVE | The high ADX value value for MATW 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 |
|---|---|---|---|
| 25.91 | 25.80 | 0.11 (0.42%) | 25.00% |
| An entry @25.91. This is a Buy Stop order right above the resistance zone. | An exit @25.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 0.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- The distance between exit and entry is rather small compared to the average daily movement of MATW. 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.
25.89
+0.89 (+3.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg3.56%
1 Week2.9%
2 Weeks4.02%
1 Month10.08%
3 Month23.11%
6 Month11.84%
12 Month10.83%
2 Year-33.46%
3 Year15.53%
5 Year15.79%
10 Year-47.13%
15 Year-26.78%
Volatility
ATR(14)0.78
ATR(20)%2.97%
ATR Inc67.97%
Range Today0.92
ADR(20)0.75
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74
Mansfield-0.46
10 Day High26.15
10 Day Low24.08
20 Day High26.15
20 Day Low23.3
52 Week High32.24
52 Week Low18.5
CS1 End25.81
CR1 Start25.9
Volume & EV
DER(3)2.56%
DER(5)2.08%
Volume208.40K
Volume Incr-8.55%
Vol(5)169.84K
Vol(50)194.39K