MATW Technical Analysis - MATTHEWS INTL CORP-CLASS A

Technical Rating and Analysis

Taking everything into account, MATW scores 0 out of 10 in our technical rating. MATW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

72% of all other stocks performed better in the past year than MATW.

In the last month MATW has a been trading in the 22.35 - 26.44 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

MATW is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry, MATW did better than 50% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MATTHEWS INTL CORP-CLASS A / MATW Weekly stock chart

MATTHEWS INTL CORP-CLASS A / MATW Daily stock chart

Setup Rating and Analysis

The technical rating of MATW is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.20

31.39

4 important resistance areas can be observed.

A resistance zone ranging from 23.85 to 24.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @24.95 from a horizontal line in the daily time frame.
A resistance zone ranging from 25.37 to 25.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @31.08 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 MATW is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MATW is down.
ChartMill Relative Strength	28.45	NEGATIVE	MATW has a low relative strength, it was outperformed by 71.55% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MATW is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MATW is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MATW is below a declining SMA(200).
Relative Strength Index/RSI (14)	34.22	NEUTRAL	The RSI value for MATW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.24	NEGATIVE	The MACD value suggests MATW has a negative trend.
Stochastics (14,3)	5.08	OVERSOLD	The low Stochastics value suggests MATW may be oversold.
Average True Range in percent/ATR (20)	3.89	MEDIUM VOLATILITY	The ATR as a percentage value for MATW suggests some volalility.
Average Directional Index/ADX (14)	22	NEUTRAL	The ADX value for MATW suggests a possible start of a new trend.