We assign a technical rating of 8 out of 10 to MATW. 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.
Although MATW has an excellent technical rating, it does not present a decent entry opportunity 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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23.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.30 to 26.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.88 to 23.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | 65.52 | NEUTRAL | MATW is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MATW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.23 | 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) | 80.12 | OVERBOUGHT | The high Stochastics value suggests MATW may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MATW suggests some volalility. |
| Average Directional Index/ADX (14) | 24.23 | NEUTRAL | The ADX value for MATW suggests a possible start of a new trend. |
28.56
+0.63 (+2.26%)
MATTHEWS INTL CORP-CLASS A / MATW FAQ
What is the technical rating for MATW stock?
ChartMill assigns a technical rating of 8 / 10 to MATW.
What is the current trend direction of MATTHEWS INTL CORP-CLASS A (MATW) stock?
The current trend direction for MATTHEWS INTL CORP-CLASS A (MATW) is Bullish.
What is the RSI signal for MATW stock?
MATTHEWS INTL CORP-CLASS A (MATW) has an RSI value of 69.2259. This indicates that the stock is currently neutral.
What is the MACD signal for MATW stock?
The MACD indicator for MATTHEWS INTL CORP-CLASS A (MATW) has a value of 0.100713, indicating a bearish trend.
Can you provide the support and resistance levels for MATTHEWS INTL CORP-CLASS A?
MATTHEWS INTL CORP-CLASS A (MATW) has a support level at 26.32 and a resistance level at 31.08. Check the full technical report for our detailed analysis of MATW support and resistance levels.