We assign a technical rating of 8 out of 10 to MATW. Although MATW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- MATW is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 80% of 76 stocks in the same industry.
- MATW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MATW is lagging the market slightly.
- When comparing the performance of all stocks over the past year, MATW turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- In the last month MATW has a been trading in the 25.63 - 28.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MATW has an excellent technical rating, but the quality of the setup is only medium 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
23.73
3 important support areas can be observed.
- A support zone ranging from 26.56 to 27.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.57 to 25.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.97 to 24.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.56 to 28.56. 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.
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 | 53.92 | 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) | 59.89 | NEUTRAL | The RSI value for MATW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MATW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.16 | NEUTRAL | The Stochastics value for MATW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MATW suggests some volalility. |
| Average Directional Index/ADX (14) | 24.35 | NEUTRAL | The ADX value for MATW suggests a possible start of a new trend. |
27.82
+0.42 (+1.53%)
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 59.8881. 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 0.0699531, 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 27.17 and a resistance level at 28.56. Check the full technical report for our detailed analysis of MATW support and resistance levels.