MATTHEWS INTL CORP-CLASS A (MATW) Stock Technical Analysis
NASDAQ:MATW • US5771281012
Taking everything into account, MATW scores 5 out of 10 in our technical rating. MATW has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- MATW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- MATW is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 78% of 75 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 57% of all stocks.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MATW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 26.36, a Stop Loss order could be placed below this zone.
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23.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.71 to 26.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.63 from a trend line in the weekly time frame.
- Support @23.77 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.27 to 28.69. 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 | NEUTRAL | NEUTRAL | The short term trend for MATW is neutral. |
| ChartMill Relative Strength | 57.34 | NEUTRAL | MATW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MATW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MATW is below 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) | 48.92 | NEUTRAL | The RSI value for MATW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MATW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.91 | NEUTRAL | The Stochastics value for MATW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MATW suggests some volalility. |
| Average Directional Index/ADX (14) | 8.86 | NEGATIVE | The low ADX value for MATW suggests a weak or negative trend. |
26.38
+0.01 (+0.04%)
MATTHEWS INTL CORP-CLASS A / MATW FAQ
What is the technical rating for MATW stock?
ChartMill assigns a technical rating of 5 / 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 48.923. 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 -0.0106063, 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 26.36 and a resistance level at 28.27. Check the full technical report for our detailed analysis of MATW support and resistance levels.