MATSON INC (MATX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MATX - US57686G1058 - Common Stock
We assign a technical rating of 9 out of 10 to MATX. Both in the recent history as in the last year, MATX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MATX 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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118.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 123.54 to 127.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @119.59 from a trend line in the daily 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 MATX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MATX is up. |
| ChartMill Relative Strength | 81.9 | POSITIVE | MATX has a high relative strength, it outperformed 81.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MATX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MATX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MATX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.77 | OVERBOUGHT | The high RSI value suggests MATX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MATX has a positive trend. |
| Stochastics (14,3) | 96.57 | OVERBOUGHT | The high Stochastics value suggests MATX may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for MATX suggests some volalility. |
| Average Directional Index/ADX (14) | 49.18 | POSITIVE | The high ADX value value for MATX suggests a strong trend. |
131.09
+0.85 (+0.65%)
MATSON INC / MATX FAQ
What is the ChartMill technical rating of MATSON INC (MATX) stock?
ChartMill assigns a technical rating of 9 / 10 to MATX.
What is the trend direction for MATX stock?
The current trend direction for MATSON INC (MATX) is Bullish.
What is the RSI signal for MATSON INC (MATX) stock?
MATSON INC (MATX) has an RSI value of 73.7686. This indicates that the stock is currently overbought.
What is the short term momentum for MATX stock?
The short term momentum for MATSON INC (MATX) is positive.
What is the buy/sell signal for MATSON INC (MATX) stock?
The buy/sell signal for MATSON INC (MATX) is buy as both the short term and long term trends are positive.