MATSON INC (MATX) Stock Technical Analysis
NYSE:MATX - US57686G1058 - Common Stock
106.31 USD
+3.38 (+3.28%)
106.31 USD
0 (0%)
We assign a technical rating of 0 out of 10 to MATX. MATX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MATX is a bad performer in the overall market: 86% of all stocks are doing better.
MATX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MATX is an average performer in the Marine Transportation industry, it outperforms 48% of 36 stocks in the same industry.
In the last month MATX has a been trading in the 100.51 - 114.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MATX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 109.06. Right above this resistance zone may be a good entry point.
More info and screens
92.18
119.39
We found 2 important support areas.
- Support @96.21 from a horizontal line in the weekly time frame.
- Support @93.11 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 109.06 to 110.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 114.59 to 116.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @118.21 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for MATX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MATX is down. |
| ChartMill Relative Strength | 14.07 | NEGATIVE | MATX has a low relative strength, it was outperformed by 85.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MATX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MATX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MATX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.22 | NEUTRAL | The RSI value for MATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests MATX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.48 | NEUTRAL | The Stochastics value for MATX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for MATX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.48 | NEGATIVE | The low ADX value for MATX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
106.31
+3.38 (+3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg3.28%
1 Week1.27%
2 Weeks-1.05%
1 Month-2.83%
3 Month-2.64%
6 Month-25.61%
12 Month-21.68%
2 Year20.97%
3 Year44.33%
5 Year165.31%
10 Year182.14%
15 YearN/A
Volatility
ATR(14)3.45
ATR(20)%3.19%
ATR Inc-10.63%
Range Today4.13
ADR(20)3.25
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.07
Mansfield-2.42
10 Day High110.09
10 Day Low100.51
20 Day High114.49
20 Day Low100.51
52 Week High169.12
52 Week Low91.75
CS1 End96.21
CR1 Start109.06
Volume & EV
DER(3)-0.45%
DER(5)0.47%
Volume431.00K
Volume Incr-5.37%
Vol(5)374.92K
Vol(50)378.10K