MATSON INC (MATX) Stock Technical Analysis
NYSE:MATX - New York Stock Exchange, Inc. - US57686G1058 - Common Stock - Currency: USD
Taking everything into account, MATX scores 0 out of 10 in our technical rating. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
78% of all other stocks performed better in the past year than MATX.
MATX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MATX is lagging the market.
In the last month MATX has a been trading in the 106.90 - 118.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MATX is an average performer in the Marine Transportation industry, it outperforms 67% of 32 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MATX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 109.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MATX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
95.25
138.56
We found 2 important support areas.
- A support zone ranging from 108.29 to 109.19. 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 96.21 to 96.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 113.02 to 114.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @118.21 from a horizontal line in the daily time frame.
- Resistance @122.86 from a trend line in the weekly time frame.
- Resistance @125.52 from a trend line in the daily time frame.
- Resistance @137.19 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 | DOWN | NEGATIVE | The long term trend for MATX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MATX is neutral. |
| ChartMill Relative Strength | 22.78 | NEGATIVE | MATX has a low relative strength, it was outperformed by 77.22% 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 | MIXED | The current price of MATX is above 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) | 50.47 | NEUTRAL | The RSI value for MATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MATX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.94 | NEUTRAL | The Stochastics value for MATX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for MATX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.12 | 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)
112.46
-2.13 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-1.86%
1 Week-0.55%
2 Weeks-0.35%
1 Month-3.16%
3 Month-13.56%
6 Month-23.09%
12 Month-5.45%
2 Year44.68%
3 Year54.31%
5 Year286.46%
10 Year167.51%
15 YearN/A
Volatility
ATR(14)2.67
ATR(20)%2.61%
ATR Inc-22.43%
Range Today1.97
ADR(20)2.71
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.78
Mansfield-1.79
10 Day High117
10 Day Low109.98
20 Day High118.71
20 Day Low106.9
52 Week High169.12
52 Week Low91.75
CS1 End109.19
CR1 Start113.02
Volume & EV
DER(3)3.07%
DER(5)1.74%
Volume355.10K
Volume Incr-30.34%
Vol(5)354.76K
Vol(50)548.08K