MATX Technical Analysis - MATSON INC

Technical Rating and Analysis

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.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

88% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month MATX has a been trading in the 100.28 - 108.29 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 50% of 35 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MATX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

95.25

119.39

We found 1 important support area.

Support @96.21 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 103.55 to 107.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @111.72 from a trend line in the daily time frame.
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.

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Technical Indicator Signal Analysis

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	12.66	NEGATIVE	MATX has a low relative strength, it was outperformed by 87.34% 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)	45.61	NEUTRAL	The RSI value for MATX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests MATX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	52.79	NEUTRAL	The Stochastics value for MATX is a neutral value.
Average True Range in percent/ATR (20)	2.51	MEDIUM VOLATILITY	The ATR as a percentage value for MATX suggests some volalility.
Average Directional Index/ADX (14)	7.6	NEGATIVE	The low ADX value for MATX suggests a weak or negative trend.