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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

91% of all other stocks performed better in the past year than MATX.

MATX is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 67% are performing better than MATX.

MATX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month MATX has a been trading in the 96.22 - 109.70 range, which is quite wide. It is currently trading near the lows of this range.

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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

The technical rating of MATX is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

95.25

116.12

When analyzing the support we notice one important area.

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

We can see 5 important resistance areas.

A resistance zone ranging from 99.40 to 100.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 102.61 to 104.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 106.31 to 107.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @110.34 from a trend line in the daily time frame.
A resistance zone ranging from 114.59 to 114.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for MATX is down.
ChartMill Relative Strength	9.68	NEGATIVE	MATX has a low relative strength, it was outperformed by 90.32% 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)	33.4	NEUTRAL	The RSI value for MATX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.57	NEGATIVE	The MACD value suggests MATX has a negative trend.
Stochastics (14,3)	13.17	OVERSOLD	The low Stochastics value suggests MATX may be oversold.
Average True Range in percent/ATR (20)	2.62	MEDIUM VOLATILITY	The ATR as a percentage value for MATX suggests some volalility.
Average Directional Index/ADX (14)	13.85	NEGATIVE	The low ADX value for MATX suggests a weak or negative trend.