MATSON INC (MATX) Stock Technical Analysis
NYSE:MATX - New York Stock Exchange, Inc. - US57686G1058 - Common Stock - Currency: USD
Taking everything into account, MATX scores 1 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.
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: 78% of all stocks are doing better.
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.
MATX is part of the Marine Transportation industry. There are 32 other stocks in this industry. MATX outperforms 74% of them.
In the last month MATX has a been trading in the 91.75 - 121.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MATX has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
92.18
130.89
We found 2 important support areas.
- Support @96.21 from a horizontal line in the weekly time frame.
- A support zone ranging from 93.11 to 94.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 113.08 to 116.25. 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 @127.00 from a trend line in the weekly time frame.
- Resistance @129.59 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 | 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 | 22.84 | NEGATIVE | MATX has a low relative strength, it was outperformed by 77.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MATX is below the rising 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) | 48.34 | NEUTRAL | The RSI value for MATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests MATX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.61 | NEUTRAL | The Stochastics value for MATX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for MATX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.55 | NEUTRAL | The ADX value for MATX suggests a possible start of a new 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)
109.19
-1.6 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-1.44%
1 Week-5.03%
2 Weeks13.49%
1 Month6.65%
3 Month-23.59%
6 Month-29.07%
12 Month-9.5%
2 Year59.8%
3 Year21.48%
5 Year282.18%
10 Year171.08%
15 YearN/A
Volatility
ATR(14)6.48
ATR(20)%5.28%
ATR Inc-52.47%
Range Today2.66
ADR(20)4.49
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.84
Mansfield-1.86
10 Day High121
10 Day Low106.9
20 Day High121
20 Day Low91.75
52 Week High169.12
52 Week Low91.75
CS1 End96.21
CR1 Start113.08
Volume & EV
DER(3)-0.91%
DER(5)-0.43%
Volume241.10K
Volume Incr-52.86%
Vol(5)338.00K
Vol(50)569.16K