MATSON INC (MATX) Stock Technical Analysis
NYSE:MATX • US57686G1058
We assign a technical rating of 9 out of 10 to MATX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MATX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- MATX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MATX has a been trading in the 153.82 - 169.20 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, MATX did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- MATX is part of the Marine Transportation industry. There are 35 other stocks in this industry, MATX did better than 55% of them.
MATX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 164.17, a Stop Loss order could be placed below this zone.
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149.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 162.17 to 164.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @158.19 from a horizontal line in the daily time frame.
- Support @150.62 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 167.76 to 167.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MATX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MATX is up. |
| ChartMill Relative Strength | 88.28 | POSITIVE | MATX has a high relative strength, it outperformed 88.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MATX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MATX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MATX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.45 | NEUTRAL | The RSI value for MATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests MATX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.25 | OVERBOUGHT | The high Stochastics value suggests MATX may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MATX suggests some volalility. |
| Average Directional Index/ADX (14) | 54.23 | POSITIVE | The high ADX value value for MATX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 167.77 | 162.16 | 5.61 (3.34%) | 25.00% |
| An entry @167.77. This is a Buy Stop order right above the resistance zone. | An exit @162.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.61 points, which is 3.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of MATX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
167.75
+3.1 (+1.88%)
MATSON INC / MATX FAQ
What is the ChartMill technical rating of MATSON INC (MATX) stock?
ChartMill assigns a technical rating of 9 / 10 to MATX.
What is the trend direction for MATX stock?
The current trend direction for MATSON INC (MATX) is Bullish.
What is the RSI signal for MATSON INC (MATX) stock?
MATSON INC (MATX) has an RSI value of 67.4511. This indicates that the stock is currently neutral.
What is the short term momentum for MATX stock?
The short term momentum for MATSON INC (MATX) is positive.
What is the buy/sell signal for MATSON INC (MATX) stock?
The buy/sell signal for MATSON INC (MATX) is buy as both the short term and long term trends are positive.