MATADOR RESOURCES CO (MTDR) Stock Technical Analysis
NYSE:MTDR • US5764852050
Overall MTDR gets a technical rating of 8 out of 10. Although MTDR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- MTDR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTDR is lagging the market slightly.
- In the last month MTDR has a been trading in the 41.88 - 49.78 range, which is quite wide. It is currently trading near the high of this range.
- MTDR has an average volume of 1614770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, MTDR turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- MTDR is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, MTDR did better than 44% of them.
Besides having an excellent technical rating, MTDR also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 46.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
38.00
3 important support areas can be observed.
- A support zone ranging from 45.12 to 46.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.74 to 42.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.64 to 49.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.15 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for MTDR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTDR is up. |
| ChartMill Relative Strength | 55.63 | NEUTRAL | MTDR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTDR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTDR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTDR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.29 | NEUTRAL | The RSI value for MTDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests MTDR has a positive trend. |
| Stochastics (14,3) | 87.68 | OVERBOUGHT | The high Stochastics value suggests MTDR may be overbought. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MTDR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.82 | POSITIVE | The high ADX value value for MTDR 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 |
|---|---|---|---|
| 49.65 | 44.71 | 4.94 (9.95%) | 10.05% |
| An entry @49.65. This is a Buy Stop order right above the resistance zone. | An exit @44.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.94 points, which is 9.95%. | For a 1.00% total portfolio risk, you can invest 10.05% of your capital in this trade. |
- 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.
49.63
+2.24 (+4.73%)
MATADOR RESOURCES CO / MTDR FAQ
Can you provide the ChartMill technical rating for MATADOR RESOURCES CO?
ChartMill assigns a technical rating of 8 / 10 to MTDR.
What is the trend direction for MTDR stock?
The current trend direction for MATADOR RESOURCES CO (MTDR) is Bullish.
Can you provide the RSI signal for MATADOR RESOURCES CO?
MATADOR RESOURCES CO (MTDR) has an RSI value of 65.2903. This indicates that the stock is currently neutral.
What is the MACD signal for MATADOR RESOURCES CO (MTDR) stock?
The MACD indicator for MATADOR RESOURCES CO (MTDR) has a value of 0.27741, indicating a bearish trend.
Can you provide the buy/sell signal for MATADOR RESOURCES CO?
The buy/sell signal for MATADOR RESOURCES CO (MTDR) is buy as both the short term and long term trends are positive.