MATADOR RESOURCES CO (MTDR) Stock Technical Analysis
NYSE:MTDR • US5764852050
We assign a technical rating of 8 out of 10 to MTDR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MTDR is only an average performer.
- The long and short term trends are both positive. This is looking good!
- 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 - 52.41 range, which is quite wide. It is currently trading near the high of this range.
- MTDR has an average volume of 1659180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, MTDR outperforms 67% of them, which is more or less in line with the market.
- MTDR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 49% of 206 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MTDR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
38.00
We found 3 important support areas.
- A support zone ranging from 46.49 to 46.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.87 from a trend line in the daily time frame.
- Support @38.38 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- 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 | 67.16 | 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) | 71.23 | OVERBOUGHT | The high RSI value suggests MTDR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests MTDR has a positive trend. |
| Stochastics (14,3) | 98.74 | OVERBOUGHT | The high Stochastics value suggests MTDR may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MTDR suggests some volalility. |
| Average Directional Index/ADX (14) | 28.45 | POSITIVE | The high ADX value value for MTDR suggests a strong trend. |
52.39
+0.32 (+0.61%)
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 71.2316. This indicates that the stock is currently overbought.
What is the MACD signal for MATADOR RESOURCES CO (MTDR) stock?
The MACD indicator for MATADOR RESOURCES CO (MTDR) has a value of 0.554453, 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.