MATADOR RESOURCES CO (MTDR) Stock Technical Analysis
NYSE:MTDR - New York Stock Exchange, Inc. - US5764852050 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to MTDR. Recently some decent action could be observed, but in the medium term time frame this is still negative. MTDR was also a bad performer in the overall market in the last year.
77% of all other stocks performed better in the past year than MTDR.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month MTDR has a been trading in the 42.35 - 46.77 range, which is quite wide. It is currently trading near the high of this range.
MTDR has an average volume of 2022190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MTDR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 213 stocks in the same industry.
MTDR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTDR is lagging the market slightly.
Although the technical rating is bad, MTDR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.80. Right above this resistance zone may be a good entry point.
More info and screens
42.57
64.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 45.12 to 45.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.89 to 44.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.00 to 43.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 45.80 to 46.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @60.75 from a trend line in the weekly time frame.
- Resistance @64.06 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for MTDR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTDR is up. |
| ChartMill Relative Strength | 23.53 | NEGATIVE | MTDR has a low relative strength, it was outperformed by 76.47% off all stocks 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) | DOWN | MIXED | The current price of MTDR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTDR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.55 | NEUTRAL | The RSI value for MTDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests MTDR has a positive trend. |
| Stochastics (14,3) | 65.11 | NEUTRAL | The Stochastics value for MTDR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for MTDR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.04 | NEGATIVE | The low ADX value for MTDR suggests a weak or negative 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)
45.79
+1.02 (+2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.28%
1 Week6.46%
2 Weeks5.02%
1 Month7.31%
3 Month1.15%
6 Month-17.2%
12 Month-21.12%
2 Year-12.48%
3 Year-1.72%
5 Year438.71%
10 Year83.16%
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%3.29%
ATR Inc-1.65%
Range Today1.01
ADR(20)1.3
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.53
Mansfield-1.76
10 Day High46.68
10 Day Low42.5
20 Day High46.77
20 Day Low42.35
52 Week High66.89
52 Week Low35.19
CS1 End45.36
CR1 Start45.8
Volume & EV
DER(3)-0.68%
DER(5)-0.93%
Volume1.02M
Volume Incr-25.73%
Vol(5)1.21M
Vol(50)2.02M