MATADOR RESOURCES CO (MTDR) Stock Technical Analysis
USA - NYSE:MTDR - US5764852050 - Common Stock
Taking everything into account, MTDR scores 0 out of 10 in our technical rating. MTDR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MTDR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
36.29
2 important support areas can be observed.
- Support @38.37 from a horizontal line in the weekly time frame.
- A support zone ranging from 36.66 to 36.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
7 important resistance areas can be observed.
- Resistance @40.56 from a trend line in the daily time frame.
- A resistance zone ranging from 41.44 to 41.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.31 from a trend line in the daily time frame.
- Resistance @51.64 from a horizontal line in the daily time frame.
- Resistance @52.97 from a horizontal line in the daily time frame.
- Resistance @57.12 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 | NEUTRAL | NEUTRAL | The short term trend for MTDR is neutral. |
| ChartMill Relative Strength | 15.38 | NEGATIVE | MTDR has a low relative strength, it was outperformed by 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTDR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTDR is below 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) | 47.61 | NEUTRAL | The RSI value for MTDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests MTDR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.61 | NEUTRAL | The Stochastics value for MTDR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for MTDR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.68 | NEUTRAL | The ADX value for MTDR suggests a possible start of a new trend. |
40.46
-0.57 (-1.39%)
MATADOR RESOURCES CO / MTDR FAQ
Can you provide the ChartMill technical rating for MATADOR RESOURCES CO?
ChartMill assigns a technical rating of 0 / 10 to MTDR.
Can you provide the trend direction for MATADOR RESOURCES CO?
The current trend direction for MATADOR RESOURCES CO (MTDR) is Bearish.
Can you provide the RSI signal for MATADOR RESOURCES CO?
MATADOR RESOURCES CO (MTDR) has an RSI value of 47.6113. This indicates that the stock is currently neutral.
What is the MACD signal for MTDR stock?
The MACD indicator for MATADOR RESOURCES CO (MTDR) has a value of 0.40919, indicating a bearish trend.
Can you provide the support and resistance levels for MATADOR RESOURCES CO?
MATADOR RESOURCES CO (MTDR) has a support level at 38.37 and a resistance level at 40.56. Check the full technical report for our detailed analysis of MTDR support and resistance levels.