MATADOR RESOURCES CO (MTDR) Technical Analysis
NYSE:MTDR • US5764852050
Current stock price
MTDR Technical Rating and Analysis
Taking everything into account, MTDR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTDR is showing a nice and steady performance.
- In the last month MTDR has a been trading in the 56.51 - 66.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MTDR did better than 85% of all other stocks.
- 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.
- MTDR has an average volume of 1996110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MTDR is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, MTDR did better than 62% of them.
MTDR Weekly and Daily overview Charts
MTDR Setup Rating and Analysis
Although MTDR has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MTDR Support and Resistance Analysis
38.00
We found 2 important support areas.
- Support @44.21 from a trend line in the daily time frame.
- Support @38.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @64.06 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 65.46 to 65.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
MTDR Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for MTDR is neutral. |
| ChartMill Relative Strength | 85.23 | POSITIVE | MTDR has a high relative strength, it outperformed 85.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTDR is below 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) | 45.27 | NEUTRAL | The RSI value for MTDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.93 | NEGATIVE | The MACD value suggests MTDR has a negative trend. |
| Stochastics (14,3) | 24.35 | NEUTRAL | The Stochastics value for MTDR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MTDR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.51 | POSITIVE | The high ADX value value for MTDR suggests a strong trend. |
MTDR Chart- and CandleStick Pattern Analysis
MTDR Technicals: Chart, Performance Metrics, Trend & Indicators
57.33
-2.98 (-4.94%)
MATADOR RESOURCES CO / MTDR TA FAQ
Can you provide the ChartMill technical rating for MATADOR RESOURCES CO?
ChartMill assigns a technical rating of 9 / 10 to MTDR.
What is the trend direction for MTDR stock?
The current trend direction for MATADOR RESOURCES CO (MTDR) is Bullish.
What is the RSI signal for MTDR stock?
MATADOR RESOURCES CO (MTDR) has an RSI value of 45.2659. 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 -0.926088, indicating a bearish trend.
What is the short term momentum for MATADOR RESOURCES CO (MTDR) stock?
The short term momentum for MATADOR RESOURCES CO (MTDR) is neutral.