MATRIX SERVICE CO (MTRX) Technical Analysis
NASDAQ:MTRX • US5768531056
Current stock price
MTRX Technical Rating and Analysis
Taking everything into account, MTRX scores 4 out of 10 in our technical rating. MTRX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 64% of all other stocks performed better in the past year than MTRX.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month MTRX has a been trading in the 9.88 - 12.37 range, which is quite wide. It is currently trading near the high of this range.
- MTRX is part of the Construction & Engineering industry. There are 55 other stocks in this industry, MTRX did better than 42% of them.
- MTRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTRX is lagging the market.
- Considerably lower volume is observed in the last couple of days.
MTRX Weekly and Daily overview Charts
MTRX Setup Rating and Analysis
MTRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.22. Right above this resistance zone may be a good entry point.
More info and screens
MTRX Support and Resistance Analysis
9.95
2 important support areas can be observed.
- Support @11.09 from a horizontal line in the daily time frame.
- A support zone ranging from 10.05 to 10.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 12.22 to 12.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.24 from a trend line in the daily time frame.
- Resistance @13.82 from a trend line in the weekly time frame.
- Resistance @15.20 from a horizontal line in the weekly time frame.
- Resistance @15.82 from a horizontal line in the daily time frame.
MTRX 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 | NEUTRAL | NEUTRAL | The long term trend for MTRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTRX is up. |
| ChartMill Relative Strength | 36.05 | NEUTRAL | MTRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MTRX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.18 | NEUTRAL | The RSI value for MTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MTRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.37 | OVERBOUGHT | The high Stochastics value suggests MTRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.2 | NEUTRAL | The ADX value for MTRX suggests a possible start of a new trend. |
MTRX Chart- and CandleStick Pattern Analysis
MTRX Technicals: Chart, Performance Metrics, Trend & Indicators
12.18
-0.03 (-0.25%)
MATRIX SERVICE CO / MTRX TA FAQ
Can you provide the ChartMill technical rating for MATRIX SERVICE CO?
ChartMill assigns a technical rating of 4 / 10 to MTRX.
What is the current trend direction of MATRIX SERVICE CO (MTRX) stock?
The current trend direction for MATRIX SERVICE CO (MTRX) is Bearish.
What is the RSI signal for MATRIX SERVICE CO (MTRX) stock?
MATRIX SERVICE CO (MTRX) has an RSI value of 64.1751. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MATRIX SERVICE CO?
The MACD indicator for MATRIX SERVICE CO (MTRX) has a value of 0.142374, indicating a bearish trend.
What is the short term momentum for MTRX stock?
The short term momentum for MATRIX SERVICE CO (MTRX) is positive.