MATRIX SERVICE CO (MTRX) Stock Technical Analysis
USA - NASDAQ:MTRX - US5768531056 - Common Stock
14.9 USD
+0.41 (+2.83%)
14.8 USD
-0.1 (-0.67%)
We assign a technical rating of 8 out of 10 to MTRX. In the last year, MTRX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that MTRX is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, MTRX also shows a nice and consistent pattern of rising prices.
MTRX 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 MTRX is lagging the market slightly.
In the last month MTRX has a been trading in the 12.23 - 15.21 range, which is quite wide. It is currently trading near the high of this range.
MTRX is an average performer in the Construction & Engineering industry, it outperforms 53% of 55 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 MTRX 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
10.93
15.99
4 important support areas can be observed.
- A support zone ranging from 13.60 to 13.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.50 to 12.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.04 from a horizontal line in the daily time frame.
- Support @11.04 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.20 to 15.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.83 from a horizontal line in the daily 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 | 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 | 77.01 | POSITIVE | MTRX has a high relative strength, it outperformed 77.01% off all stocks 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) | UP | POSITIVE | The current price of MTRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.02 | OVERBOUGHT | The high RSI value suggests MTRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests MTRX has a positive trend. |
| Stochastics (14,3) | 94.41 | OVERBOUGHT | The high Stochastics value suggests MTRX may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.63 | POSITIVE | The high ADX value value for MTRX suggests a strong 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)
14.9
+0.41 (+2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg2.83%
1 Week10.86%
2 Weeks11.36%
1 Month15.59%
3 Month4.49%
6 Month19.3%
12 Month32.56%
2 Year27.9%
3 Year204.08%
5 Year96.05%
10 Year-34.36%
15 Year64.1%
Volatility
ATR(14)0.49
ATR(20)%2.99%
ATR Inc38.17%
Range Today0.92
ADR(20)0.44
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.01
3 months CRS51.91
6 months CRS70.04
Mansfield0.02
10 Day High15.21
10 Day Low12.74
20 Day High15.21
20 Day Low12.23
52 Week High16.11
52 Week Low9.33
CS1 End13.74
CR1 Start15.2
Volume & EV
DER(3)0.18%
DER(5)0.16%
Volume258.50K
Volume Incr-17.43%
Vol(5)231.60K
Vol(50)275.19K
MATRIX SERVICE CO / MTRX FAQ
Can you provide the ChartMill technical rating for MATRIX SERVICE CO?
ChartMill assigns a technical rating of 8 / 10 to MTRX.
Can you provide the trend direction for MATRIX SERVICE CO?
The current trend direction for MATRIX SERVICE CO (MTRX) is Bearish.
What is the RSI signal for MTRX stock?
MATRIX SERVICE CO (MTRX) has an RSI value of 70.0164. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MATRIX SERVICE CO?
The MACD indicator for MATRIX SERVICE CO (MTRX) has a value of 0.248181, indicating a bearish trend.