MATRIX SERVICE CO (MTRX) Stock Technical Analysis
NASDAQ:MTRX - Nasdaq - US5768531056 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MTRX. Both in the recent history as in the last year, MTRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MTRX is one of the better performing stocks in the market, outperforming 88% 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 is also trading in the upper part of its 52 week range, so MTRX is performing more or less in line with the market.
MTRX is an average performer in the Construction & Engineering industry, it outperforms 66% of 49 stocks in the same industry.
In the last month MTRX has a been trading in the 13.16 - 16.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MTRX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.50
15.63
2 important support areas can be observed.
- A support zone ranging from 13.35 to 13.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.35 to 14.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.13 to 15.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 MTRX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTRX is neutral. |
| ChartMill Relative Strength | 88.73 | POSITIVE | MTRX has a high relative strength, it outperformed 88.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTRX is below 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) | 49.12 | NEUTRAL | The RSI value for MTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MTRX has a negative trend. |
| Stochastics (14,3) | 62.5 | NEUTRAL | The Stochastics value for MTRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.36 | 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)
14.26
-1.02 (-6.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-6.68%
1 Week-7.04%
2 Weeks-1.99%
1 Month2.81%
3 Month14.17%
6 Month5.16%
12 Month52.51%
2 Year71.6%
3 Year151.06%
5 Year54.33%
10 Year-28.7%
15 Year67.96%
Volatility
ATR(14)0.58
ATR(20)%3.62%
ATR Inc79.21%
Range Today0.78
ADR(20)0.49
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.73
Mansfield0.87
10 Day High16.11
10 Day Low14.15
20 Day High16.11
20 Day Low13.17
52 Week High16.11
52 Week Low8.65
CS1 End13.71
CR1 Start14.35
Volume & EV
DER(3)-0.63%
DER(5)1.45%
Volume147.20K
Volume Incr-9.12%
Vol(5)160.74K
Vol(50)166.99K