MATRIX SERVICE CO (MTRX) Stock Technical Analysis
NASDAQ:MTRX - Nasdaq - US5768531056 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to MTRX. MTRX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, MTRX outperforms 54% of them, which is more or less in line with the market.
MTRX is part of the Construction & Engineering industry. There are 51 other stocks in this industry, MTRX did better than 52% of them.
MTRX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTRX is lagging the market slightly.
In the last month MTRX has a been trading in the 10.01 - 13.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MTRX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.12, a Stop Loss order could be placed below this zone.
More info and screens
10.13
13.80
We found 2 important support areas.
- A support zone ranging from 11.85 to 12.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.23 to 10.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.61 to 12.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.31 to 13.66. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for MTRX is down. |
| ChartMill Relative Strength | 54.73 | NEUTRAL | MTRX is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MTRX is above a declining 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) | 48.78 | NEUTRAL | The RSI value for MTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MTRX has a negative trend. |
| Stochastics (14,3) | 55.15 | NEUTRAL | The Stochastics value for MTRX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.19 | HIGH VOLATILITY | The high ATR as a percentage value for MTRX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.49 | 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)
12.13
+0.09 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.75%
1 Week-5.01%
2 Weeks-2.41%
1 Month1.93%
3 Month-7.26%
6 Month-8.93%
12 Month7.54%
2 Year124.21%
3 Year101.16%
5 Year10.07%
10 Year-28.1%
15 Year23.27%
Volatility
ATR(14)0.81
ATR(20)%6.19%
ATR Inc-19.3%
Range Today0.5
ADR(20)0.74
ADR(20)%6.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.73
Mansfield0.23
10 Day High13.39
10 Day Low11.68
20 Day High13.8
20 Day Low10.01
52 Week High15.75
52 Week Low8.61
CS1 End12.12
CR1 Start12.61
Volume & EV
DER(3)-1.45%
DER(5)-1.14%
Volume103.70K
Volume Incr-43.28%
Vol(5)124.02K
Vol(50)216.11K