MATRIX SERVICE CO (MTRX) Stock Technical Analysis
NASDAQ:MTRX - Nasdaq - US5768531056 - Common Stock - Currency: USD
Overall MTRX gets a technical rating of 5 out of 10. Although MTRX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MTRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MTRX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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10.22
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.85 to 12.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.32 to 10.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.78 to 12.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.45 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 | NEUTRAL | NEUTRAL | The short term trend for MTRX is neutral. |
| ChartMill Relative Strength | 79.47 | POSITIVE | MTRX has a high relative strength, it outperformed 79.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTRX is above a declining 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) | 56.67 | NEUTRAL | The RSI value for MTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MTRX has a positive trend. |
| Stochastics (14,3) | 59.71 | NEUTRAL | The Stochastics value for MTRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.62 | POSITIVE | The high ADX value value for MTRX suggests a strong trend. |
NASDAQ:MTRX (6/18/2025, 2:16:00 PM)
12.685
+0.02 (+0.12%)