We assign a technical rating of 0 out of 10 to MTRX. MTRX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MTRX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.90
We found 1 important support area.
- A support zone ranging from 11.01 to 11.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.44 to 11.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.76 to 12.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.20 from a horizontal line in the weekly time frame.
- Resistance @15.82 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 | DOWN | NEGATIVE | The long term trend for MTRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTRX is down. |
| ChartMill Relative Strength | 17.11 | NEGATIVE | MTRX has a low relative strength, it was outperformed by 82.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTRX is below 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) | 36.66 | NEUTRAL | The RSI value for MTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MTRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.76 | OVERSOLD | The low Stochastics value suggests MTRX may be oversold. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for MTRX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.64 | POSITIVE | The high ADX value value for MTRX suggests a strong trend. |
11.43
+0.15 (+1.33%)
MATRIX SERVICE CO / MTRX FAQ
Can you provide the ChartMill technical rating for MATRIX SERVICE CO?
ChartMill assigns a technical rating of 0 / 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 36.6605. 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 -0.156663, indicating a bearish trend.
What is the buy/sell signal for MATRIX SERVICE CO (MTRX) stock?
The buy/sell signal for MATRIX SERVICE CO (MTRX) is sell as both the short term and long term trends are negative.