MATTERPORT INC (MTTR) Technical Analysis
NASDAQ:MTTR • US5770961002
Current stock price
MTTR Technical Rating and Analysis
Overall MTTR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTTR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MTTR is one of the better performing stocks in the market, outperforming 97% of all stocks.
- MTTR is part of the Software industry. There are 275 other stocks in this industry. MTTR outperforms 98% of them.
- MTTR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MTTR is leading the market.
- In the last month MTTR has a been trading in the 5.10 - 5.46 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- MTTR has an average volume of 4660010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
MTTR Weekly and Daily overview Charts
MTTR Setup Rating and Analysis
Besides having an excellent technical rating, MTTR also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 5.38. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MTTR 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.
More info and screens
MTTR Support and Resistance Analysis
4.46
4 important support areas can be observed.
- A support zone ranging from 5.03 to 5.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.95 from a trend line in the daily time frame.
- A support zone ranging from 4.65 to 4.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.38 to 5.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
MTTR Technical Indicator Signal Analysis
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 MTTR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTTR is up. |
| ChartMill Relative Strength | 97.85 | POSITIVE | MTTR has a high relative strength, it outperformed 97.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTTR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTTR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTTR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.34 | NEUTRAL | The RSI value for MTTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MTTR has a negative trend. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests MTTR may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for MTTR suggests low volalility. |
| Average Directional Index/ADX (14) | 16.65 | NEGATIVE | The low ADX value for MTTR suggests a weak or negative trend. |
MTTR Chart- and CandleStick Pattern Analysis
MTTR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.46 | 5.15 | 0.31 (5.68%) | 17.61% |
| An entry @5.46. This is a Buy Stop order right above the resistance zone. | An exit @5.15. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 5.68%. | When investing 17.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MTTR Technicals: Chart, Performance Metrics, Trend & Indicators
5.38
-0.06 (-1.1%)
MATTERPORT INC / MTTR TA FAQ
What is the technical rating for MTTR stock?
ChartMill assigns a technical rating of 10 / 10 to MTTR.
Can you provide the trend direction for MATTERPORT INC?
The current trend direction for MATTERPORT INC (MTTR) is Bullish.
Can you provide the RSI signal for MATTERPORT INC?
MATTERPORT INC (MTTR) has an RSI value of 60.3397. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MATTERPORT INC?
The MACD indicator for MATTERPORT INC (MTTR) has a value of -0.00234335, indicating a bearish trend.
Can you provide the buy/sell signal for MATTERPORT INC?
The buy/sell signal for MATTERPORT INC (MTTR) is buy as both the short term and long term trends are positive.