MATTERPORT INC (MTTR)       3.74  -0.07 (-1.84%)

3.74  -0.07 (-1.84%)

US5770961002 - Common Stock - After market: 3.85 +0.11 (+2.94%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to MTTR. MTTR'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.



MTTR has an average volume of 4723830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MTTR is a bad performer in the overall market: 88% of all stocks are doing better.
MTTR is part of the Software industry. There are 364 other stocks in this industry, of which 65% are performing better than MTTR.
MTTR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month MTTR has a been trading in the 3.60 - 4.80 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -21.76% -10.53% -51.17% -83.21% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 12.23 3.51 - 37.6
MTTR Weekly chart
MTTR Daily chart

Support/Resistance Analysis


3.70

5.48
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 3.75 to 3.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 4.11 to 4.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @5.43 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of MTTR is bad and it also does not present a quality setup 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.


MTTR Daily chart

MATTERPORT INC3.74

NASDAQ:MTTR (9/23/2022, 7:16:30 PM)-0.07 (-1.84%)

After market: 3.85 +0.11 (+2.94%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Software
Performance
Today -1.84% 1 Week -7.65%
2 Weeks -17.98% 1 Month -21.76%
3 Month -10.53% 6 Month -51.17%
Volatility
ATR(14) 0.25 ATR(20)% 6.9%
ATR Inc -8.74% Range Today 0.16
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 12.23 Mansfield -5.76
10 Day High 4.75 10 Day Low 3.6
20 Day High 4.8 20 Day Low 3.6
52 Week High 37.6 52 Week Low 3.51
CS1 End N/A CR1 Start 3.75
Volume & EV
DER(3) 1.83% DER(5) 1.91%
Volume 3.26M Volume Incr -7.74%
Vol(5) 3.17M Vol(50) 4.72M

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