MATTERPORT INC (MTTR) Stock Technical Analysis
NASDAQ:MTTR - Nasdaq - US5770961002 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MTTR. Both in the recent history as in the last year, MTTR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
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 one of the better performing stocks in the Software industry, it outperforms 95% of 283 stocks in the same industry.
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 has an excellent technical rating and 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
4.46
5.50
When analyzing the support we can see 4 important areas.
- 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.
When analyzing the resistance we notice one important 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.
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. |
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)
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 worst case loss on the trade is limited to 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.
5.38
-0.06 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.1%
1 Week-0.92%
2 Weeks3.07%
1 Month3.86%
3 Month13.03%
6 Month18.76%
12 Month153.77%
2 Year76.39%
3 Year-27.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%1.85%
ATR Inc0.35%
Range Today0.1
ADR(20)0.1
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.85
Mansfield1.79
10 Day High5.46
10 Day Low5.16
20 Day High5.46
20 Day Low5.1
52 Week High5.46
52 Week Low1.73
CS1 End5.16
CR1 Start5.38
Volume & EV
DER(3)6.69%
DER(5)3.76%
Volume13.99M
Volume Incr59.34%
Vol(5)8.52M
Vol(50)4.66M