RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MTRX
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Evaluation of Matrix Service Company stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 13, 2024 Gain 7.95% PDF

The Matrix Service Company stock price fell by -2.54% on the last day (Thursday, 28th Mar 2024) from $13.37 to $13.03. During the last trading day the stock fluctuated 4.49% from a day low at $12.82 to a day high of $13.40. The price has risen in 6 of the last 10 days but is still down by -0.46% for this period. Volume has increased on the last day by 120 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 385 thousand shares were bought and sold for approximately $5.02 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 52.58% during the next 3 months and, with a 90% probability hold a price between $18.01 and $20.85 at the end of this 3-month period.

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MTRX Signals & Forecast

The Matrix Service Company stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.16. On a fall, the stock will find some support from the long-term average at approximately $12.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -2.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Matrix Service Company stock

On the downside, the stock finds support just below today's level from accumulated volume at $12.34 and $12.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Matrix Service Company finds support just below today's level at $12.34. If this is broken, then the next support from accumulated volume will be at $12.31 and $11.34.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.575 between high and low, or 4.49%. For the last week, the stock has had daily average volatility of 3.78%.

Our recommended stop-loss: $12.51 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (MTRX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Matrix Service Company to open at $13.08, and during the day (based on 14 day Average True Range), to move between $12.50 and $13.56, which gives a possible trading interval of +/-$0.531 (+/-4.07%) up or down from last closing price. If Matrix Service Company takes out the full calculated possible swing range there will be an estimated 8.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.08 (0.38%) than the support at $12.34 (5.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Matrix Service Company stock A Buy?

Matrix Service Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.704 Hold/Accumulate Downgraded

Predicted Opening Price for Matrix Service Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$13.08 ( 0.397%) $13.03

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MTRX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.66 4.81 %
R2 13.44 3.12 %
R1 13.30 2.08 %
Current price: 13.03
Support S1 12.86 -1.29 %
S2 12.73 -2.33 %
S3 12.51 -4.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.22 1.46 %
R2 13.09 0.460 %
R1 13.08 0.384 %
Current price 13.03
Support S1 12.34 -5.30%
S2 12.31 -5.53%
S3 11.34 -12.97%

FAQ

What is the symbol for Matrix Service Company Stock and on which exchange is it traded?
The symbol for Matrix Service Company is MTRX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Matrix Service Company Stock?
Matrix Service Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Matrix Service Company Stock?
Matrix Service Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Matrix Service Company Stock.

What's the current price of Matrix Service Company Stock?
As of the end of day on the 2024-03-28, the price of an Matrix Service Company (MTRX) share was $13.03.

What is the 52-week high and low for Matrix Service Company Stock?
The 52-week high for Matrix Service Company Stock is $13.90 and the 52-week low is $4.74.

What is the market capitalization of Matrix Service Company Stock?
As of the 2024-03-28, the market capitalization of Matrix Service Company is 355.78M.

When is the next earnings date for Matrix Service Company?
The upcoming earnings date for Matrix Service Company is May 13, 2024.
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About Matrix Service Company

Matrix Service Company Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The Utility and P... MTRX Profile

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