Matson Inc Stock Forecast
Matson Inc stock price down 0.711% on Friday
(Updated on Apr 26, 2024)
The Matson Inc stock price fell by -0.711% on the last day (Friday, 26th Apr 2024) from $109.72 to $108.94. During the last trading day the stock fluctuated 1.79% from a day low at $108.71 to a day high of $110.65. The price has been going up and down for this period, and there has been a -1.71% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 134 thousand shares were bought and sold for approximately $14.57 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $111.24 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.48% during the next 3 months and, with a 90% probability hold a price between $91.06 and $102.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MATX Signals & Forecast
The Matson Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $107.63 and $108.41. A breakdown below any of these levels will issue sell signals. 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 Monday, April 08, 2024, and so far it has fallen -3.82%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Matson Inc stock
Matson Inc finds support from accumulated volume at $107.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.94 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: $103.86 (-4.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (MATX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Matson Inc to open at $109.43, and during the day (based on 14 day Average True Range), to move between $106.22 and $111.66, which gives a possible trading interval of +/-$2.72 (+/-2.49%) up or down from last closing price. If Matson Inc takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $107.88 (0.97%) than the resistance at $112.83 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Matson Inc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.99. We will update the financials statements for Matson Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.56% in the first trading day after earnings release.
Is Matson Inc stock A Buy?
Matson Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.391 Hold/Accumulate Unchanged
Predicted Opening Price for Matson Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$109.43 ( 0.454%) | $108.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MATX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 111.38 | 2.24 % | |
R2 | 110.63 | 1.56 % | ||
R1 | 110.18 | 1.13 % | ||
Current price: | 108.94 | |||
Support | S1 | 108.69 | -0.228 % | |
S2 | 108.23 | -0.648 % | ||
S3 | 107.49 | -1.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 114.20 | 4.83 % | |
R2 | 113.92 | 4.57 % | ||
R1 | 112.83 | 3.57 % | ||
Current price | 108.94 | |||
Support | S1 | 107.88 | -0.97% | |
S2 | 106.01 | -2.69% | ||
S3 | 104.64 | -3.95% |
MATX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Feb 07, 2024 | Mar 07, 2024 | $0.320 | 0.297% |
2 | Oct 26, 2023 | Nov 08, 2023 | Dec 07, 2023 | $0.320 | 0.329% |
3 | Jun 22, 2023 | Aug 02, 2023 | Sep 07, 2023 | $0.320 | 0.379% |
4 | Apr 27, 2023 | May 10, 2023 | Jun 01, 2023 | $0.310 | 0.445% |
5 | Jan 26, 2023 | Feb 08, 2023 | Mar 02, 2023 | $0.310 | 0.468% |
FAQ
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