Matson Inc Stock Forecast
Red day on Wednesday for Matson Inc
(Updated on May 01, 2024)
The Matson Inc stock price fell by -2.13% on the last day (Wednesday, 1st May 2024) from $107.78 to $105.48. During the last trading day the stock fluctuated 6.44% from a day low at $102.00 to a day high of $108.57. 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 168 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, 360 thousand shares were bought and sold for approximately $38.02 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.50% during the next 3 months and, with a 90% probability hold a price between $90.45 and $105.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MATX Signals & Forecast
There are few to no technical positive signals at the moment. The Matson Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $108.33 and $108.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.11%. 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 Matson Inc stock
Matson Inc finds support from accumulated volume at $105.29 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 $6.57 (6.44%) between high and low. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MATX) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Matson Inc to open at $105.35, and during the day (based on 14 day Average True Range), to move between $102.55 and $108.41, which gives a possible trading interval of +/-$2.93 (+/-2.78%) up or down from last closing price. If Matson Inc takes out the full calculated possible swing range there will be an estimated 5.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $105.29 (0.18%) than the resistance at $111.05 (5.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Matson Inc stock A Buy?
Matson Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.978 Sell Candidate Unchanged
Predicted Opening Price for Matson Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $105.35 ( 0.123%) | $105.48 |
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 | 111.92 | 6.11 % | |
| R2 | 109.41 | 3.73 % | ||
| R1 | 107.86 | 2.26 % | ||
| Current price: | 105.48 | |||
| Support | S1 | 102.84 | -2.50 % | |
| S2 | 101.29 | -3.97 % | ||
| S3 | 98.78 | -6.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.20 | 8.27 % | |
| R2 | 112.83 | 6.97 % | ||
| R1 | 111.05 | 5.28 % | ||
| Current price | 105.48 | |||
| Support | S1 | 105.29 | -0.180% | |
| S2 | 104.64 | -0.796% | ||
| S3 | 103.73 | -1.66% |
MATX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 08, 2024 | Jun 06, 2024 | $0.320 | 0.304% |
| 2 | Jan 25, 2024 | Feb 07, 2024 | Mar 07, 2024 | $0.320 | 0.297% |
| 3 | Oct 26, 2023 | Nov 08, 2023 | Dec 07, 2023 | $0.320 | 0.329% |
| 4 | Jun 22, 2023 | Aug 02, 2023 | Sep 07, 2023 | $0.320 | 0.379% |
| 5 | Apr 27, 2023 | May 10, 2023 | Jun 01, 2023 | $0.310 | 0.445% |
FAQ
Click here for our free guide on how to buy Matson Inc Stock.
