MTCH - Match Group

Exchange: NASDAQ

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE -6.42%
PRICE $50.59
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Match Group Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Sell candidate since 2018-10-18 Loss -6.42%
Shorts 11.82% ( 2018-09-28 )
Cash 430.2 mill
Loans n/a
Beta 0.75
ROA 23.06

Match Group fell by -6.42% in the last day from $54.06 to $50.59 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days and is down by -9.61% for this period. Volume has increased in the last day by 0.87 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.80 million shares bought and sold for approximately $141.88 million.

Trend

Match Group has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $52.64. A reaction back to this level may hold a second chance to get out before further falls.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Match Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $54.04 and $55.43. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Tuesday October 16, 2018 and based on theory for this formation the price should fall by -11.49% to $45.80 within 9 trading days since signal was issued (Monday October 29, 2018).

Relative Strength Index (RSI)

RSI14 is 37 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Match Group finds support from accumulated volume at $50.42.

Support: $50.42 Price: $50.59 Resistance: $50.82

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.85 between high and low, or 9.64%. For the last week, the stock has had a daily average volatility of 5.72%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The Match Group stock holds several negative signals and despite the positive trend we believe Match Group will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

Click for Top 5 Sell Candidates
MTCH $50.59 $-3.47(-6.42%)
MTCH is down $3.47 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for MTCH based on the 1-3 month system that more than doubles the S&P 500.

Click here – the MTCH analysis is free »

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