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MTCH - Match Group

Exchange: NASDAQ

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 2.29%
PRICE $41.90
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Match Group Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 18.40% ( 2018-01-31 )
Cash 1 359.1 mill
Loans n/a
Beta 0.34
ROA 16.20
Buy candidate since 2017-12-29 Gain 33.82%

Match Group gained 2.29% in the last trading day, rising from $40.96 to $41.90 The price has risen in 7 of the last 10 days and is up by 24.7% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.81 million more shares were traded than the day before. In total, 2.34 million shares bought and sold for approximately $97.88 million.

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Trend

Match Group lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $42.67 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 37.46% during the next 3 months and, with 90% probability hold a price between $48.81 and $58.66 at the end of this period.

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Signals

Match Group holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $41.67 and $35.41. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday February 20, 2018, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $37.99 and $36.03. On the upside the stock meets some resistance just above today's level from accumulated volume at $41.91 and $42.10.

There is 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, Match Group finds support just below today's level at $37.99. If this is broken, then the next support from accumulated volume will be at $36.03 and $33.60. The stock is about to test the resistance from accumulated volume at $41.91 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $37.99 Price: $41.90 Resistance: $41.91

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 $0.90 between high and low, or 2.18%. For the last week, the stock has had a daily average volatility of 4.04%.

Our recommended stoploss: $39.88 (-4.81%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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