Weaker Buy Today MTRX ranks #1670 as BUY CANDIDATE. Stronger Buy
Today MTRX ranks #1670 as BUY CANDIDATE.

MTRX stock Matrix Service Company

MTRX stock
Matrix Service Company

February 15, 2019
Change 1.50%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will MTRX stock price go up or down on Mon, 18 Feb 2019?

Matrix Service Company Forecast and Stock Analysis

Technical MTRX stock analysis for February 15, 2019.

Buy candidate since 2019-02-15
Shorts n/a
Cash n/a
Loans n/a
Beta 1.12
ROA -2.46

Matrix Service Company gained 1.50% in the last trading day, rising from $20.64 to $20.95 The price has been going up and down for this period, and there has been a -3.59% loss for the last 2 weeks. Volume fell in the last day by -6 031 shares, and in total, 107 544 shares bought and sold for approximately $2.25 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the MTRX stock was $20.95. This is 1.5% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 2.22% from a day low at $20.75 to a day high of $21.21.

30 day high of the MTRX stock price was $22.45 and low was $17.47.
90 day high was $22.45 and low was $15.43.
52 week high for the Matrix Service Company - $25.75 and low - $13.00.

Trend

Matrix Service Company lies in the middle of a very wide and weak 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 8.67% during the next 3 months and, with 90% probability hold a price between $18.25 and $24.62 at the end of this period.

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Signals

Only positive signals in the chart today. Matrix Service Company 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 $20.39 and $20.02. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Matrix Service Company finds support from accumulated volume at $19.99.

Support: $19.99 Price: $20.95 Resistance: $21.05

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 $0.46 between high and low, or 2.22%. For the last week, the stock has had a daily average volatility of 3.21%.

Our recommended stoploss: $20.12 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today MTRX ranks #1670 as BUY CANDIDATE. Stronger Buy
Today MTRX ranks #1670 as BUY CANDIDATE.