Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE -0.14%
PRICE $21.06




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Matrix Service Company Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Sell candidate since 2018-11-14 Gain 3.69%
Shorts n/a
Cash 74.1 mill
Loans n/a
Beta 1.00
ROA -2.24

Matrix Service Company fell by -0.14% in the last day from $21.09 to $21.06 The price has risen in 6 of the last 10 days and is up by 2.33% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -9 788 shares and in total 144 674 shares bought and sold for approximately $3.05 million.


Matrix Service Company lies in the middle of a very 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 -3.98% during the next 3 months and, with 90% probability hold a price between $18.77 and $24.02 at the end of this period.

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There are few to none technical positive signals at the moment. Matrix Service Company 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 $21.23 and $21.85. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday November 15, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A buy signal from a double bottom formation was found on Tuesday November 13, 2018 and based on theory for this formation the price should go up by 3.96% to $24.29 within 9 trading days since signal was issued (Tuesday November 27, 2018).

Relative Strength Index (RSI)

RSI14 is 55 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 $21.00.

Support: $21.00 Price: $21.06 Resistance: $21.45


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 $1.10 between high and low, or 5.28%. For the last week, the stock has had a daily average volatility of 4.80%.

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

Overall risk:

Very Low Low Medium High Very High


Matrix Service Company holds several negative signals and is within a very 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.

MTRX $21.06 $-0.03(-0.14%)
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