Wednesday June 19, 2019 Change -3.53% Price $19.15
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will MTRX stock price go up or down on Thu, 20 Jun 2019?

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Matrix Service Company Forecast and Stock Analysis

Technical MTRX stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-19


Matrix Service Company fell by -3.53% in the last day ( Wednesday, 19th Jun 2019 ) from $19.85 to $19.15 During day the stock fluctuated 4.33% from a day low at $18.95 to a day high of $19.77. The price has risen in 6 of the last 10 days and is up by 3.12% over the past 2 weeks. Volume has increased in the last day by 31 374 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, 110 035 shares bought and sold for approximately $2.11 million.

Quick summary:

  • 30 day high of the MTRX stock price was $21.04 and low was $17.99.
  • 90 day high was $23.07 and low was $17.99.
  • 52 week high for the Matrix Service Company - $25.75 and low - $15.43.

Trend

Matrix Service Company 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 -4.31% during the next 3 months and, with 90% probability hold a price between $17.12 and $21.03 at the end of this period.

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Signals

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 $19.28 and $19.76. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, 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.

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Relative Strength Index (RSI)

RSI14 is 51 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 $18.77.

Support: $18.77 Price: $19.15 Resistance: $19.32

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.82 (4.33%) between high and low. For the last week, the stock has had a daily average volatility of 3.25%.

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

3.25 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Matrix Service Company 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Sell Candidate.

Strong Sell Candidate Downgraded
Stronger Sell Today MTRX ranks #5841 as SELL CANDIDATE #5841 Weaker Sell

Will MTRX stock price go up or down on Thu, 20 Jun 2019?

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