RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MTRX
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Matrix Service Company stock price up 0.0749% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 13, 2024 Gain 10.77% PDF

The Matrix Service Company stock price gained 0.0749% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.36 to $13.37. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.04% from a day low at $13.36 to a day high of $13.90. The price has risen in 6 of the last 10 days and is up by 1.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 265 thousand shares were bought and sold for approximately $3.55 million.

The stock lies in the middle of a very wide and strong 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 45.91% during the next 3 months and, with a 90% probability hold a price between $17.07 and $21.57 at the end of this 3-month period.

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MTRX Signals & Forecast

Mostly positive signals in the chart today. The Matrix Service Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $13.15 and $12.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 15.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Matrix Service Company stock

Matrix Service Company finds support from accumulated volume at $13.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.540 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: $12.72 (-4.87%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (MTRX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Matrix Service Company to open at $13.54, and during the day (based on 14 day Average True Range), to move between $12.84 and $13.90, which gives a possible trading interval of +/-$0.527 (+/-3.94%) up or down from last closing price. If Matrix Service Company takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $13.22, some $0.150 (1.12%) from the current price of $13.37, our system finds the risk reward attractive.

Is Matrix Service Company stock A Buy?

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 Matrix Service Company stock to perform well in the short-term.

Current score: 3.748 Buy Candidate Unchanged

Predicted Opening Price for Matrix Service Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$13.54 ( 1.30%) $13.37

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MTRX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.08 5.34 %
R2 13.88 3.79 %
R1 13.75 2.84 %
Current price: 13.37
Support S1 13.34 -0.246 %
S2 13.21 -1.20 %
S3 13.00 -2.74 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 13.37
Support S1 13.22 -1.12%
S2 12.34 -7.70%
S3 11.34 -15.18%

FAQ

What is the symbol for Matrix Service Company Stock and on which exchange is it traded?
The symbol for Matrix Service Company is MTRX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Matrix Service Company Stock?
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 Matrix Service Company stock to perform well in the short-term.

How to buy Matrix Service Company Stock?
Matrix Service Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Matrix Service Company Stock.

What's the current price of Matrix Service Company Stock?
As of the end of day on the 2024-03-27, the price of an Matrix Service Company (MTRX) share was $13.37.

What is the 52-week high and low for Matrix Service Company Stock?
The 52-week high for Matrix Service Company Stock is $13.90 and the 52-week low is $4.74.

What is the market capitalization of Matrix Service Company Stock?
As of the 2024-03-27, the market capitalization of Matrix Service Company is 364.791M.

When is the next earnings date for Matrix Service Company?
The upcoming earnings date for Matrix Service Company is May 13, 2024.
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About Matrix Service Company

Matrix Service Company Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The Utility and P... MTRX Profile

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