Match Group Stock Forecast
Match Group stock price ended at $31.69 on Tuesday, after losing 0.84%.
(Updated on Apr 23, 2024)
The Match Group stock price fell by -0.84% on the last day (Tuesday, 23rd Apr 2024) from $31.96 to $31.69. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.18% from a day low at $31.63 to a day high of $32.32. The price has fallen in 8 of the last 10 days and is down by -9.74% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -141 thousand shares and in total, 3 million shares were bought and sold for approximately $104.79 million.
The stock 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 -12.08% during the next 3 months and, with a 90% probability hold a price between $27.07 and $30.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MTCH Signals & Forecast
There are few to no technical positive signals at the moment. The Match Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $32.00 and $34.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -12.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Match Group stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.690 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTCH) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Match Group to open at $31.88, and during the day (based on 14 day Average True Range), to move between $30.68 and $32.70, which gives a possible trading interval of +/-$1.01 (+/-3.19%) up or down from last closing price. If Match Group takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $35.91, some $4.22 (13.32%) from the current price of $31.69, our system finds the risk reward not very attractive.
Is Match Group stock A Buy?
Match Group 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.
Current score: -3.214 Sell Candidate Unchanged
Predicted Opening Price for Match Group of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $31.88 ( 0.600%) | $31.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTCH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.57 | 2.78 % | |
| R2 | 32.31 | 1.95 % | ||
| R1 | 32.14 | 1.43 % | ||
| Current price: | 31.69 | |||
| Support | S1 | 31.62 | -0.232 % | |
| S2 | 31.45 | -0.746 % | ||
| S3 | 31.19 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.38 | 21.11 % | |
| R2 | 37.73 | 19.06 % | ||
| R1 | 35.91 | 13.32 % | ||
| Current price | 31.69 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MTCH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 07, 2018 | Dec 04, 2018 | Dec 19, 2018 | $2.00 | 4.88% |
| 2 | Oct 27, 2015 | Nov 10, 2015 | Dec 01, 2015 | $0.0971 | 0.682% |
| 3 | Jul 28, 2015 | Aug 12, 2015 | Sep 01, 2015 | $0.0971 | 0.492% |
| 4 | Apr 28, 2015 | May 13, 2015 | Jun 01, 2015 | $0.0971 | 0.442% |
| 5 | Feb 03, 2015 | Feb 11, 2015 | Mar 01, 2015 | $0.0971 | 0.504% |
FAQ
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