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(MTRX) Matrix Service complete technical analysis [charts+indicators] | Buy/Sell Matrix Service | (MTRX) share price targets

Complete technical analysis of Matrix Service (MTRX) by charts plus indicators, forecast predictions and share price targets for Matrix Service (MTRX)

Matrix Service trades in USA in Basic Industries sector.

10 day averaged volume of Matrix Service is 330532

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 11.05 11.56 11.68 11.00 0.528 times
15 Wed May 2024 11.53 11.10 11.63 11.08 1.046 times
14 Tue May 2024 11.00 11.10 11.33 10.92 0.968 times
13 Mon May 2024 10.89 11.01 11.23 10.65 1.557 times
10 Fri May 2024 10.91 11.57 11.80 10.70 2.012 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11 as stoploss in an intra day buy trade for a target of 11.41. However, stock will show a bearish move below 11.

Share price targets for Matrix Service (MTRX)

Target Type Value
Downside Target 8.81
Downside Target 9.00
Downside Target 9.75
Downside Target 10.22
Downside Target 10.65
Downside Target 11.00
Upside Target 11.37
Upside Target 12.24
Upside Target 12.43
Upside Target 13.04
Upside Target 13.43
Upside Target 13.90

Intraday share price targets for Matrix Service (MTRX)

Target Type Value
Downside Intraday Target 10.57
Downside Intraday Target 10.1
Upside Intraday Target 11.6
Upside Intraday Target 12.16
Upside Intraday Target 11.13

Weekly technical analysis of Matrix Service (MTRX)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 11.05 11.01 11.68 10.65 0.735 times
10 Fri May 2024 10.91 11.86 12.24 9.75 3.192 times
03 Fri May 2024 11.74 11.57 11.99 11.00 1.065 times
26 Fri Apr 2024 11.53 11.64 11.83 11.37 0.519 times
19 Fri Apr 2024 11.61 12.22 12.43 11.50 1.529 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Matrix Service (MTRX)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 11.05 11.30 12.24 9.75 1.114 times
30 Tue Apr 2024 11.26 13.03 13.43 11.13 0.587 times
28 Thu Mar 2024 13.03 11.88 13.90 11.66 1.031 times
29 Thu Feb 2024 11.80 9.42 13.04 8.81 1.728 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Matrix Service (MTRX)

Indicator Name Indicator Value Indicator Signal
ADX 23, 28, 10 Sell
MACD -0, -0Sell
Stochastics 58None
CCI -24Sell
RSI 48Sell
OBV -592419Sell
VWAP 11Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Matrix Service ( (MTRX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Matrix Service ( (MTRX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Matrix Service ( (MTRX) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Matrix Service ( (MTRX) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Matrix Service stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Matrix Service in short term and the sell signal is strong.

Matrix Service Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Matrix Service in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Matrix Service is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.05 and Matrix Service (MTRX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Matrix Service (MTRX) stock. Volume based technical analysis of Matrix Service (MTRX) stock is negative.

Matrix Service Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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