Matrix Service Technical Analysis (NASDAQ:MTRX)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Matrix Service stock price data and volume are plotted in MTRX stock charts and these trading charts form the basis of technical analysis.
See Matrix Service bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Matrix Service stock analysis.
Matrix Service Moving Average
Moving averages show the MTRX stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $18.9 is below the last closing price of $18.9 and the 50 day moving average of $17.26 is below the last closing price of $18.9. The 10 and 20 day periods can predict short term moving average trends.
Matrix Service Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MTRX stock. The stock price is trading between the average and the lower band in the context of Matrix Service bollinger bands.
Matrix Service Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Matrix Service MACD indicator is above 0 indicating a bullish trend.
Matrix Service Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of MTRX stock is 55.71.