MATTHEWS INTERNATIONAL - Daily - Technical analysis published on 08/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 31.57 USD
My targets
27.81 USD (-8.10%)
21.71 USD (-28.26%)
My analysis
MATTHEWS INTERNATIONAL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 31.57 USD. The next support located at 27.81 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 21.71 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MATTHEWS INTERNATIONAL rating 30.26 USD. On the day, this instrument gained +0.47% and was between 29.97 USD and 30.41 USD. This implies that the price is at +0.97% from its lowest and at -0.49% from its highest.29.97
30.41
30.26
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MATTHEWS INTERNATIONAL indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21.71 | 27.81 | 30.26 | 31.57 | 37.27 | 40.89 |
| Change (%) | -28.26% | -8.10% | - | +4.33% | +23.17% | +35.13% |
| Change | -8.55 | -2.45 | - | +1.31 | +7.01 | +10.63 |
| Level | Minor | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.12 | 29.51 | 29.82 | 30.21 | 30.52 | 30.91 | 31.22 |
| Camarilla | 29.93 | 29.99 | 30.06 | 30.12 | 30.18 | 30.25 | 30.31 |
| Woodie | 29.07 | 29.49 | 29.77 | 30.19 | 30.47 | 30.89 | 31.17 |
| Fibonacci | 29.51 | 29.78 | 29.95 | 30.21 | 30.48 | 30.65 | 30.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.80 | 29.77 | 30.63 | 31.60 | 32.46 | 33.43 | 34.29 |
| Camarilla | 31.00 | 31.16 | 31.33 | 31.50 | 31.67 | 31.84 | 32.00 |
| Woodie | 28.76 | 29.74 | 30.59 | 31.57 | 32.42 | 33.40 | 34.25 |
| Fibonacci | 29.77 | 30.47 | 30.90 | 31.60 | 32.30 | 32.73 | 33.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.65 | 30.45 | 32.30 | 34.10 | 35.95 | 37.75 | 39.60 |
| Camarilla | 33.15 | 33.48 | 33.82 | 34.15 | 34.49 | 34.82 | 35.15 |
| Woodie | 28.68 | 30.46 | 32.33 | 34.11 | 35.98 | 37.76 | 39.63 |
| Fibonacci | 30.45 | 31.84 | 32.71 | 34.10 | 35.49 | 36.36 | 37.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.03 | |
| MACD (12,26,9): | -0.9900 | |
| Directional Movement: | -19.88 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 31.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.79 | |
| Elder Ray (13): | -1.48 | |
| Super Trend (3,10): | 33.36 | |
| Zig ZAG (10): | 30.26 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 20.31 | |
| TEMA (21): | 30.54 | |
| Williams %R (14): | -82.22 | |
| Chande Momentum Oscillator (20): | -5.01 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3000 | |
| Courbe Coppock: | 18.67 |
| MA7: | 31.06 | |
| MA20: | 32.67 | |
| MA50: | 33.93 | |
| MA100: | 35.44 | |
| MAexp7: | 30.99 | |
| MAexp20: | 32.21 | |
| MAexp50: | 33.61 | |
| MAexp100: | 35.36 | |
| Price / MA7: | -2.58% | |
| Price / MA20: | -7.38% | |
| Price / MA50: | -10.82% | |
| Price / MA100: | -14.62% | |
| Price / MAexp7: | -2.36% | |
| Price / MAexp20: | -6.05% | |
| Price / MAexp50: | -9.97% | |
| Price / MAexp100: | -14.42% |
News
The latest news and videos published on MATTHEWS INTERNATIONAL at the time of the analysis were as follows:
-
Cantor Fitzgerald CEO Matthews: Dodd-Frank Not Going Away
- Matthews International Reports Earnings for Fiscal 2017 First Quarter
- Matthews International Declares Quarterly Dividend
- Matthews International Announces First Quarter Earnings Release and Conference Call Schedule
- Matthews International Corporation Announces the Completion of the Purchase of Ungricht
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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