The Hourly View for MAT
Currently, MAT (Get Ratings)’s price is down $-0.05 (-0.24%) from the hour prior. This is the 2nd hour in a row MAT has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
MAT ranks 13th in terms of today’s price percentage change out of Recreation stocks.
MAT’s Technical Outlook on the Daily Chart
At the moment, MAT’s price is down $-0.3 (-1.51%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Of note is that the 20 day changed directions on MAT; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MAT’s price action over the past 90 days.
MAT: Daily RSI Analysis
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