The Hourly View for MATW
At the time of this writing, MATW (Get Ratings)’s price is up $0.07 (0.2%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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.
Out of Steel Works Etc stocks, MATW ranks 29th in regards to today’s price percentage change.
MATW’s Technical Outlook on the Daily Chart
At the time of this writing, MATW’s price is down $-0.25 (-0.72%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows MATW’s price action over the past 90 days.
MATW: Daily RSI Analysis
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