MATTERPORT INC (MTTR)

US5770961002 - Common Stock

4.85  +0.07 (+1.46%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to MTTR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTTR is showing a nice and steady performance.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MTTR is one of the better performing stocks in the Software industry, it outperforms 77% of 279 stocks in the same industry.
MTTR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MTTR has a been trading in the 4.46 - 4.88 range, which is quite wide. It is currently trading near the high of this range.
MTTR has an average volume of 1865360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MTTR is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

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Weekly and Daily overview Charts
MTTR Weekly chart
MTTR Daily chart
Setup Rating and Analysis

8

MTTR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.75, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

4.09

4.92

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 4.46 to 4.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @4.13 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • Resistance @4.87 from a horizontal line in the daily time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.95
Mansfield2.08
10 Day High4.88
10 Day Low4.59
20 Day High4.88
20 Day Low4.46
52 Week High4.99
52 Week Low1.73
Performance
1 Week0.42%
2 Weeks-0.21%
1 Month2.36%
3 Month9.89%
6 Month8.14%
12 Month79.7%
2 Year51.75%
3 Year-85.24%
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)56.7
LBB4.5
UBB4.95

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
4.884.580.30 (6.15%)16.27%
An entry @4.88. This is a Buy Stop order right above the resistance zone.An exit @4.58. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.30 points, which is 6.15%.When investing 16.27% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

MTTR Daily chart

MATTERPORT INC

NASDAQ:MTTR (11/22/2024, 11:14:04 AM)

4.85

+0.07 (+1.46%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.46%
1 Week0.42%
2 Weeks-0.21%
1 Month2.36%
3 Month9.89%
6 Month8.14%
12 Month79.7%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.13
ATR(20)%2.55%
ATR Inc
Range Today0.05
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High4.88
10 Day Low4.59
20 Day High4.88
20 Day Low4.46
52 Week High4.99
52 Week Low1.73
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume423.22K
Volume Incr-18.75%
Vol(5)1.71M
Vol(50)1.87M