MAT finds support at 100-day moving average


Mattel Inc. (MAT) Technical Analysis Report for May 17, 2018 [1 min read]
Highlights
MAT finds support at 100-day moving average
MAT finds buyers again around 15.02
MAT closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 37% Bullish
Technical Forecast:
Overview

MAT finished Thursday at 15.28 losing $0.20 (-1.29%). Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.

Daily chart for MAT
Volatility

Thursday's trading range was $0.46 (2.98%), that's below last trading month's daily average range of $0.70. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar. After moving higher in the prior session, the share closed lower but above the previous day's open today, forming a bearish Harami Candle.

Support/Resistance

Prices are trading close to a key support level at 14.90. Prices are trading close to the key resistance level at 15.51. After having been unable to move lower than 14.95 in the prior session, the market found buyers again around the same price level today at 15.02. After trading as low as 15.02 during the day, the stock found support at the 100-day moving average at 15.08.

Trend

Although Mattel Inc. is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying could speed up should prices move above the nearby swing high at 15.51 where further buy stops might get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.

Market Conditions for Mattel Inc.
ConditionForecastDirectionWinAvgWorstBestEvents
Bullish Bounce off SMA 50 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Hammer TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

MAT finds buyers at key support level

Jul 16, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Mattel Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 477.0528.70 6.40%
BTCUSD 6,712.49348.90 5.48%
NKY 22,697.36100.01 0.44%
NATGAS 2.7670.009 0.33%
EURUSD 1.17110.0025 0.21%
GBPUSD 1.3234-0.0002 -0.02%
USDJPY 112.29-0.07 -0.06%
GOLD 1,241.0-0.8 -0.06%
SPX 2,798.43-2.88 -0.10%
DXY 94.275-0.225 -0.24%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.25 -0.38
-0.39%
ACN 10 day candlestick chart for ACN167.64 -0.45
-0.27%
ADBE 10 day candlestick chart for ADBE254.68 -3.91
-1.51%
AAP 10 day candlestick chart for AAP139.67 0.33
0.24%
AES 10 day candlestick chart for AES13.13 -0.05
-0.38%
AET 10 day candlestick chart for AET191.45 -0.44
-0.23%
AFL 10 day candlestick chart for AFL42.78 0.18
0.42%
AMG 10 day candlestick chart for AMG148.62 0.14
0.09%
A 10 day candlestick chart for A62.72 -0.66
-1.04%
ABT 10 day candlestick chart for ABT61.78 -1.28
-2.03%