Match stock: buy or sell

MTCH stock price: $155.72 1.17% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

2

Match stock brief

  • Match stock moved up 1.17% to close at $155.72 on the stock market today, after 4 consecutive sessions in green.
  • The price is currently over the upper Bollinger band, which usually indicates a near-term correction
  • The stock is configuring an uptrend pattern since last March, when it bottomed at $129.68. Up to date, the uptrend made a 20.08% profit since the beginning of this rally
  • Morgan Stanley posted a buy rating for Match last Friday
  • Match Group, Inc. provides dating products worldwide.

Should I buy Match stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $MTCH stock a buy?

In the current situation of Match there is just one buy setup eligible:

Uptrend buy setup

Match stock continues to trend higher since last March and has marked a gorgeous 20.08% gain. Price marked a pull back in this uptrend at $132.33 in mid-May, and since then it bounced up a 17.68%. Breaking out above $160.25 - it's last top - will be a good entry point if Match resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $144.23

Buy setupBuy pointStop lossRisk
Uptrend buy setup$160.25$144.2310.00%

Should I sell Match stock?

"To sell or not to sell", if you are holding Match stock?. Like when we have to buy shares, choosing when is appropiate to sell is not a whimsy decision, and we must adhere our own trading style. We like very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups are not intended for shorting Match stock

As a rule of thumb, you should never keep an investment that generates greater losses than those expected by the time of the buy. When to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Match stock?

Currently, Match stock doesn't match any of our preferred sell setups, so if you own Match shares and your operation is in profit probably is not time to sell now

Match ratings

In the last month, just one brokerage rating was published for Match

Match analysts' ratings - Last month
Brokerage firmRating
Jun 18th, 2021
Morgan Stanley Buy

Match stock analysis

Match shares started an uptrend last March, and grew an amazing 20.08%. The price shows higher highs and lows, and along the way provided very few entry points for those who wanted to enter. Latest low was in mid-May, when price bounced at $132.33. Currently, it trades in a consolidation between its last top ($160.25) and its last bottom ($132.33)

SMAs overview

MTCH stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $157.90 (1.40% above)
  • R2: $159.53 (2.45% above)
  • R3: $159.85 (2.65% above)
  • The current supports are:

  • S1: $146.81 (-5.72% below)
  • S2: $141.80 (-8.94% below)
  • S3: $140.01 (-10.09% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it shows that the stock is currently maintaining a very strong momentum and therefore can correct the trend to the average. At this point, the price is beyond the upper band, meaning a possible near-term adjustment (at least) until it is under the band

    MTCH stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for some weeks, and therefore, without this indicator really serving to help us make any decisions.

    MTCH stock RSI chart

    Match stock price history

    Match started trading priced at an adjusted price1 of $0.27 on Jan 1993. Since then, MTCH stock surged by 57,574.07%, with an average of 2,056.22% per year. An investment of $1,000USD on the IPO would be valued $576,740.74 today.

    1: Adjusted price after possible price splits or reverse-splits

    MTCH stock price history chart

    Price target for Match stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price predictions released by analysts in the last month. If you are a small investor you don't have to invest based on these forecasts.

    In the previous 30 days we couldn't find any price target published for Match stock.

    Match stock price predictions
    Brokerage firmPrice target
    Jun 18th, 2021
    Morgan Stanley Not available

    Earnings and financials

    In early May, Match ($MTCH) hosted the investors event and released the report. Match beat Wall St estimates and posted of $0.57, that is a 42.50% increase compared to the previous predictions of $0.40. Even so, reported sales of $667.6 million were in line with market estimates.

    This compares to Earnings of $0.55 per share same quarter last year, so reported EPS is an improvement of 3.64%. Looking at revenues, figures exploded a 22.58% compared to $5.4B same quarter 12 months ago.

    Match ($MTCH) is posting Q2 financial report next August. Analysts forecast of $0.51, that is a 10.53% less than Q1.

    Match performance

    MTCH performance compared
    Company1m3m6m
    Match ($MTCH) 8.10% 0.80% 3.20%

    Please read:
    The comments given in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the individual conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for general educational motives only

    Match summary

    Monday, June 21st, 2021
    Open$154.52
    Close$155.72
    Day range$151.3 - $157.14
    Previous close$153.92
    Session gain1.17%
    Average true range$5.49
    50d mov avg$144.53
    100d mov avg$147.57
    200d mov avg$138.73
    Earnings dateAugust 3rd, 2021

    Frequently asked questions

    What is Match stock symbol?

    Match Group, Inc. is a public company trading in the US stock market with the MTCH symbol

    Is Match stock a buy or sell?

    Match had one rating in the last 30 days Read the article to get additional tips on trading MTCH stock.

    Will MTCH go up?

    There were no predictions posted by analysts in the last 4 weeks for Match.