Match Group, Inc. (MTCH)

Match stock forecast: buy or sell

Match stock outlook

  • Match stock exploded 4.23% to close at $100.39 on the stock market today, after 3 consecutive sessions in green.
  • The stock is configuring an uptrend pattern since late March, when it bottomed at $44.74. This uptrend marked a 124.39% gain
  • IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally.
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Disclaimer:
The viewpoints written in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the individual positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for informational motives only

Match stock chart overview

Should I buy Match stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

Currently, Match stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for MTCH in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Match stock?

How to know when is it time to sell Match stock?. Just as when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must adhere our own trading style. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for selling short Match stock

A golden rule is that you should never mantain an open trade that yields losses greater than those expected by the time of the buy. The moment to sell shares always has to be determined 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 stock and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Match stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, 2 brokerage ratings were published for Match

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Match ratings

Brokerage firmRating
Jun 18th, 2020
UBS Group Neutral
Jun 23rd, 2020
BMO Capital Markets

Technical analysis

Since in late March, Match has been printing an uptrend that by now marked a gorgeous 124.39%. During this uptrend, the price offered some buy points on the breakouts. Latest low was in mid-June, when price bounced at $82.57. Like in all uptrends, price needs to take breath and now price is consolidating the gains in a range between $108.45 and $82.57

SMAs overview

A favorite tool of many traders are the moving averages, that easily show trend momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Investors use support and resistance levels to find price points on a chart that tend to behave as obstacles, containing the price of shares to move up or down. A support level is a level where the price tends to stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue declining until approaching another support level. On the contrary, resistance levels are where the price tends to find resistance as it moves up. In the same manner, the price is more liable to "rebound" at this level, and if it finally breaks this level, it will climb easily until it meets the next resistance

The current resistance levels are:

  • R1: $108.45 (8.03% above)
  • The current supports are:

  • S1: $95.57 (-4.8% below)
  • S2: $95.32 (-5.05% below)
  • S3: $92.51 (-7.85% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. It is made up of three bands that are outlined superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price surpassed the upper band on July 1, the price sliced by 6.55%

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that gauges price movements to identify when the price of a share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 on June 30 after just crossing to the overbough zone for 1 day (weak signal). The RSI value yesterday was 56.32. Match price dropped a 5.29% since then

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    Earnings and financials

    Match hosted the quarterly investors event and posted the 1st-quarter report in early May. Match surpassed consensus earnings estimates and presented a per-share earnings of %s of $0.55, that is a 44.74% improvement compared to the predictions of $0.38. Reported revenues were $544.6 million compared to estimates of $544.7 million.

    This compares to earnings of $0.42 per share a year ago, so reported EPS is an increase of 30.95%. Sales exploded a 17.22% on an annualized basis in the 1st-quarter, from $464.6M to $544.6M last quarter. Match reported three year over year quarterly results in green, rising turnover by 75.93% from $309.6M on 2017-Q2.

    Match is hosting the quarterly earnings call on early next August. Wall Street forecasts an earnings per share (EPS) of $0.44, compared to Q1 that made $0.55. If you own or you are considering buying Match stock, you must be on your toes as financial reporting day usually has a very high volatility, and price can gap up or down with unsually low liquidity and not honouring your buy or stop-loss orders. Have a look company's website to confirm time and details on the earnings call and the earnings report.

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