Technical Analysis for MTDR - Matador Resources Company

Grade Last Price % Change Price Change
grade C 16.93 -0.76% -0.13
MTDR closed down 0.76 percent on Friday, January 17, 2020, on 83 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to bounce off of its 200 day moving average, an important long-term support line. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Up Down
Historical MTDR trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Crossed Above 200 DMA Bullish -0.76%
NR7 Range Contraction -0.76%
Oversold Stochastic Weakness -0.76%
Fell Below 200 DMA Bearish 0.12%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.12%
Down 3 Days in a Row Weakness 0.12%

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Profile

Matador Resources Company engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company primarily holds interests in the Eagle Ford shale play in South Texas; the Haynesville shale play, including the Middle Bossier shale play, as well as the Cotton Valley and Hosston formations in Northwest Louisiana and East Texas; the Wolfcamp and Bone Spring plays in Southeast New Mexico and West Texas; and the Meade Peak shale play in Southwest Wyoming and the adjacent areas of Utah and Idaho. As of December 31, 2012, its estimated total proved reserves were 23.8 million barrels of oil equivalent, including 10.5 million Bbl of oil and 80.0 billion cubic feet of natural gas. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.
Natural Gas Oil Geology Of The United States Oil Equivalent Shale Gas In The United States Eagle Ford Group Mesozoic Geological History Of Earth Natural Gas Resources Haynesville Shale

Is MTDR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 22.25
52 Week Low 12.16
Average Volume 2,340,564
200-Day Moving Average 16.92
50-Day Moving Average 16.07
20-Day Moving Average 17.92
10-Day Moving Average 18.01
Average True Range 0.62
ADX 29.29
+DI 21.69
-DI 26.79
Chandelier Exit (Long, 3 ATRs ) 17.97
Chandelier Exit (Short, 3 ATRs ) 17.96
Upper Bollinger Band 19.55
Lower Bollinger Band 16.28
Percent B (%b) 0.2
BandWidth 18.23
MACD Line 0.33
MACD Signal Line 0.64
MACD Histogram -0.3108
Fundamentals Value
Market Cap 1.7 Billion
Num Shares 100 Million
EPS 1.93
Price-to-Earnings (P/E) Ratio 8.77
Price-to-Sales 6.38
Price-to-Book 2.79
PEG Ratio 1.62
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.46
Resistance 3 (R3) 17.50 17.37 17.37
Resistance 2 (R2) 17.37 17.24 17.35 17.34
Resistance 1 (R1) 17.15 17.15 17.09 17.11 17.31
Pivot Point 17.02 17.02 16.99 17.00 17.02
Support 1 (S1) 16.80 16.89 16.74 16.76 16.55
Support 2 (S2) 16.67 16.80 16.65 16.52
Support 3 (S3) 16.45 16.67 16.49
Support 4 (S4) 16.41