Online dating service provider Match Group (Nasdaq: MTCH) has seen its stock rise tremendously since November. The stock dropped below the $32 level on November 20 and it hit a high of $75.28 on May 17. That’s a gain of over 135% in less than six months.
The technical performance for the stock is strong enough that it scores a 96 on Investor’s Business Daily’s Relative Price Strength Rating. That means that only 4% of the stocks in IBD’s database have seen better price performance over the past year.
We see on the daily chart how an upwardly sloped trend channel has helped guide the stock higher over the last five months. The lower rail connects the lows from each of the last four months and the stock just touched it. The daily stochastic readings dipped down close to oversold territory, but didn’t quite reach it. The indicators have now turned higher and made a bullish crossover.
The Tickeron Trend Prediction Engine generated a bullish signal for Match Group on June 27. The signal showed a confidence level of 87% with 83% of past predictions being successful. This signal calls for a gain of at least 4% over the next month.
From a fundamental perspective, Match has seen its earnings grow by 37% per year over the last three years and they were up 62% in the most recent quarter. Sales were up 21% per year and increased by 14% in the most recent quarter. The company is currently showing a return on equity of 138.8% and a profit margin of 31.1%. You would be hard pressed to find many companies with better stats than those.
MTCH moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend. In of 40 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on April 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MTCH as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MTCH turned negative on April 04, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MTCH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MTCH entered a downward trend on March 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MTCH advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .
MTCH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (103.093) is normal, around the industry mean (19.638). P/E Ratio (15.894) is within average values for comparable stocks, (49.308). Projected Growth (PEG Ratio) (0.455) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (3.131) is also within normal values, averaging (110.312).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. MTCH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MTCH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of dating products
Industry InternetSoftwareServices