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Match (MTCH, $158.47) shares fall, on earnings miss
Match Group shares dropped during after-hours trading Tuesday, following the company’s earnings results that came in lower than what analysts expected. Revenue, however, beat expectations.
The online dating service conglomerate, posted second-quarter earnings of 46 cents a share, compared to the 49 cents a share expected by analysts polled by FactSet. The figure, however, is higher than 36 cents a share during COVID-19 pandemic-induced depression in the year-ago quarter.
Revenue climbed +27% year-over-year to $707.76 million, also exceeding analysts’ forecast of $693.5 million.
Chief Executive Shar Dubey continues to be optimistic about momentum while entering the second half of the year. “We are seeing a strong recovery in the U.S. and improvement in Europe as well, but important markets for us such as India, South Korea, Brazil, and Japan are further behind on the COVID recovery curve.” Further, “Against this backdrop, our business is showing clear signs of strength, with more room to run as additional markets come up the vaccination curve,” Dubey said.
MTCH's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for MTCH turned positive on May 13, 2022. Looking at past instances where MTCH's MACD turned positive, the stock continued to rise in 46 of 52 cases over the following month. The odds of a continued upward trend are 88%.
Current price $77.88 crossed the support line at $132.33 and is trading between $132.33 support and $59.17 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -2% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +4% Uptrend.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MTCH's RSI Indicator exited the oversold zone, 15 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 58%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 48 of 58 cases where MTCH's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 83%.
The Momentum Indicator moved above the 0 level on May 20, 2022. You may want to consider a long position or call options on MTCH as a result. In 80 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
Following a +8.48% 3-day Advance, the price is estimated to grow further. Considering data from situations where MTCH advanced for three days, in 252 of 311 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
MTCH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
The Aroon Indicator for MTCH entered a downward trend on May 19, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.57.
The Tickeron Valuation Rating of 1 (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 (0.000) is normal, around the industry mean (17.595). P/E Ratio (81.301) is within average values for comparable stocks, (52.224). Projected Growth (PEG Ratio) (0.488) is also within normal values, averaging (4.148). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (7.599) is also within normal values, averaging (99.335).
The Tickeron PE Growth Rating for this company is 24 (best 1 - 100 worst), pointing to outstanding 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 Tickeron Profit vs. Risk Rating rating for this company is 48 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock slightly better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 60 (best 1 - 100 worst), indicating 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 64 (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.
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
The average market capitalization across the Internet Software/Services Industry is 35.2B. The market cap for tickers in the group ranges from 1.1K to 1.4T. GOOGL holds the highest valuation in this group at 1.4T. The lowest valued company is MSEZ at 1.1K.
The average weekly price growth across all stocks in the Internet Software/Services Industry was -1.97%. For the same Industry, the average monthly price growth was -12.24%, and the average quarterly price growth was -19.24%. SPFYF experienced the highest price growth at 63.28%, while ELRE experienced the biggest fall at -76.45%.
- 5/17/22 6:52 AM: Match Group (MTCH, $75.75) was a top weekly gainer, with a +7.13% jump
- 4/29/22 5:52 AM: Match Group (MTCH, $81.6) was a top weekly gainer, with a +5.07% jump
- 3/29/22 5:17 AM: Match Group (MTCH, $107.81) was a top weekly gainer, with a +7.78% jump
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 44.42%. For the same stocks of the Industry, the average monthly volume growth was -8.81% and the average quarterly volume growth was 197.23%
- 3/9/22 8:02 AM: The volume for Match Group stock increased for one day, resulting in a record-breaking daily growth of 208% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1.2 to 1.
6 stocks in the group of tickers confirmed the positive outlook based on the BollingerBands indicator with average odds of 78%.
The average market capitalization across the group is 14.7B. The market cap for tickers in the group ranges from 42.1M to 85B. NFLX holds the highest valuation in this group at 85B. The lowest valued company is FENG at 42.1M.
- 4/21/22 5:15 AM: Netflix (NFLX, $226.19) saw a $55.2B market cap decrease this week
The average weekly price growth across all stocks in the group was 3.58%. For the same group, the average monthly price growth was -7.38%, and the average quarterly price growth was -25.09%. FENG experienced the highest price growth at 21.5%, while LPSN experienced the biggest fall at -3.5%.
- 5/19/22 8:24 AM: Phoenix NEW Media (FENG, $0.49) is a top weekly gainer for penny stocks, rising +21.48%
- 5/17/22 6:52 AM: Netflix (NFLX, $186.51) was a top weekly gainer, with a +7.75% jump
- 5/14/22 4:23 AM: Angi (ANGI, $5.1) was a top weekly gainer, with a +24.09% jump. Expect an Uptrend continuation
The average weekly volume growth across all stocks in the group was -1.92%. For the same stocks of the group, the average monthly volume growth was -10.11% and the average quarterly volume growth was 61.71%
- 5/20/22 5:22 AM: The volume for Phoenix NEW Media stock increased for four consecutive days, resulting in a record-breaking daily growth of 230% of the 65-Day Volume Moving Average
- 5/17/22 6:45 AM: The volume for Phoenix NEW Media stock increased for one day, resulting in a record-breaking daily growth of 441% of the 65-Day Volume Moving Average
- 5/13/22 4:49 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 724% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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