Technical Analysis for MCE - Matrix Composites & Engineering Limited  

Grade Last Price % Change Price Change
B 0.340 -5.56% -0.020
MCE closed down 5.56 percent on Tuesday, May 14, 2024, on 87 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
BB Squeeze Ended Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Crossed Above 20 DMA Bullish -5.56%
Stochastic Buy Signal Bullish -5.56%

   Recent Intraday Alerts

Alert Time
Down 1 ATR about 11 hours ago
Fell Below Previous Day's Low about 11 hours ago
Down 3% about 11 hours ago
Fell Below 50 DMA about 11 hours ago
Down 2% about 13 hours ago

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Profile

Matrix Composites & Engineering Limited   Description

Matrix Composites & Engineering Ltd manufactures and supplies engineered products and services to the global energy sector. The Company's principal activities include manufacture and supply of capital drilling equipment (primarily consisting of syntactic foam buoyancy) and provision of inspection, maintenance and repair services; manufacture and supply of subsea umbilical risers and flowline (SURF) ancillary equipment, and associated services, and manufacture and supply of well construction products, including centralizers and conductors. The Company's segment is the MCE Group. The Company's products include syntactic structural systems and functional fillers for the civil and infrastructure sector; Nautilus riser protection, buoyancy system testing, conductors and distributed buoyancy clamping system for the oil and gas sector; energy absorption systems and floating concrete for the defense and marine sector, and structural dampening systems for the downstream and process sector.


Classification

Sector: Industrials
Industry: Engineering & Construction
Keywords: Energy Gas Oil Infrastructure Oil And Gas Construction Engineering Drilling Marine Concrete Air Services Inspection Petroleum Production Repair Services Downstream Gas Sector Subsea Energy Sector Oil And Gas Sector Ancillary Equipment Buoy Drilling Equipment

Is MCE 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 0.39
52 Week Low 0.21
Average Volume 173,882
200-Day Moving Average 0.299
50-Day Moving Average 0.348
20-Day Moving Average 0.354
10-Day Moving Average 0.350
Average True Range 0.013
RSI (14) 43.18
ADX 12.2
+DI 21.834
-DI 21.452
Chandelier Exit (Long, 3 ATRs) 0.346
Chandelier Exit (Short, 3 ATRs) 0.369
Upper Bollinger Bands 0.370
Lower Bollinger Band 0.338
Percent B (%b) 0.05
BandWidth 8.975
MACD Line 0.000
MACD Signal Line 0.002
MACD Histogram -0.0017
Fundamentals Value
Market Cap 34.79 Million
Num Shares 102 Million
EPS -0.09
Price-to-Earnings (P/E) Ratio -3.86
Price-to-Sales 0.50
Price-to-Book 0.50
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.378
Resistance 3 (R3) 0.382 0.373 0.371
Resistance 2 (R2) 0.373 0.364 0.371 0.369
Resistance 1 (R1) 0.357 0.358 0.353 0.353 0.367
Pivot Point 0.348 0.348 0.346 0.346 0.348
Support 1 (S1) 0.332 0.339 0.328 0.328 0.313
Support 2 (S2) 0.323 0.333 0.321 0.311
Support 3 (S3) 0.307 0.323 0.309
Support 4 (S4) 0.303