(MATX) Trading Signals

October 01, 2024, 13:20 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MATX

• Buy MATX near 136.6 target 145.92 stop loss @ 136.21 Details

The technical summary data tells us to buy MATX near 136.6 with an upside target of 145.92. This data also tells us to set a stop loss @ 136.21 to protect against excessive loss in case the stock begins to move against the trade. 136.6 is the first level of support below 140.3 , and by rule, any test of support is a buy signal. In this case, support 136.6 is being tested, a buy signal would exist.

• Short MATX slightly under 145.92, target 136.6, stop loss @ 146.34 Details

The technical summary data is suggesting a short of MATX as it gets near 145.92 with a downside target of 136.6. We should have a stop loss in place at 146.34though. 145.92 is the first level of resistance above 140.3, and by rule, any test of resistance is a short signal. In this case, if resistance 145.92 is being tested, a short signal would exist.

Swing Trading Plans for MATX

• Buy MATX slightly over 143.17, target 145.92, Stop Loss @ 142.76 Details

If 143.17 begins to break higher, the technical summary data tells us to buy MATX just slightly over 143.17, with an upside target of 145.92. The data also tells us to set a stop loss @ 142.76 in case the stock turns against the trade. 143.17 is the first level of resistance above 140.3, and by rule, any break above resistance is a buy signal. In this case, 143.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MATX slightly near 143.17, target 136.6, Stop Loss @ 143.58. Details

The technical summary data is suggesting a short of MATX if it tests 143.17 with a downside target of 136.6. We should have a stop loss in place at 143.58 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 143.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MATX

• Buy MATX slightly over 142.4, target 143.17, Stop Loss @ 142.07 Details

If 142.4 begins to break higher, the technical summary data tells us to buy MATX just slightly over 142.4, with an upside target of 143.17. The data also tells us to set a stop loss @ 142.07 in case the stock turns against the trade. 142.4 is the first level of resistance above 140.3, and by rule, any break above resistance is a buy signal. In this case, 142.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MATX slightly near 142.4, target 136.6, Stop Loss @ 142.73. Details

The technical summary data is suggesting a short of MATX if it tests 142.4 with a downside target of 136.6. We should have a stop loss in place at 142.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 142.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Matson Inc. (MATX) available here: MATX.

MATX Ratings for October 01:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	127.24
P2	142.4	143.17	136.6
P3	144.34	147.26	145.92

AI Generated Signals for MATX

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Trading Matson Inc. (NASDAQ: MATX) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MATX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MATX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MATX too.  All of these are offered below the Summary Table.