Match Group (MTCH) is the Barchart Chart of the Day but for all the wrong reasons. I have featured Match before when it was looking good but on Facebook's (FB) announcement that it was rolling out a dating app, the stock took a dive.
Match Group, Inc. offers subscription-based online dating websites and applications services. The company's dating products brands consists of Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24. Match Group, Inc. is headquartered in Dallas, Texas. Its majority owner is IAC.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 46% technical sell signals
- Trend Spotter sell signal
- Closed below its 20, 50 and 100 day moving averages
- 23% drop in one day
- Relative Strength Index 30.31%
- Blew through its technical support level at 46.43
- Closed at 36.71 with a 50 day moving average of 44.08
Fundamental factors: Forget the fundamentals because they all need to be recalculated.
Comments
Log in or sign up to join the conversation.