Match Group looks like a juicy setup right now on the chart as it consolidates sideways. This is one of the most beautiful setups I’ve seen this week.
Institutional traders have increased their long positions in Match Group by 1.27% over the last three months.
The company’s Return On Assets of 8.93% is among the best in the industry. MTCH does better than the industry average Return On Assets of 2.47%.
MTCH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.43%. The EPS growth is accelerating too. EPS is expected to grow by 23.94% on average over the next 2 years. That is very strong growth.
MTCH does present a great setup opportunity. Notice that a study of Effective Volume shows large player volume is rising while the stock has been consolidating. The positive divergence between large player volume and stock price is very bullish.
Match Group has a rising Twiggs Money Flow which suggests good levels of accumulation on pullbacks is taking place. Keep in mind that the Twiggs Money Flow has not yet gone positive so more conservative traders may want to wait for such a break before taking a long entry.
We see reduced volatility while prices have been consolidating in the most recent period.
There is a resistance zone just above the current price starting at 17.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.36, a stop order could be placed below this zone.