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(MTDR) Matador Resources complete technical analysis [charts+indicators] | Buy/Sell Matador Resources | (MTDR) share price targets

Complete technical analysis of Matador Resources (MTDR) by charts plus indicators, forecast predictions and share price targets for Matador Resources (MTDR)

Matador Resources trades in USA in Energy sector.

10 day averaged volume of Matador Resources is 1162220

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	47.33	46.54	47.73	46.13	1.085 times
01 Thu Jun 2023	45.02	44.19	45.90	43.96	0.755 times
31 Wed May 2023	43.97	44.03	44.56	43.21	1.375 times
30 Tue May 2023	44.99	45.32	45.58	44.22	0.771 times
26 Fri May 2023	46.27	46.45	46.57	45.42	0.623 times
26 Fri May 2023	46.27	46.45	46.57	45.42	0.623 times
25 Thu May 2023	45.89	47.40	47.40	45.77	0.982 times
24 Wed May 2023	48.69	48.00	49.53	47.65	1.486 times
23 Tue May 2023	47.28	47.35	48.56	46.98	0.916 times
22 Mon May 2023	46.96	45.40	47.45	45.35	1.576 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 46.7, but if it comes below 46.7, then a intra day sell could be more profitable.
If you take a sell trade below 46.7, then use 46.7 as stoploss and 45.2 as target. However if you take a buy trade in stock , then use 46.7 as stoploss and 48.5 as target.

Share price targets for Matador Resources (MTDR)

Target Type	Value
Downside Target	42.04
Downside Target	45.35
Downside Target	46.95
Upside Target	47.73
Upside Target	49.53
Upside Target	50.85
Upside Target	53.46
Upside Target	58.92
Upside Target	66.30

Intraday share price targets for Matador Resources (MTDR)

Target Type	Value
Downside Intraday Target	44.45
Downside Intraday Target	41.57
Upside Intraday Target	48.97
Upside Intraday Target	50.61
Downside Intraday Target	46.09

Weekly technical analysis of Matador Resources (MTDR)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	47.33	45.32	47.73	43.21	6.403 times
26 Fri May 2023	46.27	46.45	46.57	45.42	0.112 times
26 Fri May 2023	46.27	45.40	49.53	45.35	1.399 times
19 Fri May 2023	45.34	44.11	45.70	42.52	0.962 times
12 Fri May 2023	43.64	46.84	46.95	42.15	0.692 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Matador Resources (MTDR)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	47.33	44.19	47.73	43.96	0.082 times
31 Wed May 2023	43.97	48.04	49.53	42.04	1.05 times
28 Fri Apr 2023	49.03	50.64	53.46	46.40	0.652 times
31 Fri Mar 2023	47.65	53.52	58.92	42.94	1.367 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Matador Resources (MTDR)

Price action analysis of Matador Resources ( (MTDR) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Matador Resources ( (MTDR) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Matador Resources ( (MTDR) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Matador Resources stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Matador Resources in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Matador Resources Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Matador Resources in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Matador Resources is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 46.4 and Matador Resources (MTDR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Matador Resources (MTDR) stock. Volume based technical analysis of Matador Resources (MTDR) stock is negative.

Matador Resources Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.