Today I will be analyzing Match Group. For everyone who doesn’t know this company, they are creating and managing many dating platforms one of their well-known is Tinder. Cash flow comes from subscriptions (like Tinder Plus) and other services.
Buy Signal
-support at 129.46$ (3 times)
-daily RSI oversold area
-daily MACD indicates slowing selling pressure
-current price is below analyst estimates ->>> TipRanks: „The average price target is 175$ with a high estimate of 190$ and a low estimate of 148$.
-Bumble (same industry) reported a good quarter a few days ago-> positive momentum
Sell Signal
-under the SMAs
-RSI/MACD weekly+monthly indicate a downtrend!!
-misled earnings by -15%
-potentially Delta-Virus results in new lockdowns
Conclusion
I think this is a great company with a nice discount, in addition, the Wall Street/analysts like the stock too if we look at what %-rates the stock recovered from the March Lows that makes total sense.
So, I would be willing to buy at the support of 129.46$ (109,90€) with a tight stop loss of 122.18$ (108.82€) and a price target of 145$ (123.06€) which would be a +11.79% return. This number is approximately the mid of the parallel channel but at the same time I took it because of the past reaction contacted support line where it every time bounced 11.79% up in just 3-4 days which indicates the importance of this line.
Buy Signal
-support at 129.46$ (3 times)
-daily RSI oversold area
-daily MACD indicates slowing selling pressure
-current price is below analyst estimates ->>> TipRanks: „The average price target is 175$ with a high estimate of 190$ and a low estimate of 148$.
-Bumble (same industry) reported a good quarter a few days ago-> positive momentum
Sell Signal
-under the SMAs
-RSI/MACD weekly+monthly indicate a downtrend!!
-misled earnings by -15%
-potentially Delta-Virus results in new lockdowns
Conclusion
I think this is a great company with a nice discount, in addition, the Wall Street/analysts like the stock too if we look at what %-rates the stock recovered from the March Lows that makes total sense.
So, I would be willing to buy at the support of 129.46$ (109,90€) with a tight stop loss of 122.18$ (108.82€) and a price target of 145$ (123.06€) which would be a +11.79% return. This number is approximately the mid of the parallel channel but at the same time I took it because of the past reaction contacted support line where it every time bounced 11.79% up in just 3-4 days which indicates the importance of this line.