$MTCH surges 5.92% to $30.61, can bulls hold above $29 support?
$Match(MTCH)$
Match Group, Inc. (MTCH) Surged +5.92%: Volatile Rebound Tests $33 Pivot After Sharp Decline
Latest Close Data
Closed at $30.61 on Feb 4, up +5.92% (+$1.71) from the previous close. This is 22% below its 52-week high of $39.20.
Core Market Drivers
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The stock experienced a significant intraday pullback, falling from a high of $33.40 to a low of $28.81 before recovering.
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Persistent negative capital flow over the past five sessions suggests selling pressure, but the strong intraday rebound indicates potential bottom-fishing activity.
Technical Analysis
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Volume surged to 13.89M shares (2.33x ratio), confirming the high-volatility session.
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The RSI (6) rebounded sharply from a deeply oversold level of 21.5 to 46.1, signaling a strong bullish momentum reversal. H
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The MACD remains negative (-0.212), indicating the longer-term downtrend is still intact.
Key Price Levels
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Primary Support: $28.81 (Today's low & recent swing low).
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Strong Resistance: $33.40 (Today's high & near-term pivot).
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Immediate Pivot: $32.66 (Previous resistance from Feb 3).
Valuation Perspective
Forward P/E of 10.5 is significantly below its historical average of 16.6 and -1 Std. Dev of 14.0, suggesting the stock is deeply undervalued on an earnings basis. P/S of 2.08 is also moderate.
Analyst Targets
17 analysts have an average price target of $37.73 (+23% upside), with a consensus leaning towards "Hold" (14 Hold, 6 Buy, 1 Strong Buy).
Weekly Outlook
Expect consolidation between $29 and $33. A sustained break above $33.40 could target the $35-$36 zone. Failure to hold $29 support may lead to a retest of the 52-week low near $26.39.
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