It looks like people continue to embrace online dating sites and Match Group Inc. (MTCH) is looking strong on the charts and corresponding indicators. Being married for the past 44 years I have not had a need to use or check out a dating site. My knowledge of these sites is second or third hand, but the charts of MTCH are something I can relate to. Let's check them out.
In this daily bar chart of MTCH, below, we can see an uptrend since late August. Prices have stayed nicely above the rising 50-day moving average line and any weakness toward the line has been a buying opportunity. Prices are also above the rising 200-day line. Prices look extended when compared to the 200-day line so a period of consolidation would be welcomed.
The daily On-Balance-Volume (OBV) line has been rising the past 12 months and signals that buyers of MTCH have been more aggressive with heavier trading volume on days when they stock closes higher. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since July and remains in a bullish configuration.
In this weekly bar chart of MTCH, below, we can see a bullish alignment of the indicators. Prices are above the rising 40-week moving average line. The weekly OBV line is pointed up as is the MACD oscillator.
In this Point and Figure chart of MTCH, below, we can see a relatively close by price target of $44.34. Above $44 the next price target is likely to be the $50 area.
Bottom line: MTCH is pointed up so the questions are where to buy it, what to risk and what price target? I would look to buy MTCH on a dip toward $40 if available. I would risk below $36 for now looking for gains to $44, $48 and then $50.