Match Group, Inc. (MTCH) has a number of online dating brands (Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, Hakuna, and others) designed for users to find a connection, but so far the stock price has not connected with strong buyers.
Let's check out the charts and indicators.
In the daily bar chart of MTCH, below, I can see a persistent downtrend in the past 12 months. The shares trade below the declining 50-day moving average line and below the declining 200-day line.
The On-Balance-Volume (OBV) line has been weak and tells me that sellers of MTCH have been more aggressive than buyers the past year. The Moving Average Convergence Divergence (MACD) oscillator is bearish.
In the weekly Japanese candlestick chart of MTCH, below, I see that the shares have made a very dramatic decline from early 2022. The stock trades below the declining 40-week moving average line. I do not see a bottom reversal pattern and I do not see any lower shadows.
The 12-week price momentum study shows that the pace of the decline has slowed but that does not seem to be enough of a reason to warrant purchase by investors.
In this daily Point and Figure chart of MTCH, below, I can see a downside price target of $17.
In this weekly Point and Figure chart of MTCH, below, a price target of $16 is shown.
Bottom-line strategy: MTCH shares are weak and probably headed lower. Avoid the long side of MTCH.
