MAT - Short/Long Term trade opportunityI like this chart and this company - I don't believe toys are going anywhere and they've proven that with consistently strong sales.
Looking to continue adding to my position here at known demand levels like we hit today and to take some profits in the $21-$24 range in the near future
Happy Trading :)
4MAT trade ideas
Potential Value Trap - Mattel ShortMattel’s management has exerted great efforts over the past year to pull off a turnaround story in the company’s performance. The company released its box office hit movie, Barbie, in 2023 and expects the hit to be the catalyst for the turnaround. Despite the impressive effort and resulting success of the Barbie movie, I retain a bearish view on the stock and see the potential for a Value-Trap trade.
The above-mentioned media effects combined with the presence of a large distribution schematic on the stock’s Weekly chart suggest large scale operates are poised, inducing public interest in the stock, thereby engineering liquidity for a big move. Our bearish stance expects a significant markdown of the stock’s price in light of decreasing sales and earnings expectation.
In the second quarter of 2023, sales fell 12% from last year. So far, Mattel has hung on to gains from the Barbie movie and is up 22% this year.
Hype Play: Mattell (Barbie)Might be a fun one to watch. Mattell is coming up to earnings and with so much hype around the Barbie movie they are anticipating it will flow onto sales results. Whether it is too soon for this earnings round or more likely to have a bigger impact on the next one with the movie not yet released it will be interesting to see how the movie hype does indeed translate to sales.
Might be worth keeping en eye on.
BARBIE Movie and hot wheels about to RIPWhat interested me in this is this company has mutliple brands under them ( UNO brand, Barbie & Hot Wheels ) .
Yellow box is previous resistance and support zones)
Looking for it to consolidate around these levels tomorrow and continue to push higher. Also this company rarely misses earnings coming up July 26th. 👀
MAT - Relative strengthMAT is another I've been in for some time and I love the action here but it is now running into resistance in the $22 area. I expect some hesitation or pullback here soon but this thing has been running well and with above average volume.
The gains come in the early AM and shortly after there's almost always a pullback so no need to chase this one on any open.
MATTEL Stock Chart Fibonacci Analysis 060623 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 18/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
MAT , LONG TF H1. TP= 19.76On the hourly chart the trend began on March 15 (Linear Regression Channel).
March 21 was the level of 16.83 (the upper point of the TMA channel). Then on March 24, the lower point of 15.99 was formed (the lower point of the TMA channel).
Today, the upper level was tested and fixed higher.
Therefore, the target on the channel (Linear Regression Channel) : Possible take profit level of 19.76 . But do not forget about SL = 15.66 .
Good luck!
Regards, WeBelieveInTrading
Mattel (NASDAQ: $MAT) To Continue It's Bullish Move! 🧸Mattel, Inc., a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, and Fireman Sam brands. The company also provides action figures, building sets, and games under the Masters of the Universe, MEGA, UNO, Lightyear, Jurassic World, WWE, and Star Wars brands; and licensor partner brands, including Disney, NBCUniversal, WWE, Microsoft, Nickelodeon, Warner Bros, and Sanrio. It sells its products directly to consumers through its catalog, website, and proprietary retail stores; retailers, including discount and free-standing toy stores, chain stores, department stores, and other retail outlets; and wholesalers, as well as through agents and distributors. Mattel, Inc. was founded in 1945 and is headquartered in El Segundo, California.
MAT strong buyHey folks, I hope you are all doing well!
MAT seems to be a really good buy both technically and fundamentally. The stock has been beating earnings and technical wise, it meets all of Mark Minervini's criteria for a bullish stock trade (on the weekly timeframe). We also see that the stock price has bounced from a long term resistance that's now support, so it seems like a really strong buy right now.
Is Mattel in Play for the Bulls?Mattel jumped to multiyear highs last month. Now, after a pullback, some traders may look for the move to continue.
The first pattern on today’s chart is the area around $23 where the toymaker peaked several times last year. Notice how strong quarterly results propelled MAT above that zone on February 10. Prices pulled back this month and briefly dipped below $23 last week before bouncing. Has old resistance become new support?
Next, the level closely matches the 50-day simple moving average (SMA).
Third, MAT has closed back above its 21-day exponential moving average (EMA) the last three sessions. That may suggest the shorter-term trend is turning favorable again.
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$MAT Breakout SetupMattel is looking strong holding its line the last 2 days in the midst of a weak general market. It had its breakout day yesterday and held up well in today's session. Watch how the stock acts as it goes through $20. That level was the breakdown level from 2017 and might derail the setup.
Mattel Inc (MAT)- MANUFACTURES TOY PRODUCTS SOLD WORLDWIDE UNDER THE MATTEL, FISHER-PRICE AND AMERICAN GIRL BRANDS.