Match Group Inc.

MTCH Details - ‘Hold’ Recommendation at the current market price of USD 75.86 per share as of June 24, 2022, at 07:05 am PDT.

Company Overview

Match Group Inc. (NASDAQ: MTCH) provider of dating products through its portfolio companies which are available globally. Tinder, Match, Hinge, Meetic, OkCupid, Pairs, PlentyOfFish, OurTime, Azar, and Hakuna Live are just a few of the brands in the Company's portfolio that are intended to help consumers interact with others.

Source: Company reports

Stock Recommendation

MTCH Daily Technical Chart, as of June 24, 2022. Data Source: REFINITIV 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Technical Indicators Defined: -

Support: A level where-in the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: It is a level to protect further losses in case of unfavorable movement in the stock prices.

Note 1: The reference data in this report has been partly sourced from REFINITIV.  

Note 2: Investment decisions should be made depending on the investors' appetite for upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above. 

Note 3: The report publishing date is as per the Pacific Time Zone.