MFLMFL is testing its support zone that lies in a range of 25.50-26.50, possible pull back is expected towards 31.69 and after break and sustain condition it can test 34 level. Use stop below 25.
−2.05 PKR
−284.61 M PKR
27.71 B PKR
30.60 M
About MATCO FOODS LTD
Sector
Industry
CEO
Khalid Sarfaraz Ghori
Website
Headquarters
Karachi
Founded
1964
ISIN
PK0103601016
FIGI
BBG00JWN5186
Matco Foods Ltd. processes and exports rice products. It distributes Basmati rice and IRRI rice through the Falak brand. Its products also include broken rice, while long grain rice, steam basmati, parboiled, and other by products. The company was founded by Syed Sarfaraz Ali Ghori in 1964 and is headquartered in Karachi, Pakistan.
MFL (MONTHLY) - MORNING DOJI STAR (BULLISH)🔰 TICKER : MFL | TRADING CALL
❗ LOW LIQUIDITY / SLOW MOVER STOCK
🔰 STANCE : BUY (BULLISH)
(25-JUNE-2024)
⚡ NEW BUYING RANGE : 27.60 - 28.20
🔺 INITIAL STOPLOSS : SELL IF CLOSES BELOW 26.80
⭕ ID SL : SELL IF CLOSES BELOW 27.00
📶 STOP BUY : BUY ABOVE 29.40
⚡ TG - 1 : 29.40 - 30.60
⚡ TG - 2 : 31
MFL is BullishA matured bullish divergence seems to be playing out for MFL price, as it has printed a higher high, it is now on course for a bullish move. It could dip a bit to print higher low, but would move up to new highs soon. Targets are mentioned on the chart.
Sideways in Weekly as well as Monthly TFBuy1 around 29.30 - 29.50
Buy2 around 27.30 - 27.50
Sell around 31 - 31.50
Stoploss 25.50 (Closing Basis)
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of MFL is 29.32 PKR — it has decreased by −8.86% in the past 24 hours. Watch MATCO FOODS LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange MATCO FOODS LTD stocks are traded under the ticker MFL.
MFL stock has fallen by −5.75% compared to the previous week, the month change is a 23.19% rise, over the last year MATCO FOODS LTD has showed a −13.82% decrease.
MFL stock is 12.07% volatile and has beta coefficient of 0.91. Track MATCO FOODS LTD stock price on the chart and check out the list of the most volatile stocks — is MATCO FOODS LTD there?
Today MATCO FOODS LTD has the market capitalization of 3.94 B, it has decreased by −3.45% over the last week.
Yes, you can track MATCO FOODS LTD financials in yearly and quarterly reports right on TradingView.
MFL net income for the last quarter is 109.31 M PKR, while the quarter before that showed −213.49 M PKR of net income which accounts for 151.20% change. Track more MATCO FOODS LTD financial stats to get the full picture.
As of Nov 22, 2024, the company has 1.01 K employees. See our rating of the largest employees — is MATCO FOODS LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MATCO FOODS LTD EBITDA is 2.15 B PKR, and current EBITDA margin is 7.79%. See more stats in MATCO FOODS LTD financial statements.
Like other stocks, MFL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MATCO FOODS LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MATCO FOODS LTD technincal analysis shows the neutral today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MATCO FOODS LTD stock shows the buy signal. See more of MATCO FOODS LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.