Mattel, Inc. ($MAT) Takes On Edison Nation, Inc. ($EDNT)

2019-08-20 | Welcome! Today we compared how two different stocks in the Recreational Products/Toys industry are trading: Mattel, Inc. and Edison Nation, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Mattel, Inc. opened at 10.9, got to a maximum price of 10.92 and dropped to as low as 10.6 before finishing the session at 10.61. In total there were 2775000 shares traded, which is enough to conduct our analysis. Compare that now to Edison Nation, Inc., which opened at 2.15, had a high of 2.32, a low of 2.107, closed at 2.21 and had a total volume of 54300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Mattel, Inc. Edison Nation, Inc.
Accumulation-distribution index 351.19538 7.06868
on-balance volume 10.73 -2.08
chaikin money flow

31.0 1.50588
force index

0.0039 0.01498
ease of movement rating

0.00055 0.00433
volume-price trend

-0.97821 -0.64882
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Mattel, Inc. Edison Nation, Inc.
Average true range 0.32423 0.22769
Bolinger bands 10.84885 2.19568
Upper bollinger band 10.48115 1.92132
Lower bollinger band

10.6 2.107
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 nan
Central keltner channel

10.80667 2.19233
High band keltner channel

10.78667 2.02233
Low band keltner channel

10.82667 2.36233
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

10.6 2.107
Donchain channel low band

10.6 2.107
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 nan

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Mattel, Inc. Edison Nation, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00218
MACD signal 0.00162 -0.00121
MACD difference 0.0013 -0.00097
fast Exponential Moving Average (EMA) indicator

10.6 2.107
slow Exponential Moving Average (EMA) indicator

10.6 2.107
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.08874 0.05308

-6.85933 -16.30739
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

1.10411 0.94109
KST Oscillator (KST)

-94.33555 -308.74767
KST Oscillator (KST Signal)

-94.33555 -308.74767
KST difference

2.7768 -7.9558
Ichimoku rating

10.91 2.235
Ichimoku B rating

10.91 2.235
Ichimoku visual trend A

11.94766 3.05434
Ichimoku visual trend B

12.13845 2.75368
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Mattel, Inc. Edison Nation, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.31199 16.31319
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-40.81039 -29.25458
stochastic oscillator

1600.0 125.29412
stochastic oscillator signal

1600.0 125.29412
Williams %R rating

1500.0 25.29412
awesome oscillator

0.05742 -0.03541

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Mattel, Inc. and Edison Nation, Inc..

Daily return -9.43355 -30.87477
Daily log return 1.21896 -4.71304
Cumulative return 1.22642 -4.6037

So there you have it: our deep, grueling analysis comparing Mattel, Inc. and Edison Nation, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Mattel, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether MAT is strong or weak. Again – this is not a reliable indication of whether Mattel, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Edison Nation, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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