PTC Inc. Stock Forecast
PTC Inc. stock price ended at $170.60 on Thursday, after losing 2.49%.
(Updated on May 02, 2024)
The PTC Inc. stock price fell by -2.49% on the last day (Thursday, 2nd May 2024) from $174.96 to $170.60. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.35% from a day low at $163.30 to a day high of $176.93. The price has been going up and down for this period, and there has been a -2.9% loss for the last 2 weeks. Volume has increased on the last day by 92 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $353.47 million.
Given the current horizontal trend, you can expect PTC Inc. stock with a 90% probability to be traded between $169.53 and $188.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PTC Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PTC Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $177.86 and $182.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -10.34%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PTC Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $13.63 between high and low, or 8.35%. For the last week the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PTC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect PTC Inc. to open at $170.28, and during the day (based on 14 day Average True Range), to move between $166.46 and $174.74, which gives a possible trading interval of +/-$4.14 (+/-2.43%) up or down from last closing price. If PTC Inc. takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $174.96, some $4.36 (2.56%) from the current price of $170.60, our system finds the risk reward not very attractive.
Is PTC Inc. stock A Buy?
PTC Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.008 Sell Candidate Unchanged
Predicted Opening Price for PTC Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $170.28 ( 0.190%) | $170.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 183.91 | 7.80 % | |
| R2 | 178.70 | 4.75 % | ||
| R1 | 175.48 | 2.86 % | ||
| Current price: | 170.60 | |||
| Support | S1 | 165.07 | -3.24 % | |
| S2 | 161.85 | -5.13 % | ||
| S3 | 156.64 | -8.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 183.01 | 7.27 % | |
| R2 | 178.19 | 4.45 % | ||
| R1 | 174.96 | 2.56 % | ||
| Current price | 170.60 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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