Fri 19'th Oct 2018
PTC Inc. Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||8.02% ( 2018-09-28 )|
PTC Inc. fell by -2.34% in the last day from $94.53 to $92.32 and has now fallen 4 days in a row. The price has fallen in 7 of the last 10 days and is down by -8% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.33 million shares and in total 1.22 million shares bought and sold for approximately $112.53 million.
PTC Inc. lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $91.47 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.76% during the next 3 months and, with 90% probability hold a price between $97.66 and $115.91 at the end of this period.
There are few to none technical positive signals at the moment. PTC Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $94.80 and $100.60. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
PTC Inc. finds support from accumulated volume at $91.91.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.11 between high and low, or 4.47%. For the last week, the stock has had a daily average volatility of 4.04%.
PTC Inc. is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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The PTC Inc. stock holds several negative signals and despite the positive trend we believe PTC Inc. will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.Click for Top 5 Sell Candidates
|PTC $92.32 $-2.21(-2.34%)|
PTC is down $2.21 today, but where's it headed in November?
|Zacks Investment Research is releasing its prediction for PTC based on the 1-3 month system that more than doubles the S&P 500.
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