PTC Inc. Stock Analysis
Technical stock analysis for 18 January 2019
PTC Inc. gained 0.15% in the last trading day, rising from $87.55 to $87.68 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 7.46% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.68 million more shares were traded than the day before. In total, 1.58 million shares bought and sold for approximately $138.52 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the PTC stock was $87.68. This is 0.15% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 1.92% from a day low at $87.65 to a day high of $89.33.
30 day high of the PTC stock price was $89.33 and low was $76.67.
90 day high was $93.72 and low was $76.67.
52 week high for the PTC Inc. - $107.44 and low - $65.48.
PTC Inc. lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $89.39 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with 90% probability hold a price between $74.61 and $87.54 at the end of this period.
Only positive signals in the chart today. PTC Inc. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $86.72 and $84.54. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
PTC Inc. finds support from accumulated volume at $86.49.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.68 (1.92%) between high and low. For the last week, the stock has had a daily average volatility of 1.97%.
Our recommended stoploss: $83.20 (-5.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
|PTC $87.68 $0.13(0.15%)|
PTC is up $0.13 today, but where's it headed in 2019?
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