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Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -0.46%
PRICE $94.89
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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PTC Inc. Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-08 Gain 9.08%

PTC Inc. fell by -0.46% in the last day from $95.33 to $94.89 The price has risen in 8 of the last 10 days and is up by 9.01% over the past 2 weeks. Volume has increased in the last day by 0.80 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.33 million shares bought and sold for approximately $0.00.

Shorts 3.61% ( 2018-05-31 )
Cash 890.2 mill
Loans 2 849.2 mill
Beta 1.33
ROA 1.52

Trend

PTC Inc. lies in the upper part of a strong rising 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 $95.54 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 16.44% during the next 3 months and, with 90% probability hold a price between $101.81 and $111.25 at the end of this period.

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Signals

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 $91.93 and $86.87. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday June 14, 2018, which indicates further falls 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.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

PTC Inc. finds support from accumulated volume at $91.85.

Support: $91.85 Price: $94.89 Resistance: $95.33

Risk

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 $2.18 between high and low, or 2.33%. For the last week, the stock has had a daily average volatility of 2.53%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $91.96 (-3.09%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

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Evaluation

Several short-term signals, along with a general good trend, are positive and 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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