PTC INC. - Daily - Technical analysis published on 07/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 76.71 USD
My targets
88.62 USD (+6.91%)
96.31 USD (+16.19%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PTC INC. as long as the price remains well above 76.71 USD. The buyers” bullish objective is set at 88.62 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 96.31 USD. If there is any crossing, the next objective would be the resistance located at 106.19 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PTC INC. rating 82.89 USD. On the day, this instrument lost -2.48% and was traded between 82.59 USD and 85.24 USD over the period. The price is currently at +0.36% from its lowest and -2.76% from its highest.82.59
85.24
82.89
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PTC INC. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 62.71 | 72.50 | 76.71 | 82.89 | 83.80 | 88.62 | 106.19 |
| Change (%) | -24.35% | -12.53% | -7.46% | - | +1.10% | +6.91% | +28.11% |
| Change | -20.18 | -10.39 | -6.18 | - | +0.91 | +5.73 | +23.30 |
| Level | Major | Major | Major | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.46 | 79.38 | 82.19 | 84.11 | 86.92 | 88.84 | 91.65 |
| Camarilla | 83.70 | 84.13 | 84.57 | 85.00 | 85.43 | 85.87 | 86.30 |
| Woodie | 77.91 | 79.60 | 82.64 | 84.33 | 87.37 | 89.06 | 92.10 |
| Fibonacci | 79.38 | 81.19 | 82.30 | 84.11 | 85.92 | 87.03 | 88.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.84 | 71.51 | 74.89 | 77.56 | 80.94 | 83.61 | 86.99 |
| Camarilla | 76.61 | 77.16 | 77.72 | 78.27 | 78.83 | 79.38 | 79.93 |
| Woodie | 69.20 | 71.69 | 75.25 | 77.74 | 81.30 | 83.79 | 87.35 |
| Fibonacci | 71.51 | 73.82 | 75.25 | 77.56 | 79.87 | 81.30 | 83.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.66 | 65.97 | 71.88 | 78.18 | 84.09 | 90.40 | 96.31 |
| Camarilla | 74.43 | 75.55 | 76.67 | 77.79 | 78.91 | 80.03 | 81.15 |
| Woodie | 59.47 | 65.87 | 71.68 | 78.08 | 83.90 | 90.30 | 96.11 |
| Fibonacci | 65.97 | 70.63 | 73.52 | 78.18 | 82.85 | 85.73 | 90.40 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.49 | |
| MACD (12,26,9): | 1.5100 | |
| Directional Movement: | 15.89 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 80.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.55 | |
| Elder Ray (13): | 4.45 | |
| Super Trend (3,10): | 75.08 | |
| Zig ZAG (10): | 82.89 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 74.06 | |
| TEMA (21): | 80.48 | |
| Williams %R (14): | -26.50 | |
| Chande Momentum Oscillator (20): | 3.32 | |
| Repulse (5,40,3): | -0.6700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 4.25 |
| MA7: | 79.82 | |
| MA20: | 78.51 | |
| MA50: | 75.21 | |
| MA100: | 69.84 | |
| MAexp7: | 80.49 | |
| MAexp20: | 78.73 | |
| MAexp50: | 75.66 | |
| MAexp100: | 73.55 | |
| Price / MA7: | +3.85% | |
| Price / MA20: | +5.58% | |
| Price / MA50: | +10.21% | |
| Price / MA100: | +18.69% | |
| Price / MAexp7: | +2.98% | |
| Price / MAexp20: | +5.28% | |
| Price / MAexp50: | +9.56% | |
| Price / MAexp100: | +12.70% |
Quotes :
2020-07-10 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on PTC INC.. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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