PTC INC. - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 68.06 USD
My targets
76.71 USD (+5.36%)
80.86 USD (+11.06%)
My analysis
PTC INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 68.06 USD. The next resistance located at 76.71 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 80.86 USD. After this resistance, buyers could then target 88.51 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PTC INC. rating is 72.81 USD. The price is lower by -1.73% since the last closing and was traded between 72.00 USD and 73.77 USD over the period. The price is currently at +1.13% from its lowest and -1.30% from its highest.72.00
73.77
72.81
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of PTC INC. in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 59.69 | 64.04 | 68.06 | 72.81 | 76.71 | 80.86 | 88.51 |
| Change (%) | -18.02% | -12.05% | -6.52% | - | +5.36% | +11.06% | +21.56% |
| Change | -13.12 | -8.77 | -4.75 | - | +3.90 | +8.05 | +15.70 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 72.39 | 72.81 | 73.45 | 73.88 | 74.52 | 74.94 | 75.58 |
| Camarilla | 73.80 | 73.90 | 73.99 | 74.09 | 74.19 | 74.29 | 74.38 |
| Woodie | 72.49 | 72.87 | 73.56 | 73.93 | 74.62 | 75.00 | 75.69 |
| Fibonacci | 72.81 | 73.22 | 73.47 | 73.88 | 74.29 | 74.54 | 74.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.98 | 71.81 | 72.95 | 73.78 | 74.92 | 75.75 | 76.89 |
| Camarilla | 73.55 | 73.73 | 73.91 | 74.09 | 74.27 | 74.45 | 74.63 |
| Woodie | 71.14 | 71.89 | 73.11 | 73.86 | 75.08 | 75.83 | 77.05 |
| Fibonacci | 71.81 | 72.56 | 73.03 | 73.78 | 74.53 | 75.00 | 75.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.59 | 53.39 | 60.15 | 68.95 | 75.71 | 84.51 | 91.27 |
| Camarilla | 62.63 | 64.06 | 65.48 | 66.91 | 68.34 | 69.76 | 71.19 |
| Woodie | 43.57 | 52.88 | 59.13 | 68.44 | 74.69 | 84.00 | 90.25 |
| Fibonacci | 53.39 | 59.33 | 63.01 | 68.95 | 74.89 | 78.57 | 84.51 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.93 | |
| MACD (12,26,9): | 1.9800 | |
| Directional Movement: | 13.93 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 73.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.61 | |
| Elder Ray (13): | 0.83 | |
| Super Trend (3,10): | 68.19 | |
| Zig ZAG (10): | 72.81 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 89.89 | |
| TEMA (21): | 74.80 | |
| Williams %R (14): | -16.98 | |
| Chande Momentum Oscillator (20): | 5.90 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 19.35 |
| MA7: | 73.49 | |
| MA20: | 70.42 | |
| MA50: | 67.71 | |
| MA100: | 71.44 | |
| MAexp7: | 73.11 | |
| MAexp20: | 70.95 | |
| MAexp50: | 69.52 | |
| MAexp100: | 72.01 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | +3.39% | |
| Price / MA50: | +7.53% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | +2.62% | |
| Price / MAexp50: | +4.73% | |
| Price / MAexp100: | +1.11% |
News
The last news published on PTC INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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