Time to examine the trend of Materialise NV, a leading 3D printing player. The stock is part of the 3DE-9 INDEX that tracks the stock performance of 9 leading 3D printing companies listed on exchanges in the United States.
If we examine the stock performance in the past 12 months, we can identify a clear negative trend since January 2024. In past few months, it has reached an interesting support level in the range of $4.70-$5 per share. And then, the past week came with a quick jump of 25%:
Image source: Yahoo finance
The stock surged and broke the negative trend at $5.2 a share. That was the first positive sign for investors that the trend is shifting from negative to positive. If we examine the following days using the moving average technical indicators of 50, 100, and 200 days, we can see that the breakout of the $5.52 level triggered a daily jump of almost 10%:
Image source: Yahoo finance
What's next? Currently, the stock is set to trade above the long term 200 days moving average, a very positive sign. If in the coming week it will hold above this level of $5.52 a share, we can expect the positive trend to continue. If this happens, we might see additional 3D printing stocks catching up soon as well..
> Any opinions, analyses, prices, or other information contained in this overview are provided as general market information for educational and entertainment purposes only, and do not constitute any investment advice <
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