3D Systems ( DDD) is scheduled to report quarterly earnings after the close of trading Monday. The company engineers, manufactures, and sells 3D printers, 3D printing materials, 3D scanners, and offers a 3D printing service.
Let's check out the charts and indicators.
In this daily bar chart of DDD, below, I see a potential base pattern. Prices have traded sideways the past 12 months. It looks like traders have been buying dips to the $9 area and the $8 area the past year. Prices are below the 50-day and 200-day moving average lines but it will only take a minor rally to get prices back above those averages.
The On-Balance-Volume (OBV) line has also moved sideways the past year, but it is holding above its late December low. The Moving Average Convergence Divergence (MACD) oscillator is below the zero line but poised for a potential cover shorts buy signal.
In this weekly Japanese candlestick chart of DDD, below, I see a stable chart picture. Prices have been trading around the 40-week moving average line. The weekly OBV line has been steady this year. The Moving Average Convergence Divergence (MACD) oscillator is hugging the zero line.
In this daily Point and Figure chart of DDD, below, I can see a potential downside price target in the $8.43 area. A trade at $9.31 should refresh the uptrend.
In this weekly Point and Figure chart of DDD, below, I can see that prices reached a downside price target in the $8.75 area.
Bottom line strategy: Aggressive traders who can afford to risk to $8 could probe the long side today, according to the charts. Others should wait for strength above $9.31 to go long.
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