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3D Systems
Ticker: NYSE:DDD
Price: $22.96
3D Systems News
Shares of 3D Systems Corporation (DDD) are rising nearly 30% Thursday morning after the company reported preliminary fourth quarter revenue, better than analysts’ view.
The company expects revenue for the fourth quarter to be in the range of $170 million to $176 million. On average, 8 analysts polled by Thomson Reuters expect revenue of $139.91 million for the quarter.
Additionally, 3D Systems said it has completed the sale of its Cimatron and GibbsCAM software businesses to a subsidiary of ST Acquisition Co., an affiliate of Battery Ventures, on January 1, 2021, for about $64.2 million.
The company also paid off about $21 million of outstanding balances under its senior secured term loan facility by using a portion of the proceeds from the sale.
Business Summary
3D Systems Corporation is a holding company.
The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
Its solutions support applications in a range of industries, including healthcare, aerospace, automotive and durable goods.
The Company offers a range of 3D printers, print materials, software, haptic devices, scanners and virtual surgical simulators.
The Company offers a range of 3D printing technologies, including Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Printing (DMP), MultiJet Printing (MJP) and ColorJet Printing (CJP).
The Company also offers 3D virtual reality simulators and simulator modules for medical applications.
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 28.32.
The projected lower bound is: 18.26.
The projected closing price is: 23.29.
Candlesticks
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 26 white candles and 23 black candles for a net of 3 white candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 3 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 82.6162. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 87.75. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.
Rex Takasugi – TD Profile
3D SYSTEMS CORP closed up 11.720 at 22.960. Volume was 1,628% above average (trending) and Bollinger Bands were 294% wider than normal.
Open High Low Close Volume
12.360 25.330 12.360 22.960 14,267,459
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 12.19 9.18 7.32
Volatility: 422 207 130
Volume: 1,997,338 957,808 629,432
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
3D SYSTEMS CORP gapped up today (bullish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
3D SYSTEMS CORP is currently 213.8% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into DDD.N (mildly bullish). Our trend forecasting oscillators are currently bullish on DDD.N and have had this outlook for the last 40 periods. Our momentum oscillator is currently indicating that DDD.N is currently in an overbought condition.
