Stratasys Ltd (SSYS): Price Now Near $27.55; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for SSYS

At the time of this writing, SSYS (Get Ratings)’s price is up $0.35 (1.29%) from the hour prior. SSYS has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Computers stocks, SSYS ranks 32nd in regards to today’s price percentage change.

SSYS’s Technical Outlook on the Daily Chart

At the moment, SSYS’s price is down $-0.11 (-0.4%) from the day prior. SSYS has seen its price go down 10 out of the past 10 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows SSYS’s price action over the past 90 days.

SSYS

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SSYS: Daily RSI Analysis

  • For SSYS, its RSI is now at 0.
  • SSYS and RSI both have consistent trends, as they are both heading down.

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