SSYS Stratasys Daily Chart; Oversold; Positive Divergence; Lower Band Violation

3-D printing stocks have been ridden hard and put away wet. Keystone previously posted charts explaining the 3-D printing carnage. It was all the rage and the Second Coming, until it wasn't. As a guess, it is likely not cost effective. The machines cost money, then the resins and other products needed, and the labor cost for someone to produce the part or item, etc.. Do you want to bake and slice the bread yourself or do you just want to buy a loaf of bread from the grocery store?

At any rate, the 3-D printing stocks have been taken to the shed out behind the garage and beaten with a baseball bat. They now lay bloody and bare and no one will touch them with a 10-foot pole. Of course you know that the crowd is always wrong.

SSYS has always been the darling of the 3-D arena. Thus, if things recover, SSYS will feel the love. More importantly, price prints another matching low and all the indicators are positively diverged. SSYS is loaded-up with fuel and ready to launch higher. The falling green wedge pattern is bullish. The oversold RSI and MACD are agreeable to a rally ahead.

Price has violated the lower band so the middle band at 13.75 is on the table. The Aroon red line shows that almost all the bears still believe that the stock will fall further while also the green line shows that all the bulls also expect price to drop. This is a contrarian indicator. The boat is fully loaded with everyone saying that down is the only direction ahead. These jackasses are always wrong at the turns.

Keystone bot SSYS yesterday on the long side. However, you must be Jack Be Nimble because the weekly chart still has a slightly soggy look to it and there is a gap at 11.9 that may want filled. Thus, the long trade is a quickie trade. A pop to 13 would be nice to see and the charts will dictate if its time to jump. The 3-D stocks are setting up for a recovery going forward on a long-term basis so if you are looking for a stock to hold for a while and not pay attention to it, SSYS would be worth a look.

Other tickers in the space are DDD, VJET, BOXL, PRNT, a few others, but they are thinly traded. SSYS is the most liquid and that is why it is preferred by traders. If the trade goes south you can get out without too much trouble. The 2-hour chart is set up with possie d. This is why Keystone entered long. It should have some upside juice kick in right now. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 9/21/23, Thursday Morning, at 9:51 AM EST: Bot some DDD to go with the SSYS.

Note Added 9/23/23, Saturday: SSYS 12.41. DDD 4.51.