Today we are going to examine the trend of Markforged stock which is part of the 3DE-10 INDEX, a 3D printing stock index tracking the stock performance of 10 leading 3D printing companies listed on exchanges in the United States.
If we examine the long-term trend, we can get a clear picture - since early 2022, every few months the stock is reaching a peak point, and then goes down to a lower level than before. Meaning, a clear negative trend with no positive news for investors:
Image source: Yahoo finance
If we examine the short-term trend, we can see that since the stock has set a new low at $0.78 during December 2022, it made an amazing move up of 100% to a narrow peak range of $1.5-$1.6 a share. At this point, we saw sellers unloading shares in high volumes, when at the end the stock made it all the way back it's current level - $0.93.
Image source: Yahoo finance
What's next? The fight between buyers and sellers should return soon close to the all time low at $0.78 level. If it will break it down, we could see even lower levels in the range of $0.50-$0.60. However, if strong buyers will appear at this level, we could get a double bottom and then a nice surge up again.
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