Bearish Chart Formation for Materialise NV (MTLS) After Forming Wedge Down

June 15, 2018 - By Adrian Mccoy

Materialise NV (NASDAQ:MTLS) Logo

The stock of Materialise NV (MTLS) formed a down wedge with $12.09 target or 7.00 % below today’s $13.00 share price. The 8 months wedge indicates high risk for the $615.23 million company. If the $12.09 price target is reached, the company will be worth $43.07M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 2.40% or $0.32 during the last trading session, reaching $13. About 69,067 shares traded or 11.15% up from the average. Materialise NV (NASDAQ:MTLS) has declined 5.77% since June 15, 2017 and is downtrending. It has underperformed by 18.34% the S&P500.

Analysts await Materialise NV (NASDAQ:MTLS) to report earnings on August, 14. They expect $0.02 EPS, up 200.00 % or $0.04 from last year’s $-0.02 per share. MTLS’s profit will be $946,508 for 162.50 P/E if the $0.02 EPS becomes a reality.

More important recent Materialise NV (NASDAQ:MTLS) news were published by: Nasdaq.com which released: “HP Showcases Growth in High-Volume 3D Printing Deployments and Breakthrough Applications for Manufacturing” on May 22, 2018, also Businesswire.com published article titled: “Materialise Announces Partnership with HCL Technologies on Platform for Hybrid Manufacturing”, Nasdaq.com published: “New Research Coverage Highlights Materialise NV, MacroGenics, GasLog Partners LP, TCP Capital, NantHealth, and …” on June 06, 2018. More interesting news about Materialise NV (NASDAQ:MTLS) was released by: Businesswire.com and their article: “Materialise to Hold Annual Shareholders’ Meeting on June 5, 2018” with publication date: May 17, 2018.

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, and Asia. The company has market cap of $615.23 million. The companyÂ’s Materialise Software segment offers proprietary software worldwide through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations. It currently has negative earnings. The Company’s software interfaces between various types of 3D printers, and various software applications and capturing technologies, including computer-aided design packages and 3D scanners.

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