If you like the idea of investing in 3D printing stocks it is a good idea to do some technical analysis to see if any of these stocks are right for you. I often tell people to start your research process with skepticism. Never attempt to chase down a stock just because you want to buy something. In fact, it is best to imagine that you are not looking for best 3d printing stocks to buy!
I know it may sound counterintuitive, but if you want to learn how to invest in 3D printing stocks, or any company/industry for that matter, always start your search as if you could care less about the stock or the industry. This way, you do not become emotionally involved or attached to a particular company. With that being said, the 3D printing industry is one that intrigued me, so I decided to look at a handful of the different 3D printing companies’ stock prices to see how they have performed in the past 5 years.
3D Systems – (Ticker-Symbol DDD)
As you can see from the chart there was a giant peak in 2014. However, it seems to have returned to the 2011, 2012 levels. Let’s see how the next one compares.
2. Ansys Inc. – (Ticker-Symbol ANSS)
As you can see it has been steadily climbing with a nice upward trend. I’ll let you be the judge on this one. Just remember that trends can always reverse so do your own due diligence on any stock and if you are new to investing check out our tips.
3. Arcam – (Ticker-Symbol ARCM)
This chart looks alot like the first one. If we see more patterns like this one there may be an industry trend to pay attention to. Let’s wait and see what happens.
4. Arc Group Worldwide – (Ticker-Symbol ARCW)
Once again a similar pattern. It seems that a trend is in the making. I find it interesting to note that the price on this one has fallen to penny stock levels. If you are looking for 3d printing penny stocks then this may be one you will want to add to your watchlist. Given the pattern though watch carefully and research carefully because this looks extremely risky given its steady downtrend! Of course as I said before, patterns can always reverse so you may consider keeping an eye on it and watch for reversal signals.
5. Autodesk, Inc. (3D Software) – (Ticker-Symbol ADSK)
This stock is really interesting because it has a lot of ups and downs. There was some steady growth from 2013 to the beginning of 2015. However, notice the volatility. It is rather choppy. This could be one to add to your watch list if you are a swing trader.
6. Camtek LTD – (Ticker-Symbol CAMT)
I decided to switch to a line chart on this one just to change things up a bit. Notice the volume spike in 2014! The trend continues with this spike in 2014. Strangely, there was also one in 2011 but no volume spike. This too is one you may want to add to your watch list if you are looking for 3d printing penny stocks. Again, watch only and wait for a serious reversal because it like the others in the industry is trending down as of October of 2015.
7. Dassault Systemes S.A. – (3D Software) – (Ticker-Symbol DASTY)
I decided to switch to a candlestick chart pattern on this one. I had to zoom in to a 2 year analysis simply so you could see it better. If you have not read our article on the top trading strategies using candlestick chart patterns you can do so here. The longest green bar on the chart above is interesting. This occurred on 4/20/1015. Apparently, it had a strong earnings report. It would have been difficult to time because if you did not already own the stock prior to the report it would have been too late. Notice the double top resistance at $80. In fact, one could argue a triple top exists. The question is, what happens next? We should add this to a watch list and see. Now, let’s look at the 5 year chart.
I see another trend. Notice the stocks that I labeled as software 3d printing stocks appear to be growing slow and steady over the 5 year time span. Let’s look at another 3d software printing stock.
8. Exa Corporation – (3D Software) – (Ticker-Symbol EXA)
For some reason this one follows the 3d printer trend. This could be related to the low share price. Notice a spike in 2014 with a down trend thereafter. Let’s see how a few 3d scanner companies performed.
9. Faro Technologies Inc. – (3D Scanner) – (Ticker-Symbol FARO)
It peaked in 2014 and peaked again in 2015 with a large downtrend thereafter. Notice the extreme volatility. This might be another one for the swing traders out there but it appears risky for the long term investor.Let’s look at one last 3d scanner printing company.
10. Perceptron Inc. – (3D Scanner) – (Ticker-Symbol PRCP)
Once again there is a peak in 2014 with a downtrend thereafter.
So what is the conclusion?
Have we missed out on the 3d printing boom? There was an obvious peak in 2014 with a steep downtrend thereafter for most of the 3d printing companies. However, the prices of these printers are still out of reach for the average American. What will happen when your neighbor brings home their first 3d printer? Will it catch on and if it does how long will it be until this happens? The best thing we can do for now is put these 3d printing companies on our watchlists, keep them on our radar in case there is any breaking news and wait for prices of 3d printers to slowly come down.
In the meantime, the large cap 3d software printing companies appear to be growing slow and steady. Will they reverse? Nobody really knows.
Meanwhile, there are a few companies in the mix with extreme volatility. They are unpredictable and choppy. Are they a swing traders dream? Once again, nobody really knows.
I for one find 3d printing to be intriguing. I’m just not ready to buy … yet. I would not want any of these 3D printing stocks to own at this point – but that doesn’t mean in the future I won’t decide to look into this in more detail.
The most important thing to remember is this: in the end, it is up to you to do your own technical analysis. As always, keep in mind you can lose every penny in any given stock at any time but the hope is with enough research, patience, and education you might come out on top!
What are your thoughts on 3d printing stocks to invest in? Please share below.