Materialise NV Ready for a Breakdown?

NASDAQ: MTLS | Materialise NV News, Ratings, and Charts

MTLS – A key support level has formed in the chart of Materialise N.V. (MTLS). If the stock breaks through this level, a breakout could occur. Read more to learn how to profit from this trade.

A key support level has emerged in the chart of Materialise N.V. (MTLS).  If this level is broken, a breakout could occur.

MTLS is a provider of 3D printing services. It operates through three segments:  Medical, Software, and Manufacturing. The Medical segment develops and delivers medical software solutions and medical devices. The Software segment develops and delivers additive manufacturing software solutions, and the Manufacturing segment delivers 3D printed products.

The company’s earnings were impacted by the COVID-19 pandemic as its production and sales activities came to standstill in the second quarter of last year. But management forecasts a return to normal this year due to the increasing need for 3D printing solutions, especially in the Medical segment.

MTLS had $131 million in cash as of the end of the year, compared with only $20 million in short-term debt. While revenue growth is down over the past year, sales are expected to rise 9.5% year over year this quarter. Earnings are also forecasted to soar 60% year over year in the current quarter.

Even with a fall in sales last year, MTLS is still trading at a very high multiple, with a trailing P/E over 5,000. Plus, its stock has shown bearish momentum since early February.

Take a look at the 1-year chart of Materialise MTLS below with added notations:

  Chart of MTLS provided by TradingView

MTLS has formed a key level of support at the $30 (green) level over the past several months. The stock has made its way back down to that level again and if the support level were to break, lower prices will likely follow.

If the stock were to break below the support level, a short position could be entered.

Want to Discover More Great Trades?

I have explored virtually every flavor of technical analysis and chart pattern known to mankind. The sad fact is that the vast majority of them don’t work at all.

That is why I recently put together this special report to help investors focus on the only 5 chart patterns that matter…the ones that lead to the most timely and profitable stock trades. Click below to get your copy now!

5 WINNING Stock Chart Patterns

Have a good trading day!

Good luck!

Christian Tharp, CMT

@cmtstockcoach


MTLS shares were trading at $30.17 per share on Tuesday morning, down $1.84 (-5.75%). Year-to-date, MTLS has declined -44.35%, versus a 5.73% rise in the benchmark S&P 500 index during the same period.


About the Author: Christian Tharp


I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group and Yolo Publishing. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
MTLSGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


:  |  News, Ratings, and Charts

Bull Run or Bull S#*t?

The S&P 500 (SPY) has impressively broken out above 4,000. However, it seems that ONLY large caps are moving higher while smaller stocks are actually in the red. Why is this? And what does it mean for the future health of this bull market? Read on below for the answers…

:  |  News, Ratings, and Charts

3 Shipping Stocks Rated Strong Buy

Shipping stocks are buoyant as the global economy begins its rebound from the economic effects of the COVID-19 pandemic. We think ZIM Integrated Shipping Services (ZIM), Matson (MATX) and Global Ship Lease (GSL) are three companies that are well positioned to benefit from a sector resurgence and, as such, warrant a closer look now by investors. Let’s evaluate these names more closely.

:  |  News, Ratings, and Charts

Top 10 Growth Stocks

Let me prove beyond a shadow of a doubt that we are in the midst of a stock market bubble. Even better, let me explain why stocks (SPY) will rise for another 12-24 months so you can ride it higher and then parachute out at the peak. And just for good measure I will share my top 10 stocks for today’s market. Read on below for more...

:  |  News, Ratings, and Charts

Avoid These 3 Cathie Wood Stocks in April

Cathie Wood’s contrarian investment strategy may not be ideal for short-term, risk-averse investors with limited funds because most of Wood’s bets require a considerable holding period. So, we think Wood favorites Shopify (SHOP), Spotify (SPOT), and Zillow (Z), which could witness a pullback in the near term, are best avoided now.

:  |  News, Ratings, and Charts

Top 10 Growth Stocks

Let me prove beyond a shadow of a doubt that we are in the midst of a stock market bubble. Even better, let me explain why stocks (SPY) will rise for another 12-24 months so you can ride it higher and then parachute out at the peak. And just for good measure I will share my top 10 stocks for today’s market. Read on below for more...

Read More Stories

More Materialise NV (MTLS) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All MTLS News