Charts for 3D printing stocks make wonderful Halloween decorations because they are so scary.
Before you start looking at the charts for 3D printing stocks, be sure to put on some scary music. Try to imagine the voice of Vincent Price telling you about how those stocks are performing. Halloween might still be four weeks away, but you could get some good costume ideas from this experience. Get dressed-up as an ExOne 3D printer and watch people run from you in fear. The six-month chart patterns for most of these stocks are giant, bearish, head-and-shoulders patterns. The one exception, Stratasys (NASDAQ:SSYS) has a head-and-shoulders running from August 21, poised to break below both the 50-day and 200-day moving averages. Stratasys fell 3.74 percent to end Wednesday’s session at $116.26.
3D Systems (NYSEARCA:DDD) tumbled 3.95 percent to $44.54. 3D bioprinting company, Organovo (NYSE MKT:ONVO) plunged 5.49 percent to $6.02. ExOne (NASDAQ:XONE) took a 9.24 percent nosedive to $18.96. During the spring selloff, Voxeljet (NYSEARCA:VJET) found support at its IPO price of $13 on May 21. With the anniversary of Voxeljet’s IPO just more than two weeks away, we might finally see VJET shares available at a cheaper price. On Wednesday, Voxeljet shares sank 4.33 percent to $13.27.
The solar sector endured an equally-horrific experience on Wednesday. The Guggenheim Solar ETF (NYSEARCA:TAN) tumbled 3.05 percent to $39.41. Canadian Solar (NASDAQ:CSIQ) sank 4.42 percent to $34.19. SolarCity (NASDAQ:SCTY) plunged 5.25 percent to $56.47. SunPower (NASDAQ:SPWR) fell 3.84 percent to $32.58. First Solar (NASDAQ:FLSR) tumbled 3.19 percent $63.71. The beaten-down Real Goods Solar – now known as RGS Energy (NASDAQ:RGSE) – took a 12.21 percent nosedive (i.e. 21 cents) to $1.51. RGSE gave-up all but a penny of Tuesday’s big gain, resulting from the announcement of the company’s decision to focus on residential and small commercial installations, abandoning the large commercial market.
As was the case on Tuesday, the declines made by the four major biotech ETFs were relatively modest, in comparison to the carnage in the solar panel and 3D printing sectors. The First Trust NYSEARCA Biotechnology Index ETF (NYSEARCA:FBT) dropped 1.38 percent to $90.51. The iShares Nasdaq Biotechnology Index ETF (NYSEARCA:IBB) sank 1.53 percent to $269.43. The Market Vectors Biotech ETF (NYSEARCA:BBH) tumbled 1.45 percent to $104.31. The SPDR S&P Biotech Index ETF (NYSEARCA:XBI) fell 1.31 percent to $153.93.
The major ETFs expected to respond to developments in the technology sector are:
Technology Select Sector SPDR ETF (NYSEARCA:XLK): -1.55%
Vanguard Information Technology Index ETF (NYSEARCA:VGT): -1.65%
iShares Dow Jones U.S. Technology Sector Index ETF (NYSEARCA:IYW): -1.75%
Market Vectors Semiconductor ETF (NYSEARCA:SMH): -2.19%
iShares PHLX SOXX Semiconductor Sector ETF (NASDAQ:SOXX): -2.44%
SPDR S&P Semiconductor ETF (NYSEARCA:XSD): -2.48%
The last word: Wednesday’s trading action brought another batch of severe declines in the solar panel and 3D printing sectors, where a 3-percent drop was the least-significant retreat of the day.