TTM Technologies' 15min Chart Shows KDJ Golden Cross and Bullish Marubozu.

The 15-minute chart for TTM Technologies has recently displayed a Golden Cross, accompanied by a bullish Marubozu formation on August 25th at 2:15 PM. This development indicates a shift in momentum towards an upward trajectory, with potential for further price appreciation. As buyers remain in control of the market, it is likely that the bullish momentum will continue.

On August 25th at 2:15 PM, the 15-minute chart for TTM Technologies (TTMI) displayed a Golden Cross, accompanied by a bullish Marubozu formation [1]. This technical development indicates a significant shift in momentum towards an upward trajectory, with potential for further price appreciation. The Golden Cross, formed by the intersection of the 50-day and 200-day moving averages, is a bullish signal that suggests a continuation of the current uptrend. The Marubozu formation, characterized by large price movements without wicks, signifies strong buying pressure and a lack of selling resistance.

The recent market conditions have been favorable for TTM Technologies, with the stock experiencing a 98.7% increase since the beginning of the year [1]. Despite a 4.3% drop on August 25th, the stock remains close to its 52-week high of $16.34, trading at $15.49 per share. Analysts have maintained a positive outlook on the stock, with a consensus rating of Buy and a price target of $23 [3]. The company's earnings are expected to grow by 14.77% in the coming year, from $1.76 to $2.02 per share [3].

The recent decline in TTM Technologies' stock price could present an opportunity for investors to buy at a discounted price. The stock's forward P/E ratio of 49.55 is relatively high compared to the market average, but it is still trading at a lower P/E ratio than the Computer and Technology sector average of about 54.34 [3]. The company's short interest ratio of 1.6 indicates that a healthy percentage of shares have been sold short, which could suggest a potential for price appreciation as shorts cover their positions.

In conclusion, the recent technical developments and market conditions suggest that TTM Technologies is well-positioned for further price appreciation. The Golden Cross and bullish Marubozu formation indicate a shift in momentum towards an upward trajectory, with buyers remaining in control of the market. However, investors should carefully consider the stock's valuation and the potential risks before making any investment decisions.

References:
[1] https://www.tradingview.com/news/stockstory:f58ff423e094b:0-mirion-jabil-planet-labs-ttm-technologies-and-applied-digital-stocks-trade-down-what-you-need-to-know/
[2] https://finance.yahoo.com/news/2-stocks-under-50-target-093738183.html
[3] https://www.marketbeat.com/stocks/NASDAQ/TTMI/