Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>T2 Biosystems Inc. will announce its revenue and earnings soon.</a></li>
 <li><span>2</span> <a>TTOO stock is showing selling pressure at the current market levels.</a></li>
</ul>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1260" height="382" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-282.png" alt="Will TTOO Stock Price Break Above The Triangle Pattern?" class="wp-image-174853" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-282.png 1260w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-282-300x91.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-282-1024x310.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-282-768x233.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-282-750x227.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-282-1140x346.png 1140w" sizes="(max-width: 1260px) 100vw, 1260px">
 </figure>
</div>
<p>T2 Biosystems Inc. was founded in America. The company was founded by Nir Zuk and has its headquarters in Santa Clara, California. It is known for making products and medicines that treat life-altering diseases.&nbsp;</p>
<p>Some of the popularly known solutions and products it has made are T2MR, T2Bacteria Panel, and T2Dx. The company was founded in the year 2006 and the current CEO of the company is John J. Sperzel.&nbsp;</p>
<p>TTOO stock price has declined by -11.70% in the last one month. The current market cap of the share is $93.369M. This follows up with 330.377M shares floating in the market. T2 Biosystems Inc. has a negative beta of -0.64 and it also follows a negative EPS of -5.7487 USD. By looking at the ratios we can conclude that the TTOO stock is unable to attract investors.</p>
<p>T2 Biosystems Inc. stock is trading with an average volume of 114.16M following the last three months. The company has not made any good return from its assets. The operating margin of the share has also declined to -664.51% which is really bad for the future performance of the company. The company also has a very low current ratio of 0.36.</p>
<h2 class="wp-block-heading" id="strong-t2-biosystems-inc-stock-performance-analysis-strong"><strong>T2 Biosystems Inc. Stock Performance Analysis</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="620" height="193" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-280.png" alt="Will TTOO Stock Price Break Above The Triangle Pattern?" class="wp-image-174851" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-280.png 620w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-280-300x93.png 300w" sizes="(max-width: 620px) 100vw, 620px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/symbols/NASDAQ-TTOO/" rel="noopener noreferrer nofollow">Tradingview</a>
  </figcaption>
 </figure>
</div>
<p>T2 Biosystems Inc. has a debt of $59.22M as of the year 2022 and the company has reported a decline of 66.8% in the revenue in Q2 2023 resulting in $1.96M. The market cap of the company has highly declined by 94.5% year-on-year in Q2 2023. This indicates a huge sell-off in the stock price over the year.</p>
<h3 class="wp-block-heading" id="strong-performance-analysis-of-ttoo-stock-strong"><strong>Performance Analysis of TTOO Stock</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1267" height="204" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-281.png" alt="" class="wp-image-174852" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-281.png 1267w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-281-300x48.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-281-1024x165.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-281-768x124.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-281-750x121.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-281-1140x184.png 1140w" sizes="(max-width: 1267px) 100vw, 1267px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p><a href="https://www.thecoinrepublic.com/2023/09/19/ttoo-stock-forecast-buy-sell-or-hold-t2-biosystems-stock/" target="_blank" rel="noopener noreferrer nofollow">T2 Biosystems Inc</a>. has been unable to meet the experts’ expectations over the years and has performed well only for few times. Despite of meeting the revenue estimates the company has made very low revenues and has a highly negative debt/equity ratio. Therefore the experts of the Tradingview are neutral on the stock.</p>
<h2 class="wp-block-heading" id="strong-ttoo-stock-can-skyrocket-after-the-breakout-above-triangle-pattern-strong"><strong>TTOO Stock Can Skyrocket After The Breakout Above Triangle Pattern</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1281" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-283.png" alt="Will TTOO Stock Price Break Above The Triangle Pattern?" class="wp-image-174854" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-283.png 1281w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-283-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-283-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-283-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-283-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-283-1140x517.png 1140w" sizes="(max-width: 1281px) 100vw, 1281px">
  <figcaption class="wp-element-caption">
   Source : TTOO: 1D: NASDAQ
  </figcaption>
 </figure>
</div>
<p>T2 Biosystems stock price is trading in a dynamic range leading to the formation of a symmetric triangle pattern. TTOO stock has formed a bearish candlestick on the daily charts indicating selling pressure in the stock. This denotes the possibility of further lower prices in the stock.</p>
<p>EMAs are extremely bearish on the chart. The 50-day EMA is trading much further away from the 200-day EMA. This represents that the stock has been through a very strong downtrend and is still facing selling pressure.</p>
<p>The RSI for the stock is following a bullish cycle but is currently trading below the 50 level. This indicates that the stock is facing the dominance of sellers in recent times and if the RSI fails to break above the 50 level, it might lead to much lower levels.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The <a href="https://www.thecoinrepublic.com/2023/09/19/ttoo-stock-forecast-buy-sell-or-hold-t2-biosystems-stock/" target="_blank" rel="noopener noreferrer nofollow">TTOO </a>stock price is trading inside a symmetric triangle pattern and has declined by more than 99% in just the last five years. The company has faced multiple drawdowns. T2 Biosystems has a negative net income and the revenue of the company is too low. Due to the huge decline in price, the technical indicators are also bearish for the stock.</p>
<p>Therefore, if the TTOO stock breaks below the triangle pattern, we can see a further decline in share price. On the breakout above the pattern, we cannot expect much higher levels due to the poor financials of the company.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li>Support levels- $0.50 and $1.00</li>
 <li>Resistance levels- $2.00 and $2.70</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

Will TTOO Stock Price Break Above The Triangle Pattern?

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 10, 2023

Elon Musk in Trouble After Trying to Avoid SEC Subpoena

Dogecoin Whale Transactions Surge 49% Despite Lagging Prices

Moralis x ChainGPT: A Powerful Case Study for the Future of NFTs

Ways Blockchain Privacy-Enhancement Can Build Trust in IoT Ecosystems

Online Crowds Flock to Maiden Qualifier Match as 2023 Worlds Play-In Begins

Spyware Ini Sasar Senator AS

Join our free newsletter for daily crypto updates!