PTC Inc

Price has decisively broken below the 137–138 support zone with a large red candle and minimal lower wick, aligning with bearish pivot and continuation signals. All major EMAs have flipped bearish, and the relief bounce lacks volume and fails to reclaim moving‐average resistance. The structure remains in a Stage 4 decline, favoring participation on any shallow rallies into the 9/20 EMA region for rejection‐based selling.

• ↑Q3 new ARR $60m; constant-currency ARR up 9% YoY to $2.448B
• ↑Q3 free cash flow $249m exceeded guidance, funding $525m share repurchase
• ↓Management warns some customers are slowing or phasing deals, risking ARR momentum