At close on Tuesday, HCTI was trading above 2 key lines of potential support in its 50-Day Simple Moving Average (SMA) and its 13-Day Exponential Moving Average (EMA).
But do you see what has transpired over the past week?
During 2 separate sessions, HCTI was able to push through its 200-Day SMA.
That said, it was not able to break down potential resistance at that level.
If a 3rd attempt happens near term, and potential resistance breaks down, a possible squeeze could be on the horizon.
And if that happens, watch out...
No. 3 HCTI Potential Catalyst - A Multitude Of Triggered Technical Indicators Suggests Something Could Be Cooking
I'm telling you right now... Don't discount HCTI's technical indicators.
At close Tuesday, HCTI was displaying several triggered technical indicators across the short, medium term, and long term.
In fact, Barchart was reporting these technical indicators as triggered:
Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
The website also shares its all-important "Trend Seeker" composite indicator is triggered, too.
Could this be a signal that HTCI could be gearing up for a special move ahead?
No. 4 HCTI Potential Catalyst - Recent Revenue Growth Could Signal Awesome Upward Trajectory For HCTI
Healthcare Triangle, Inc (HCTI) Reports Results for the Third Quarter of 2022
PLEASANTON, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc (HCTI), a leading provider of cloud and digital transformation, managed services and data analytics platform for healthcare and life sciences industry reported results for the quarter ended September 30, 2022. All comparisons are to the same year ago period unless otherwise noted.
Q3 2022 Fi-nan-cial Highlights
- Revenue increased 48% to $11.9Mn YoY
- Gross margin at 29%
- R&D costs at $1.5Mn
- Cash $4.1Mn
Q3 2022 Operational Highlights
- Healthcare Triangle Inc, raised USD 6.5Mn through private placement
- Launched our services in Singapore to grow digital healthcare in the Asia Pacific region
- Implemented MEDITECH Expanse for Chronic Care Management for a Primary Healthcare Centre
- Standardized cloud platform using IaC (Infrastructure as Code) for a genomics-based drug discovery enterprise
- Upgraded cloud platform for an Illinois based health insurer
- Executed data management services deal with multispecialty healthcare group
- Initiated AI based benchmarking services for a Fortune 100 technology company
We remain excited by the opportunities we see in front of us. “Focusing on advanced cloud and AI driven data analytics for healthcare and life sciences industry; we expect our platforms and neutral zone offering to propel our revenues while significantly enhancing customer experience,” said Suresh Venkatachari, Chairman and CEO.
Thyagarajan Ramachandran, CFO of Healthcare Triangle, commented “We are benefiting from the momentum in healthcare business and reaffirming our commitment to consistently improve our EBITDA; and expect to be positive cash flow in fiscal year 2023.”
Read the full article here.
No. 5 HCTI Potential Catalyst - HCTI Exploring Metaverse To Provide "Boost" Ahead Of Contemporaries
Healthcare Triangle Enables Virtual Immersive Experiences and Interactions through Metaverse
Enabling healthcare and life sciences enterprises to implement virtual and augmented environment for patients and clinical trials
PLEASANTON, Calif., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc., (Nasdaq: HCTI) (“HCTI” or the “Company”) announces its offering and services towards enabling healthcare and life sciences enterprises to facilitate and explore the Metaverse, which will assist healthcare enterprises to introduce virtual and augmented environments for their patients, clinical trials, training healthcare professionals, and more.
The healthcare sector is evolving, according to Market Research Future, and Metaverse in the healthcare industry is forecasted to be worth USD 5.3B 2030 at a 48.3% CAGR. With the increasing usage of digital twins, Metaverse in healthcare will boost healthcare companies to augment their digital roadmaps by bringing enhanced personalized care to their patients across the globe. Here are a few instances of how the Metaverse for healthcare and life sciences will be accelerating personalized experiences:
- Metaverse facilitates patient scan data (such as MRI, CT, and ultrasound scans) over time and combines them into one perspective for treatment planning, execution, and monitoring disease progression.
- Digital twins in the pharma manufacturing units can facilitate real-time remote monitoring of tools and machinery on the shop floor to optimize uptime and maintenance.
- Metaverse allows pharma companies to reach out to potential customers and physicians through digital conferences, virtual advertisements, sponsorships, educative games, etc.
Enhanced compliance with HIPAA, HITRUST, and more; Metaverse initiative by Healthcare Triangle, involves a multidisciplinary approach by leveraging emerging and advanced technologies in tandem to create and interact while managing large scale data pipelines across the life cycle of their generation and operation.
Speaking about the initiative, Suresh Venkatachari, CEO of Healthcare Triangle said, “This will be the technology of the future, our lives and business innovation are already interwoven in-between physical and virtual worlds. Metaverse will create a greater bond in deepening the overlap. Healthcare Triangle, with its advanced cloud, data engineering AI, and block-chain solutions for the healthcare and life science industry, is well positioned to support its clients to quickly undertake the Metaverse proof of concepts and put them into practice. This will surely boost us to be well ahead of other contemporary businesses, while significantly enhancing the customer experience.”
Cloud, data engineering, AI & block-chain are vital building blocks for the Metaverse. The company will incorporate its platforms - CloudEz, DataEz, and Neutral Zone - as foundations to implement the Metaverse by healthcare and life sciences organizations. It will also invest in inculcating, expanding competencies, and strategic partnerships for developing capabilities in AR/VR/3D designing, etc.
Read the full article here.
HCTI Recap - 5 Must-See Potential Breakout Catalysts
No. 1 - A Low Float Could Provide The Perfect Environment For Explosive Volatility
No. 2 - Could A Potential Squeeze Happen This Week?
No. 3 - A Multitude Of Triggered Technical Indicators Suggests Something Could Be Cooking
No. 4 - Recent Revenue Growth Could Signal Awesome Upward Trajectory For HCTI
No. 5 - HCTI Exploring Metaverse To Provide "Boost" Ahead Of Contemporaries
Coverage is officially initiated on HCTI. When time permits, do this: