NANO LABS LTD-CL A (NA) Stock Technical Analysis
NASDAQ:NA - KYG6391Y1281 - Common Stock
5.05 USD
-0.13 (-2.51%)
4.9801 USD
-0.07 (-1.38%)
Overall NA gets a technical rating of 3 out of 10. Although NA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
NA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Looking at the yearly performance, NA did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NA is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 64% of 112 stocks in the same industry.
In the last month NA has a been trading in the 3.88 - 6.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for NA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.69
5.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.04 to 5.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.20 to 4.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.14 to 5.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.63 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NA is down. |
| ChartMill Relative Strength | 80.1 | POSITIVE | NA has a high relative strength, it outperformed 80.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.7 | NEUTRAL | The RSI value for NA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests NA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.03 | NEUTRAL | The Stochastics value for NA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.29 | HIGH VOLATILITY | The high ATR as a percentage value for NA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for NA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.05
-0.13 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.51%
1 Week-17.35%
2 Weeks12.22%
1 Month10.02%
3 Month-24.51%
6 Month-12.93%
12 Month67.44%
2 Year-59.92%
3 Year-68.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%12.29%
ATR Inc-59.33%
Range Today0.37
ADR(20)0.6
ADR(20)%11.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.1
Mansfield-2.85
10 Day High6.3
10 Day Low4.15
20 Day High6.3
20 Day Low3.88
52 Week High31.48
52 Week Low2.77
CS1 End5.04
CR1 Start5.14
Volume & EV
DER(3)4.62%
DER(5)-1.24%
Volume191.29K
Volume Incr-72.21%
Vol(5)162.65K
Vol(50)534.24K