NAAS TECHNOLOGY INC-ADR (NAAS) Stock Technical Analysis
NASDAQ:NAAS • US62955X4097
We assign a technical rating of 0 out of 10 to NAAS. NAAS's overall performance in the market is below average. Also 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.
- 97% of all other stocks performed better in the past year than NAAS.
- NAAS is one of the lesser performing stocks in the Specialty Retail industry. 89% of 120 stocks in the same industry do better.
- NAAS 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.
- In the last month NAAS has a been trading in the 2.22 - 3.44 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: NAAS has an average volume of 24288 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed in the last couple of days.
The technical rating of NAAS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.33
We found 1 important support area.
- Support @2.35 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.61 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.62 from a trend line in the daily time frame.
- Resistance @3.77 from a trend line in the daily time frame.
- Resistance @4.10 from a horizontal 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 NAAS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NAAS is down. |
| ChartMill Relative Strength | 3.72 | NEGATIVE | NAAS has a low relative strength, it was outperformed by 96.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NAAS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NAAS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NAAS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.07 | NEUTRAL | The RSI value for NAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NAAS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.14 | NEUTRAL | The Stochastics value for NAAS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.55 | HIGH VOLATILITY | The high ATR as a percentage value for NAAS suggests high volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for NAAS suggests a possible start of a new trend. |
2.53
-0.04 (-1.56%)
NAAS TECHNOLOGY INC-ADR / NAAS FAQ
What is the technical rating for NAAS stock?
ChartMill assigns a technical rating of 0 / 10 to NAAS.
Can you provide the trend direction for NAAS TECHNOLOGY INC-ADR?
The current trend direction for NAAS TECHNOLOGY INC-ADR (NAAS) is Bearish.
What is the RSI signal for NAAS TECHNOLOGY INC-ADR (NAAS) stock?
NAAS TECHNOLOGY INC-ADR (NAAS) has an RSI value of 35.0703. This indicates that the stock is currently neutral.
What is the short term momentum for NAAS stock?
The short term momentum for NAAS TECHNOLOGY INC-ADR (NAAS) is negative.
What is the buy/sell signal for NAAS TECHNOLOGY INC-ADR (NAAS) stock?
The buy/sell signal for NAAS TECHNOLOGY INC-ADR (NAAS) is sell as both the short term and long term trends are negative.