NAAS TECHNOLOGY INC-ADR (NAAS) Stock Technical Analysis
NASDAQ:NAAS - Nasdaq - US62955X2018 - ADR - Currency: USD
Overall NAAS gets a technical rating of 0 out of 10. NAAS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than NAAS.
NAAS is part of the Specialty Retail industry. There are 123 other stocks in this industry, of which 94% are performing better than NAAS.
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 1.96 - 3.32 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
NAAS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for NAAS 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
2.21
2.58
2 important resistance areas can be observed.
- Resistance @2.34 from a trend line in the daily time frame.
- Resistance @2.55 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 NAAS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NAAS is down. |
| ChartMill Relative Strength | 0.59 | NEGATIVE | NAAS has a low relative strength, it was outperformed by 99.41% 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) | 37.03 | NEUTRAL | The RSI value for NAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NAAS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.7 | NEUTRAL | The Stochastics value for NAAS is a neutral value. |
| Average True Range in percent/ATR (20) | 18.45 | HIGH VOLATILITY | The high ATR as a percentage value for NAAS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.09 | NEGATIVE | The low ADX value for NAAS 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)
2.23
-0.09 (-3.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-3.88%
1 Week-27.6%
2 Weeks-16.29%
1 Month-32.82%
3 Month-54.67%
6 Month-89.83%
12 Month-96.98%
2 Year-99.9%
3 Year-99.88%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%18.45%
ATR Inc-33.24%
Range Today0.14
ADR(20)0.4
ADR(20)%18.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.59
Mansfield-9.25
10 Day High3.29
10 Day Low2.02
20 Day High3.32
20 Day Low1.96
52 Week High84.8
52 Week Low1.96
CS1 EndN/A
CR1 Start2.34
Volume & EV
DER(3)5.16%
DER(5)4.41%
Volume140.60K
Volume Incr13.69%
Vol(5)462.52K
Vol(50)857.29K