NAAS TECHNOLOGY INC-ADR (NAAS)       5.5  -0.2 (-3.51%)

5.5  -0.2 (-3.51%)

US62955X1028 - ADR

Technical Rating

We assign a technical rating of 2 out of 10 to NAAS. In the last year, NAAS was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
100% of all other stocks performed better in the past year than NAAS.
NAAS is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry, of which 100% are performing better than NAAS.
NAAS is currently making a new 52 week low. This is a very bad signal. NAAS is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month NAAS has a been trading in the 5.10 - 6.50 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.
Warning: NAAS has an average volume of 0 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Statistics

1 Month 3 Months 6 Months 12 Months -10.13% 0.00% 0.00% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 5.1033 - 8.58
NAAS Weekly chart
NAAS Daily chart

Support/Resistance Analysis


5.45

6.36
When analyzing the resistance we notice one important area.
  • Resistance @6.30 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

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.


NAAS Daily chart

NAAS TECHNOLOGY INC-ADR5.5

NASDAQ:NAAS (8/16/2022, 7:00:02 PM)-0.2 (-3.51%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Diversified Consumer Services
Performance
Today -3.51% 1 Week -6.78%
2 Weeks -8.49% 1 Month -10.13%
3 Month 0% 6 Month 0%
Volatility
ATR(14) 0.24 ATR(20)% 4.41%
ATR Inc 114.5% Range Today 0.59
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 6.4 10 Day Low 5.1
20 Day High 6.5 20 Day Low 5.1
52 Week High 8.58 52 Week Low 5.1
CS1 End N/A CR1 Start 6.3
Volume & EV
DER(3) -8.14% DER(5) -7.67%
Volume 113.10K Volume Incr 13.5%
Vol(5) 39.64K Vol(50) 0

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