NAMIB MINERALS (NAMM) Technical Analysis
NASDAQ:NAMM • KYG636381033
We assign a technical rating of 5 out of 10 to NAMM. In the last year, NAMM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 100% of all other stocks performed better in the past year than NAMM.
- NAMM is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 89% are performing better than NAMM.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- NAMM has an average volume of 11789800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NAMM has a been trading in the 2.16 - 4.42 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.
NAMM has an average technical rating and it also does not offer a high 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
3.00
We found 1 important support area.
- Support @3.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.13 to 3.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.94 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 | UP | POSITIVE | The long term trend for NAMM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NAMM is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NAMM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NAMM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NAMM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 49.24 | NEUTRAL | The RSI value for NAMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NAMM has a negative trend. |
| Stochastics (14,3) | 35.72 | NEUTRAL | The Stochastics value for NAMM is a neutral value. |
| Average True Range in percent/ATR (20) | 16.59 | HIGH VOLATILITY | The high ATR as a percentage value for NAMM suggests high volalility. |
| Average Directional Index/ADX (14) | 29.16 | POSITIVE | The high ADX value value for NAMM suggests a strong trend. |
NAMM Technicals: Chart, Performance Metrics, Trend & Indicators
3.12
+0.08 (+2.63%)
NAMIB MINERALS / NAMM FAQ
Can you provide the ChartMill technical rating for NAMIB MINERALS?
ChartMill assigns a technical rating of 5 / 10 to NAMM.
What is the trend direction for NAMM stock?
The current trend direction for NAMIB MINERALS (NAMM) is Bullish.
Can you provide the RSI signal for NAMIB MINERALS?
NAMIB MINERALS (NAMM) has an RSI value of 49.2421. This indicates that the stock is currently neutral.
What is the MACD signal for NAMM stock?
The MACD indicator for NAMIB MINERALS (NAMM) has a value of -0.0884982, indicating a bearish trend.