NAMS Technical Analysis - NEWAMSTERDAM PHARMA CO NV

Technical Rating and Analysis

Overall NAMS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NAMS has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that NAMS is one of the better performing stocks in the market, outperforming 95% of all stocks.

NAMS is part of the Biotechnology industry. There are 536 other stocks in this industry. NAMS outperforms 90% of them.

A new 52 week high is currently being made by NAMS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month NAMS has a been trading in the 23.05 - 37.07 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEWAMSTERDAM PHARMA CO NV / NAMS Weekly stock chart

NEWAMSTERDAM PHARMA CO NV / NAMS Daily stock chart

Setup Rating and Analysis

Although NAMS has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.08

37.42

3 important support areas can be observed.

A support zone ranging from 28.81 to 29.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 26.27 to 26.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @24.32 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 NAMS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NAMS is up.
ChartMill Relative Strength	95.64	POSITIVE	NAMS has a high relative strength, it outperformed 95.64% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NAMS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NAMS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NAMS is above the rising SMA(200).
Relative Strength Index/RSI (14)	81.46	OVERBOUGHT	The high RSI value suggests NAMS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.72	POSITIVE	The MACD value suggests NAMS has a positive trend.
Stochastics (14,3)	87.34	OVERBOUGHT	The high Stochastics value suggests NAMS may be overbought.
Average True Range in percent/ATR (20)	4.62	MEDIUM VOLATILITY	The ATR as a percentage value for NAMS suggests some volalility.
Average Directional Index/ADX (14)	39.1	POSITIVE	The high ADX value value for NAMS suggests a strong trend.