NANO Technical Analysis - NANOBIOTIX

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to NANO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NANO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

NANO is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 73 stocks in the same industry.

NANO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month NANO has a been trading in the 7.47 - 18.88 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.

Looking at the yearly performance, NANO did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

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

Setup Rating and Analysis

Although NANO has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.16

18.72

When analyzing the resistance we notice one important area.

A resistance zone ranging from 18.51 to 18.53. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 NANO.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NANO.PA is up.
ChartMill Relative Strength	99.57	POSITIVE	NANO.PA has a high relative strength, it outperformed 99.57% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NANO.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NANO.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NANO.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	86.34	OVERBOUGHT	The high RSI value suggests NANO.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.64	POSITIVE	The MACD value suggests NANO.PA has a positive trend.
Stochastics (14,3)	87.09	OVERBOUGHT	The high Stochastics value suggests NANO.PA may be overbought.
Average True Range in percent/ATR (20)	7.51	HIGH VOLATILITY	The high ATR as a percentage value for NANO.PA suggests high volalility.
Average Directional Index/ADX (14)	56.53	POSITIVE	The high ADX value value for NANO.PA suggests a strong trend.