NN6 Technical Analysis - NANOREPRO AG

Technical Rating and Analysis

Overall NN6 gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NN6 is a bad performer.

When comparing the yearly performance of all stocks, NN6 is a bad performer in the overall market: 63% of all stocks are doing better.

Warning: NN6 has an average volume of 7034 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

NN6 is an average performer in the Health Care Equipment & Supplies industry, it outperforms 62% of 59 stocks in the same industry.

NN6 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NN6 is lagging the market.

In the last month NN6 has a been trading in the 1.55 - 2.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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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

NN6 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.26

2.00

4 important support areas can be observed.

Support @1.72 from a horizontal line in the daily time frame.
Support @1.64 from a trend line in the daily time frame.
Support @1.57 from a trend line in the weekly time frame.
Support @1.27 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 1.95 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 NN6.DE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NN6.DE is neutral.
ChartMill Relative Strength	37.92	NEUTRAL	NN6.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NN6.DE is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NN6.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NN6.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	50.22	NEUTRAL	The RSI value for NN6.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests NN6.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	15.1	OVERSOLD	The low Stochastics value suggests NN6.DE may be oversold.
Average True Range in percent/ATR (20)	4.96	MEDIUM VOLATILITY	The ATR as a percentage value for NN6.DE suggests some volalility.
Average Directional Index/ADX (14)	15.12	NEGATIVE	The low ADX value for NN6.DE suggests a weak or negative trend.