NN6 Technical Analysis - NANOREPRO AG

Technical Rating and Analysis

Overall NN6 gets a technical rating of 4 out of 10. In the last year, NN6 was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

Warning: NN6 has an average volume of 7027 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

NN6 is part of the Health Care Equipment & Supplies industry. There are 63 other stocks in this industry. NN6 outperforms 75% of them.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When comparing the performance of all stocks over the past year, NN6 turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.

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 1.57 - 1.82 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.74, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.26

2.00

3 important support areas can be observed.

A support zone ranging from 1.68 to 1.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.65 from a trend line in the weekly time frame.
Support @1.27 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important 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

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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	NEUTRAL	NEUTRAL	The long term trend for NN6.DE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NN6.DE is neutral.
ChartMill Relative Strength	68.12	NEUTRAL	NN6.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NN6.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of NN6.DE is below 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)	49.71	NEUTRAL	The RSI value for NN6.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests NN6.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	55.94	NEUTRAL	The Stochastics value for NN6.DE is a neutral value.
Average True Range in percent/ATR (20)	4.22	MEDIUM VOLATILITY	The ATR as a percentage value for NN6.DE suggests some volalility.
Average Directional Index/ADX (14)	8.9	NEGATIVE	The low ADX value for NN6.DE suggests a weak or negative trend.