NANO DIMENSION LTD - ADR (NNDM) Stock Technical Analysis
USA - NASDAQ:NNDM - US63008G2030 - ADR
Taking everything into account, NNDM scores 4 out of 10 in our technical rating. NNDM performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
NNDM 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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1.35
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.58 to 1.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.36 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 1.68 to 1.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.78 from a horizontal line in the weekly time frame.
- Resistance @1.98 from a trend line in the daily time frame.
- Resistance @2.32 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NNDM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NNDM is neutral. |
| ChartMill Relative Strength | 33.52 | NEUTRAL | NNDM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NNDM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NNDM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NNDM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.46 | NEUTRAL | The RSI value for NNDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NNDM has a negative trend. |
| Stochastics (14,3) | 15.69 | OVERSOLD | The low Stochastics value suggests NNDM may be oversold. |
| Average True Range in percent/ATR (20) | 7.9 | HIGH VOLATILITY | The high ATR as a percentage value for NNDM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.99 | POSITIVE | The high ADX value value for NNDM suggests a strong trend. |
1.59
-0.08 (-4.79%)
NANO DIMENSION LTD - ADR / NNDM FAQ
What is the technical rating for NNDM stock?
ChartMill assigns a technical rating of 4 / 10 to NNDM.
What is the trend direction for NNDM stock?
The current trend direction for NANO DIMENSION LTD - ADR (NNDM) is Bearish.
Can you provide the RSI signal for NANO DIMENSION LTD - ADR?
NANO DIMENSION LTD - ADR (NNDM) has an RSI value of 44.4594. This indicates that the stock is currently neutral.
What is the short term momentum for NNDM stock?
The short term momentum for NANO DIMENSION LTD - ADR (NNDM) is neutral.
What is the support and resistance level for NNDM stock?
NANO DIMENSION LTD - ADR (NNDM) has a support level at 1.59 and a resistance level at 1.68. Check the full technical report for our detailed analysis of NNDM support and resistance levels.