Taking everything into account, NNDM scores 7 out of 10 in our technical rating. NNDM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although NNDM 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.
More info and screens
1.45
We found 2 important support areas.
- Support @1.58 from a trend line in the weekly time frame.
- Support @1.46 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @1.98 from a trend line in the daily time frame.
- Resistance @2.29 from a trend line in the weekly time frame.
- Resistance @2.43 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 | UP | POSITIVE | The short term trend for NNDM is up. |
| ChartMill Relative Strength | 62.22 | NEUTRAL | NNDM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NNDM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NNDM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NNDM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.99 | NEUTRAL | The RSI value for NNDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NNDM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.41 | OVERBOUGHT | The high Stochastics value suggests NNDM may be overbought. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for NNDM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.75 | NEGATIVE | The low ADX value for NNDM suggests a weak or negative trend. |
1.82
+0.03 (+1.68%)
NANO DIMENSION LTD - ADR / NNDM FAQ
What is the technical rating for NNDM stock?
ChartMill assigns a technical rating of 7 / 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 62.9938. 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 positive.
What is the support and resistance level for NNDM stock?
NANO DIMENSION LTD - ADR (NNDM) has a support level at 1.58 and a resistance level at 1.98. Check the full technical report for our detailed analysis of NNDM support and resistance levels.