NANO DIMENSION LTD - ADR (NNDM) Technical Analysis
NASDAQ:NNDM • US63008G2030
Current stock price
NNDM Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to NNDM. NNDM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month NNDM has a been trading in the 1.55 - 2.06 range, which is quite wide. It is currently trading near the lows of this range.
- NNDM has an average volume of 2481550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, NNDM turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- NNDM is part of the Machinery industry. There are 131 other stocks in this industry, NNDM did better than 44% of them.
- NNDM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NNDM is lagging the market slightly.
NNDM Weekly and Daily overview Charts
NNDM Setup Rating and Analysis
NNDM has a poor technical rating and the quality of the setup is also not perfect 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
NNDM Support and Resistance Analysis
1.54
We found 2 important support areas.
- A support zone ranging from 1.59 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.56 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @1.89 from a horizontal line in the daily time frame.
- Resistance @1.95 from a trend line in the weekly time frame.
- Resistance @2.38 from a trend line in the weekly time frame.
NNDM 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 NNDM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NNDM is down. |
| ChartMill Relative Strength | 50.04 | 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) | DOWN | NEGATIVE | The current price of NNDM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NNDM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.34 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 18.98 | OVERSOLD | The low Stochastics value suggests NNDM may be oversold. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for NNDM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.89 | POSITIVE | The high ADX value value for NNDM suggests a strong trend. |
NNDM Chart- and CandleStick Pattern Analysis
NNDM Technicals: Chart, Performance Metrics, Trend & Indicators
1.67
+0.08 (+5.03%)
NANO DIMENSION LTD - ADR / NNDM TA FAQ
What is the technical rating for NNDM stock?
ChartMill assigns a technical rating of 1 / 10 to NNDM.
Can you provide the trend direction for NANO DIMENSION LTD - ADR?
The current trend direction for NANO DIMENSION LTD - ADR (NNDM) is Bearish.
What is the RSI signal for NANO DIMENSION LTD - ADR (NNDM) stock?
NANO DIMENSION LTD - ADR (NNDM) has an RSI value of 40.3441. This indicates that the stock is currently neutral.
What are the support and resistance levels for NANO DIMENSION LTD - ADR (NNDM) stock?
NANO DIMENSION LTD - ADR (NNDM) has a support level at 1.59 and a resistance level at 1.89. Check the full technical report for our detailed analysis of NNDM support and resistance levels.