We assign a technical rating of 8 out of 10 to NNDM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NNDM is only an average performer.
Besides having an excellent technical rating, NNDM also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.76, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.46
We found 3 important support areas.
- A support zone ranging from 1.76 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.61 from a trend line in the weekly time frame.
- Support @1.47 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.82 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.28 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 | UP | POSITIVE | The long term trend for NNDM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NNDM is up. |
| ChartMill Relative Strength | 48.57 | 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) | 58.87 | NEUTRAL | The RSI value for NNDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NNDM has a negative trend. |
| Stochastics (14,3) | 35.94 | NEUTRAL | The Stochastics value for NNDM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for NNDM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for NNDM suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.84 | 1.75 | 0.09 (4.89%) | 20.44% |
| An entry @1.84. This is a Buy Stop order right above the resistance zone. | An exit @1.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 4.89%. | When investing 20.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NNDM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.81
+0.02 (+1.12%)
NANO DIMENSION LTD - ADR / NNDM FAQ
What is the technical rating for NNDM stock?
ChartMill assigns a technical rating of 8 / 10 to NNDM.
What is the trend direction for NNDM stock?
The current trend direction for NANO DIMENSION LTD - ADR (NNDM) is Bullish.
Can you provide the RSI signal for NANO DIMENSION LTD - ADR?
NANO DIMENSION LTD - ADR (NNDM) has an RSI value of 58.8738. 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 1.76 and a resistance level at 1.82. Check the full technical report for our detailed analysis of NNDM support and resistance levels.