NANO DIMENSION LTD - ADR (NNDM) Stock Technical Analysis
NASDAQ:NNDM - Nasdaq - US63008G2030 - ADR - Currency: USD
Overall NNDM gets a technical rating of 0 out of 10. NNDM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NNDM is a bad performer in the overall market: 90% of all stocks are doing better.
NNDM is part of the Machinery industry. There are 128 other stocks in this industry, of which 81% are performing better than NNDM.
NNDM is currently trading in the lower part 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.
In the last month NNDM has a been trading in the 1.50 - 1.69 range, which is quite wide. It is currently trading near the lows of this range.
NNDM has an average volume of 2051240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
NNDM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.64. Right above this resistance zone may be a good entry point.
More info and screens
1.53
2.49
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.64 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.47 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 | DOWN | NEGATIVE | The long term trend for NNDM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NNDM is down. |
| ChartMill Relative Strength | 10.57 | NEGATIVE | NNDM has a low relative strength, it was outperformed by 89.43% off all stocks 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) | DOWN | NEGATIVE | The current price of NNDM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.79 | NEUTRAL | The RSI value for NNDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NNDM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.58 | NEUTRAL | The Stochastics value for NNDM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for NNDM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.53 | NEUTRAL | The ADX value for NNDM suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.55
-0.04 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.52%
1 Week-0.64%
2 Weeks-4.91%
1 Month-6.06%
3 Month-31.11%
6 Month-26.54%
12 Month-41.29%
2 Year-35.68%
3 Year-47.99%
5 Year-98.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.65%
ATR Inc-24.98%
Range Today0.02
ADR(20)0.05
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.57
Mansfield-2.99
10 Day High1.68
10 Day Low1.52
20 Day High1.69
20 Day Low1.5
52 Week High2.74
52 Week Low1.34
CS1 EndN/A
CR1 Start1.64
Volume & EV
DER(3)-4.96%
DER(5)-2.35%
Volume888.40K
Volume Incr-38.52%
Vol(5)920.94K
Vol(50)2.05M