NANO DIMENSION LTD - ADR (NNDM) Stock Technical Analysis
NASDAQ:NNDM • US63008G2030
We assign a technical rating of 8 out of 10 to NNDM. Although NNDM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- NNDM is part of the Machinery industry. There are 131 other stocks in this industry, of which 61% are performing better than NNDM.
- Both the short term and long term trends are positive. This is a very positive sign.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NNDM has an average volume of 3034600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 57% of all stocks.
- NNDM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NNDM is lagging the market.
- In the last month NNDM has a been trading in the 1.70 - 2.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NNDM has an excellent technical rating, but the quality of the setup is only medium 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
1.61
2 important support areas can be observed.
- A support zone ranging from 1.75 to 1.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @2.40 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 | 57.11 | 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) | UP | POSITIVE | The current price of NNDM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.06 | NEUTRAL | The RSI value for NNDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NNDM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.79 | NEUTRAL | The Stochastics value for NNDM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for NNDM suggests high volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for NNDM suggests a strong trend. |
2.03
-0.11 (-5.14%)
NANO DIMENSION LTD - ADR / NNDM FAQ
What is the technical rating for NNDM stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for NANO DIMENSION LTD - ADR (NNDM) stock?
NANO DIMENSION LTD - ADR (NNDM) has an RSI value of 59.0558. This indicates that the stock is currently neutral.
What is the buy/sell signal for NANO DIMENSION LTD - ADR (NNDM) stock?
The buy/sell signal for NANO DIMENSION LTD - ADR (NNDM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for NANO DIMENSION LTD - ADR (NNDM) stock?
NANO DIMENSION LTD - ADR (NNDM) has a support level at 1.8 and a resistance level at 2.4. Check the full technical report for our detailed analysis of NNDM support and resistance levels.