NANO DIMENSION LTD - ADR (NNDM) Stock Technical Analysis
USA - NASDAQ:NNDM - US63008G2030 - ADR
1.6 USD
+0.03 (+1.91%)
1.62 USD
+0.02 (+1.25%)
We assign a technical rating of 5 out of 10 to NNDM. In the past year, NNDM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NNDM is a bad performer in the overall market: 88% of all stocks are doing better.
NNDM is part of the Machinery industry. There are 129 other stocks in this industry, of which 76% are performing better than NNDM.
NNDM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month NNDM has a been trading in the 1.34 - 1.63 range, which is quite wide. It is currently trading near the high of this range.
NNDM has an average volume of 2266810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
NNDM has an average technical rating and also 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
1.32
2.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.43 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.36 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.33 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.61 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.65 from a horizontal line in the daily time frame.
- Resistance @2.36 from a trend line in the weekly time frame.
- Resistance @2.47 from a trend line in the weekly time frame.
- Resistance @2.53 from a horizontal 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 | 12.24 | NEGATIVE | NNDM has a low relative strength, it was outperformed by 87.76% off all stocks 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 | NEGATIVE | The current price of NNDM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.05 | NEUTRAL | The RSI value for NNDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NNDM has a positive trend. |
| Stochastics (14,3) | 77.49 | NEUTRAL | The Stochastics value for NNDM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for NNDM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.31 | POSITIVE | The high ADX value value for NNDM suggests a strong 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)
1.6
+0.03 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.91%
1 Week0.63%
2 Weeks15.11%
1 Month18.52%
3 Month-0.62%
6 Month11.89%
12 Month-34.96%
2 Year-39.85%
3 Year-35.48%
5 Year-47.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%4.64%
ATR Inc-1.66%
Range Today0.06
ADR(20)0.07
ADR(20)%4.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.24
Mansfield-2.38
10 Day High1.63
10 Day Low1.37
20 Day High1.63
20 Day Low1.34
52 Week High2.74
52 Week Low1.31
CS1 End1.43
CR1 Start1.61
Volume & EV
DER(3)-5.45%
DER(5)-5.1%
Volume7.29M
Volume Incr32.49%
Vol(5)3.57M
Vol(50)2.27M