Taking everything into account, NNDM scores 2 out of 10 in our technical rating. In the last year, NNDM was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
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.
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1.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.56 to 1.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.49 from a trend line in the daily time frame.
- Support @1.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.76 from a trend line in the daily time frame.
- A resistance zone ranging from 1.83 to 1.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.26 from a trend line in the weekly time frame.
- Resistance @2.42 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 | NEUTRAL | NEUTRAL | The long term trend for NNDM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NNDM is neutral. |
| ChartMill Relative Strength | 17.3 | NEGATIVE | NNDM has a low relative strength, it was outperformed by 82.7% 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 | MIXED | The current price of NNDM is above a declining 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) | 51.32 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 43.18 | NEUTRAL | The Stochastics value for NNDM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for NNDM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.53 | NEGATIVE | The low ADX value for NNDM suggests a weak or negative trend. |
1.69
+0.01 (+0.6%)
NANO DIMENSION LTD - ADR / NNDM FAQ
What is the technical rating for NNDM stock?
ChartMill assigns a technical rating of 2 / 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 51.3204. 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 1.56 and a resistance level at 1.76. Check the full technical report for our detailed analysis of NNDM support and resistance levels.