NANO-X IMAGING LTD (NNOX) Stock Technical Analysis
USA - NASDAQ:NNOX - IL0011681371 - Common Stock
Taking everything into account, NNOX scores 1 out of 10 in our technical rating. NNOX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, NNOX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.69, a Stop Loss order could be placed below this zone.
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3.64
When analyzing the support we notice one important area.
- A support zone ranging from 3.68 to 3.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 4.04 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.38 from a horizontal line in the daily time frame.
- Resistance @4.92 from a trend line in the daily time frame.
- Resistance @5.79 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 NNOX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NNOX is neutral. |
| ChartMill Relative Strength | 8.77 | NEGATIVE | NNOX has a low relative strength, it was outperformed by 91.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NNOX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NNOX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NNOX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.52 | NEUTRAL | The RSI value for NNOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NNOX has a negative trend. |
| Stochastics (14,3) | 23.59 | NEUTRAL | The Stochastics value for NNOX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for NNOX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.13 | NEGATIVE | The low ADX value for NNOX suggests a weak or negative trend. |
3.89
-0.14 (-3.47%)
NANO-X IMAGING LTD / NNOX FAQ
Can you provide the ChartMill technical rating for NANO-X IMAGING LTD?
ChartMill assigns a technical rating of 1 / 10 to NNOX.
What is the current trend direction of NANO-X IMAGING LTD (NNOX) stock?
The current trend direction for NANO-X IMAGING LTD (NNOX) is Bearish.
What is the RSI signal for NANO-X IMAGING LTD (NNOX) stock?
NANO-X IMAGING LTD (NNOX) has an RSI value of 45.5231. This indicates that the stock is currently neutral.
What is the short term momentum for NANO-X IMAGING LTD (NNOX) stock?
The short term momentum for NANO-X IMAGING LTD (NNOX) is neutral.