NOVONESIS (NOVOZYMES) B (NZM2.DE) Stock Technical Analysis
Europe - FRA:NZM2 - DK0060336014 - Common Stock
We assign a technical rating of 4 out of 10 to NZM2. NZM2 has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
NZM2 has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 51.93, a Stop Loss order could be placed below this zone.
More info and screens
50.70
We found 1 important support area.
- A support zone ranging from 51.21 to 51.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.72 to 55.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NZM2.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NZM2.DE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | NZM2.DE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NZM2.DE is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 43.18 | NEUTRAL | The RSI value for NZM2.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.07 | NEGATIVE | The MACD value suggests NZM2.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.88 | OVERSOLD | The low Stochastics value suggests NZM2.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for NZM2.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 31.03 | POSITIVE | The high ADX value value for NZM2.DE suggests a strong trend. |
FRA:NZM2 (11/5/2025, 7:00:00 PM)
51.94
+0.72 (+1.41%)
NOVONESIS (NOVOZYMES) B / NZM2.DE FAQ
What is the ChartMill technical rating of NOVONESIS (NOVOZYMES) B (NZM2.DE) stock?
ChartMill assigns a technical rating of 4 / 10 to NZM2.DE.
What is the current trend direction of NOVONESIS (NOVOZYMES) B (NZM2.DE) stock?
The current trend direction for NOVONESIS (NOVOZYMES) B (NZM2.DE) is Bullish.
What is the RSI signal for NZM2 stock?
NOVONESIS (NOVOZYMES) B (NZM2.DE) has an RSI value of 43.1784. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NOVONESIS (NOVOZYMES) B?
The MACD indicator for NOVONESIS (NOVOZYMES) B (NZM2.DE) has a value of -2.07039, indicating a bearish trend.
What is the short term momentum for NZM2 stock?
The short term momentum for NOVONESIS (NOVOZYMES) B (NZM2.DE) is positive.