NOVONESIS (NOVOZYMES) B (NZM2.DE) Stock Technical Analysis
FRA:NZM2 • DK0060336014
Overall NZM2 gets a technical rating of 1 out of 10. NZM2 performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, NZM2 is a bad performer in the overall market: 100% of all stocks are doing better.
- NZM2 is part of the Chemicals industry. There are 66 other stocks in this industry, of which 89% are performing better than NZM2.
- In the last month NZM2 has a been trading in the 49.16 - 54.62 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: NZM2 has an average volume of 497 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Volume is considerably higher in the last couple of days.
The technical rating of NZM2 is bad and it also does not present a quality setup 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
49.75
When analyzing the support we notice one important area.
- Support @50.25 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 50.70 to 51.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 56.11 to 57.24. 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 | DOWN | NEGATIVE | The short term trend for NZM2.DE is down. |
| 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) | DOWN | NEGATIVE | The current price of NZM2.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NZM2.DE is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 39.32 | NEUTRAL | The RSI value for NZM2.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests NZM2.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.96 | OVERSOLD | The low Stochastics value suggests NZM2.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for NZM2.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for NZM2.DE suggests a weak or negative trend. |
FRA:NZM2 (2/27/2026, 7:00:00 PM)
50.26
+0.39 (+0.78%)
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 1 / 10 to NZM2.DE.
What is the trend direction for NZM2 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 39.3219. 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 -0.190051, indicating a bearish trend.
What is the buy/sell signal for NZM2 stock?
The buy/sell signal for NOVONESIS (NOVOZYMES) B (NZM2.DE) is hold as the short term and long term trends are mixed.