RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NNDM
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Evaluation of Nano Dimension stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Nano Dimension stock price fell by -0.536% on the last day (Thursday, 28th Mar 2024) from $2.80 to $2.79. During the last trading day the stock fluctuated 3.37% from a day low at $2.77 to a day high of $2.87. The price has been going up and down for this period, and there has been a -0.18% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -61 thousand shares and in total, 1 million shares were bought and sold for approximately $3.12 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.08% during the next 3 months and, with a 90% probability hold a price between $3.56 and $4.07 at the end of this 3-month period.

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NNDM Signals & Forecast

The Nano Dimension stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.76 and $2.77. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -5.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Nano Dimension stock

Nano Dimension finds support from accumulated volume at $2.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0935 between high and low, or 3.37%. For the last week, the stock has had daily average volatility of 3.66%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NNDM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nano Dimension Ltd to open at $2.81, and during the day (based on 14 day Average True Range), to move between $2.66 and $2.91, which gives a possible trading interval of +/-$0.125 (+/-4.49%) up or down from last closing price. If Nano Dimension Ltd takes out the full calculated possible swing range there will be an estimated 8.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.84 (1.97%) than the support at $2.69 (3.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nano Dimension Ltd stock A Buy?

Nano Dimension holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.024 Sell Candidate Downgraded

Predicted Opening Price for Nano Dimension Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.81 ( 0.82%) $2.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NNDM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.90 4.18 %
R2 2.87 2.89 %
R1 2.84 2.10 %
Current price: 2.79
Support S1 2.77 -0.463 %
S2 2.75 -1.25 %
S3 2.71 -2.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.92 4.85 %
R2 2.88 3.41 %
R1 2.84 1.97 %
Current price 2.79
Support S1 2.69 -3.41%
S2 2.40 -13.82%
S3 2.29 -17.77%

FAQ

What is the symbol for Nano Dimension Stock and on which exchange is it traded?
The symbol for Nano Dimension is NNDM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Nano Dimension Stock?
Nano Dimension holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Nano Dimension Stock?
Nano Dimension Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nano Dimension Stock.

What's the current price of Nano Dimension Stock?
As of the end of day on the 2024-03-28, the price of an Nano Dimension (NNDM) share was $2.79.

What is the 52-week high and low for Nano Dimension Stock?
The 52-week high for Nano Dimension Stock is $3.35 and the 52-week low is $2.06.

What is the market capitalization of Nano Dimension Stock?
As of the 2024-03-28, the market capitalization of Nano Dimension is 646.544M.

When is the next earnings date for Nano Dimension?
The upcoming earnings date for Nano Dimension is Apr 08, 2024.
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About Nano Dimension Ltd

Nano Dimension Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. The company's flagship product is DragonFly IV system that serves cross-industry High-Performance-Electronic-Devices' fabrication needs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components. It also provides nanotechnolo... NNDM Profile

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