Nano Dimension Ltd Forecast and Stock Analysis
Technical NNDM stock analysis for February 21, 2019.
Nano Dimension Ltd fell by -0.60% in the last day from $0.83 to $0.83 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 1.21% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -11 926 shares and in total 142 239 shares bought and sold for approximately $117 347.00.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the NNDM stock was $0.83. This is 0.6% less than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 5.98% from a day low at $0.82 to a day high of $0.87.
30 day high of the NNDM stock price was $1.34 and low was $0.71.
90 day high was $1.81 and low was $0.71.
52 week high for the Nano Dimension Ltd - $3.35 and low - $0.71.
Nano Dimension Ltd lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -39.80% during the next 3 months and, with 90% probability hold a price between $0.29 and $0.65 at the end of this period.
There are few to none technical positive signals at the moment. Nano Dimension Ltd holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.84 and $1.07. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
Nano Dimension Ltd finds support from accumulated volume at $0.82.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.05 between high and low, or 5.98%. For the last week the stock has had a daily average volatility of 5.38%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Nano Dimension Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.