Wednesday December 11, 2019 Change -1.78% Price $2.68
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
Bullish vs. Bearish (2 opinions)
100%
0%
Social Sentiment 0.32

NNDM Forecast and Technical Stock Analysis


Hold candidate since 2019-12-11 PDF

Nano Dimension Ltd fell by -1.78% in the last day ( Wednesday, 11th Dec 2019 ) from $2.72 to $2.68 and has now fallen 3 days in a row. During the day the stock fluctuated 3.76% from a day low at $2.63 to a day high of $2.73. The price has risen in 6 of the last 10 days and is up by 1.52% 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 -17 520 shares and in total 12 703 shares bought and sold for approximately $33 980.50.

Quick summary:

  • 30 day high of the NNDM stock price was $3.06 and low was $2.55.
  • 90 day high was $4.86 and low was $0.28.
  • 52 week high for Nano Dimension Ltd - $4.86 and low - $0.27.
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Trend

Nano Dimension Ltd lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $2.15 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 204.67% during the next 3 months and, with 90% probability hold a price between $6.56 and $15.70 at the end of this period.

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Signals

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 $2.74 and $2.89. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday December 09, 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. The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Friday November 29, 2019 and based on theory for this formation the price should go up by 0.08% to $2.69 within 10 trading days since signal was issued (Friday December 13, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 49 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Nano Dimension Ltd finds support from accumulated volume at $2.64.

Support: $2.64 Price: $2.68 Resistance: $2.87

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stop-loss: $2.50 (-6.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)

6.27 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Nano Dimension Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate candidate.

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