Nano Dimension Ltd Forecast and Stock Analysis
Technical NNDM stock analysis for April 25, 2019.
Nano Dimension Ltd fell by -0.74% in the last day from $0.76 to $0.75 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -0.15% for this period. 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 -29 127 shares and in total 13 690 shares bought and sold for approximately $10 320.90.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the NNDM stock was $0.75. This is 0.74% less than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 6.73% from a day low at $0.74 to a day high of $0.79.
30 day high of the NNDM stock price was $0.81 and low was $0.67.
90 day high was $1.32 and low was $0.67.
52 week high for the Nano Dimension Ltd - $3.35 and low - $0.67.
Nano Dimension Ltd lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.58% during the next 3 months and, with 90% probability hold a price between $0.45 and $0.59 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Nano Dimension Ltd holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.76. On a fall, the stock will find some support from the short-term average at $0.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Tuesday April 23, 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.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Nano Dimension Ltd finds support from accumulated volume at $0.75.
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 6.73%. For the last week the stock has had a daily average volatility of 6.51%.
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 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|NNDM $0.75 ($-0.01 -0.74%)|
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