NANO DIMENSION - Daily - Technical analysis published on 10/22/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 6.34 USD
My targets
5.42 USD (-5.41%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NANO DIMENSION. As long as you are under the resistance located at 6.34 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.42 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 6.34 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5
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Additional analysis
Quotes
NANO DIMENSION rating 5.73 USD. The price is lower by -1.88% since the last closing with the lowest point at 5.71 USD and the highest point at 5.95 USD. The deviation from the price is +0.35% for the low point and -3.70% for the high point.5.71
5.95
5.73
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of NANO DIMENSION in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.42 | 5.73 | 8.86 | 11.48 | 13.74 |
| Change (%) | -5.41% | - | +54.62% | +100.35% | +139.79% |
| Change | -0.31 | - | +3.13 | +5.75 | +8.01 |
| Level | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.40 | 5.56 | 5.64 | 5.80 | 5.88 | 6.04 | 6.12 |
| Camarilla | 5.66 | 5.69 | 5.71 | 5.73 | 5.75 | 5.77 | 5.80 |
| Woodie | 5.37 | 5.54 | 5.61 | 5.78 | 5.85 | 6.02 | 6.09 |
| Fibonacci | 5.56 | 5.65 | 5.71 | 5.80 | 5.89 | 5.95 | 6.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.21 | 5.36 | 5.48 | 5.63 | 5.75 | 5.90 | 6.02 |
| Camarilla | 5.53 | 5.55 | 5.58 | 5.60 | 5.63 | 5.65 | 5.67 |
| Woodie | 5.20 | 5.35 | 5.47 | 5.62 | 5.74 | 5.89 | 6.01 |
| Fibonacci | 5.36 | 5.46 | 5.53 | 5.63 | 5.73 | 5.80 | 5.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.16 | 4.85 | 5.25 | 5.94 | 6.34 | 7.03 | 7.43 |
| Camarilla | 5.34 | 5.44 | 5.54 | 5.64 | 5.74 | 5.84 | 5.94 |
| Woodie | 4.01 | 4.78 | 5.10 | 5.87 | 6.19 | 6.96 | 7.28 |
| Fibonacci | 4.85 | 5.27 | 5.53 | 5.94 | 6.36 | 6.62 | 7.03 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.66 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | 3.03 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 5.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.39 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 6.24 | |
| Zig ZAG (10): | 5.73 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 77.07 | |
| TEMA (21): | 5.68 | |
| Williams %R (14): | -39.68 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | -1.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 0.43 |
| MA7: | 5.71 | |
| MA20: | 5.68 | |
| MA50: | 5.88 | |
| MA100: | 6.56 | |
| MAexp7: | 5.72 | |
| MAexp20: | 5.73 | |
| MAexp50: | 5.96 | |
| MAexp100: | 6.42 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +0.88% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | -12.65% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -3.86% | |
| Price / MAexp100: | -10.75% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on NANO DIMENSION at the time of the generation of this analysis was as follows:
- Nano Dimension Reports 2018 First Quarter Financial Results
- Nano Dimension Appoints Dr. Jaim Nulman as Chief Technology Officer
- Nano Dimension Reports First Quarter 2018 Preliminary Results and Announces First Quarter Conference Call
- Nano Dimension’s Multi-Material 3D Printing Inks Earn Technical Development Materials Award from IDTechEx
- Nano Dimension Expands Asia-Pacific Market Coverage with 3D Printer Sales, New Resellers and Appointment of Hong Kong Based Regional Sales Leader
This member declared not having a position on this financial instrument or a related financial instrument.
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