NANO DIMENSION - Daily - Technical analysis published on 03/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 3.29 USD
My targets
3.03 USD (-3.90%)
2.89 USD (-8.16%)
My analysis
NANO DIMENSION is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.29 USD. The next support located at 3.03 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.89 USD. Below this support, sellers could then target 2.51 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.3
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Additional analysis
Quotes
NANO DIMENSION rating 3.15 USD. The price is lower by -1.56% since the last closing and was traded between 3.12 USD and 3.26 USD over the period. The price is currently at +0.96% from its lowest and -3.37% from its highest.3.12
3.26
3.15
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NANO DIMENSION in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.15 | 3.29 | 3.94 | 5.38 |
| Change (%) | - | +4.44% | +25.08% | +70.79% |
| Change | - | +0.14 | +0.79 | +2.23 |
| Level | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.93 | 3.05 | 3.12 | 3.24 | 3.31 | 3.43 | 3.50 |
| Camarilla | 3.15 | 3.17 | 3.18 | 3.20 | 3.22 | 3.24 | 3.25 |
| Woodie | 2.92 | 3.04 | 3.11 | 3.23 | 3.30 | 3.42 | 3.49 |
| Fibonacci | 3.05 | 3.12 | 3.16 | 3.24 | 3.31 | 3.35 | 3.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.63 | 2.89 | 3.05 | 3.31 | 3.47 | 3.73 | 3.89 |
| Camarilla | 3.09 | 3.12 | 3.16 | 3.20 | 3.24 | 3.28 | 3.32 |
| Woodie | 2.57 | 2.87 | 2.99 | 3.29 | 3.41 | 3.71 | 3.83 |
| Fibonacci | 2.89 | 3.05 | 3.15 | 3.31 | 3.47 | 3.57 | 3.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.95 | 2.51 | 3.03 | 3.59 | 4.11 | 4.67 | 5.19 |
| Camarilla | 3.24 | 3.34 | 3.44 | 3.54 | 3.64 | 3.74 | 3.84 |
| Woodie | 1.92 | 2.50 | 3.00 | 3.58 | 4.08 | 4.66 | 5.16 |
| Fibonacci | 2.51 | 2.93 | 3.18 | 3.59 | 4.01 | 4.26 | 4.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.75 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -14.99 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 3.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.58 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 3.87 | |
| Zig ZAG (10): | 3.21 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 16.19 | |
| TEMA (21): | 3.40 | |
| Williams %R (14): | -87.37 | |
| Chande Momentum Oscillator (20): | -0.75 | |
| Repulse (5,40,3): | -5.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 24.13 |
| MA7: | 3.43 | |
| MA20: | 3.61 | |
| MA50: | 3.65 | |
| MA100: | 4.42 | |
| MAexp7: | 3.40 | |
| MAexp20: | 3.54 | |
| MAexp50: | 3.77 | |
| MAexp100: | 4.34 | |
| Price / MA7: | -8.16% | |
| Price / MA20: | -12.74% | |
| Price / MA50: | -13.70% | |
| Price / MA100: | -28.73% | |
| Price / MAexp7: | -7.35% | |
| Price / MAexp20: | -11.02% | |
| Price / MAexp50: | -16.45% | |
| Price / MAexp100: | -27.42% |
Quotes :
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15 min delayed data
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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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