Nano Dimension Stock Technical Analysis

NNDM Stock  USD 2.51  0.05  2.03%   
As of the 24th of April, Nano Dimension secures the Risk Adjusted Performance of 0.0535, downside deviation of 2.91, and Mean Deviation of 2.09. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nano Dimension, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down nineteen technical drivers for Nano Dimension, which can be compared to its peers in the industry. Please verify Nano Dimension standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Nano Dimension is priced some-what accurately, providing market reflects its recent price of 2.51 per share. Please also check out Nano Dimension total risk alpha, which is currently at (0.17) to check the company can sustain itself at a future point.

Nano Dimension Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nano, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nano
  
Nano Dimension's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Nano Dimension Analyst Consensus

Target PriceAdvice# of Analysts
10.0Strong Buy1Odds
Nano Dimension current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nano analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nano stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nano Dimension, talking to its executives and customers, or listening to Nano conference calls.
Nano Analyst Advice Details
Nano Dimension technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nano Dimension technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nano Dimension trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nano Dimension Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nano Dimension volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nano Dimension Trend Analysis

Use this graph to draw trend lines for Nano Dimension. You can use it to identify possible trend reversals for Nano Dimension as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nano Dimension price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nano Dimension Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nano Dimension applied against its price change over selected period. The best fit line has a slop of   0.0009  , which means Nano Dimension will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.03, which is the sum of squared deviations for the predicted Nano Dimension price change compared to its average price change.

About Nano Dimension Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nano Dimension on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nano Dimension based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nano Dimension price pattern first instead of the macroeconomic environment surrounding Nano Dimension. By analyzing Nano Dimension's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nano Dimension's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nano Dimension specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Payables Turnover3.317.956.576.9
Days Of Inventory On Hand436.2239.37217.54414.68

Nano Dimension April 24, 2024 Technical Indicators

Most technical analysis of Nano help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nano from various momentum indicators to cycle indicators. When you analyze Nano charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Nano Dimension is a strong investment it is important to analyze Nano Dimension's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nano Dimension's future performance. For an informed investment choice regarding Nano Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano Dimension. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
To learn how to invest in Nano Stock, please use our How to Invest in Nano Dimension guide.
Note that the Nano Dimension information on this page should be used as a complementary analysis to other Nano Dimension's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Nano Stock analysis

When running Nano Dimension's price analysis, check to measure Nano Dimension's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nano Dimension is operating at the current time. Most of Nano Dimension's value examination focuses on studying past and present price action to predict the probability of Nano Dimension's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nano Dimension's price. Additionally, you may evaluate how the addition of Nano Dimension to your portfolios can decrease your overall portfolio volatility.
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Is Nano Dimension's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nano Dimension. If investors know Nano will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nano Dimension listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.22)
Revenue Per Share
0.227
Quarterly Revenue Growth
0.099
Return On Assets
(0.07)
Return On Equity
(0.05)
The market value of Nano Dimension is measured differently than its book value, which is the value of Nano that is recorded on the company's balance sheet. Investors also form their own opinion of Nano Dimension's value that differs from its market value or its book value, called intrinsic value, which is Nano Dimension's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nano Dimension's market value can be influenced by many factors that don't directly affect Nano Dimension's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nano Dimension's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nano Dimension is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nano Dimension's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.