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How Will the Market React to Nano Dimension Ltd - ADR (NNDM) Stock Getting a Bearish Rating

Monday, December 14, 2020 11:05 AM | InvestorsObserver Analysts
How Will the Market React to Nano Dimension Ltd - ADR (NNDM) Stock Getting a Bearish Rating

Overall market sentiment has been down on Nano Dimension Ltd - ADR (NNDM) stock lately. NNDM receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Nano Dimension Ltd - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NNDM!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NNDM Stock Today?

Nano Dimension Ltd - ADR (NNDM) stock is trading at $6.70 as of 10:58 AM on Monday, Dec 14, a rise of $0.56, or 9.12% from the previous closing price of $6.14. The stock has traded between $6.27 and $6.85 so far today. Volume today is below average. So far 10,441,133 shares have traded compared to average volume of 23,656,019 shares.

To screen for more stocks like Nano Dimension Ltd - ADR click here.

More About Nano Dimension Ltd - ADR

Nano Dimension Ltd is engaged in research and development of a three dimensional printer that prints prototypes for electronic circuits and development of nanotechnology based conductive ink, which are products that are necessary to the 3-D printer.

Click Here to get the full Stock Score Report on Nano Dimension Ltd - ADR (NNDM) Stock.

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