Technical Analysis for NAAS - NaaS Technology Inc.

Grade Last Price % Change Price Change
F 1.59 -9.14% -0.16
NAAS closed down 9.14 percent on Wednesday, July 3, 2024, on 3.2 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Extremely Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Volume Surge Other 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 7 hours ago
60 Minute Opening Range Breakdown about 8 hours ago
Down 10% about 10 hours ago
2x Volume Pace about 11 hours ago
1.5x Volume Pace about 11 hours ago

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Profile

NaaS Technology Inc. is one of the largest and fastest growing electric vehicle ("EV") charging service providers in China. The Company's vision is to power the world with carbon neutral energy. The Company's EV charging services began in 2019, and the Company has established and maintains the largest EV charging network in China in terms of the charging volume transacted through its charging network for third-party charging station operators, and the number of public DCFCs (meaning direct current fast charger with 30kW power output or more) connected to its network, according to China Insights Industry Consultancy Limited, an independent research firm.
Classification

Sector: Consumer Defensive
Industry: Education & Training Services
Keywords: Transport Electric Vehicle Charging Station Electric Vehicle Charging Network International Electrotechnical Commission

Is NAAS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 146.6
52 Week Low 1.53
Average Volume 92,795
200-Day Moving Average 33.88
50-Day Moving Average 10.30
20-Day Moving Average 5.27
10-Day Moving Average 3.46
Average True Range 0.82
RSI (14) 3.85
ADX 83.04
+DI 0.48
-DI 65.95
Chandelier Exit (Long, 3 ATRs) 5.95
Chandelier Exit (Short, 3 ATRs) 3.98
Upper Bollinger Bands 9.73
Lower Bollinger Band 0.81
Percent B (%b) 0.09
BandWidth 169.36
MACD Line -2.37
MACD Signal Line -2.27
MACD Histogram -0.0938
Fundamentals Value
Market Cap 388.84 Million
Num Shares 245 Million
EPS -0.45
Price-to-Earnings (P/E) Ratio -3.53
Price-to-Sales 1.54
Price-to-Book 20.01
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.97
Resistance 3 (R3) 1.99 1.89 1.91
Resistance 2 (R2) 1.89 1.79 1.88 1.89
Resistance 1 (R1) 1.74 1.73 1.69 1.72 1.86
Pivot Point 1.63 1.63 1.61 1.62 1.63
Support 1 (S1) 1.49 1.54 1.43 1.46 1.32
Support 2 (S2) 1.38 1.48 1.37 1.29
Support 3 (S3) 1.23 1.38 1.27
Support 4 (S4) 1.21