Avanti Acquisition Corp (AVAN) Technical Analysis
NYSE:AVAN • KYG0682V1095
Current stock price
AVAN Technical Rating and Analysis
Taking everything into account, AVAN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVAN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, AVAN did better than 87% of all other stocks. On top of that, AVAN also shows a nice and consistent pattern of rising prices.
- AVAN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AVAN is leading the market.
- In the last month AVAN has a been trading in a tight range between 10.00 and 10.05.
- Volume is considerably higher in the last couple of days.
AVAN Weekly and Daily overview Charts
AVAN Setup Rating and Analysis
Although AVAN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
AVAN Support and Resistance Analysis
9.59
When analyzing the support we notice one important area.
- A support zone ranging from 9.69 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.05 to 10.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
AVAN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AVAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVAN is up. |
| ChartMill Relative Strength | 87.2 | POSITIVE | AVAN has a high relative strength, it outperformed 87.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.18 | OVERBOUGHT | The high RSI value suggests AVAN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AVAN has a positive trend. |
| Stochastics (14,3) | 82.44 | OVERBOUGHT | The high Stochastics value suggests AVAN may be overbought. |
| Average True Range in percent/ATR (20) | 0.13 | LOW VOLATILITY | The low ATR as a percentage value for AVAN suggests low volalility. |
| Average Directional Index/ADX (14) | 72.2 | POSITIVE | The high ADX value value for AVAN suggests a strong trend. |
AVAN Chart- and CandleStick Pattern Analysis
AVAN Technicals: Chart, Performance Metrics, Trend & Indicators
10.04
+0.01 (+0.1%)
Avanti Acquisition Corp / AVAN TA FAQ
Can you provide the ChartMill technical rating for Avanti Acquisition Corp?
ChartMill assigns a technical rating of 9 / 10 to AVAN.
What is the trend direction for AVAN stock?
The current trend direction for Avanti Acquisition Corp (AVAN) is Bullish.
What is the RSI signal for AVAN stock?
Avanti Acquisition Corp (AVAN) has an RSI value of 76.1798. This indicates that the stock is currently overbought.
What is the short term momentum for Avanti Acquisition Corp (AVAN) stock?
The short term momentum for Avanti Acquisition Corp (AVAN) is positive.
What is the buy/sell signal for Avanti Acquisition Corp (AVAN) stock?
The buy/sell signal for Avanti Acquisition Corp (AVAN) is buy as both the short term and long term trends are positive.