Avanti Acquisition Corp (AVAN) Stock Technical Analysis
NYSE:AVAN - New York Stock Exchange, Inc. - KYG0682V1095 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to AVAN. 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.
The long and short term trends are both positive. This is looking good!
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 however is also trading near new highs, which makes the performance in line with 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.
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
9.59
10.15
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.
When analyzing the resistance we notice one important 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.04
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week0.2%
2 Weeks0.4%
1 Month0.4%
3 Month1.21%
6 Month1.52%
12 Month2.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%0.13%
ATR Inc45.06%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.2
Mansfield1.51
10 Day High10.05
10 Day Low10
20 Day High10.05
20 Day Low10
52 Week High10.05
52 Week Low9.77
CS1 End10.02
CR1 Start10.05
Volume & EV
DER(3)0.86%
DER(5)0.53%
Volume7.65M
Volume Incr1247.46%
Vol(5)1.60M
Vol(50)269.39K