Avanti Acquisition Corp (AVAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AVAN - KYG0682V1095 - Common Stock
Taking everything into account, AVAN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AVAN has proven to be a steady performer, scoring decent points in every aspect analyzed.
AVAN has an excellent technical rating, but the quality of the setup is only medium 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
We found 1 important support 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. |
10.04
+0.01 (+0.1%)
Avanti Acquisition Corp / AVAN 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 current trend direction of Avanti Acquisition Corp (AVAN) stock?
The current trend direction for Avanti Acquisition Corp (AVAN) is Bullish.
Can you provide the RSI signal for Avanti Acquisition Corp?
Avanti Acquisition Corp (AVAN) has an RSI value of 76.1798. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for Avanti Acquisition Corp?
The buy/sell signal for Avanti Acquisition Corp (AVAN) is buy as both the short term and long term trends are positive.
What is the support and resistance level for AVAN stock?
Avanti Acquisition Corp (AVAN) has a support level at 10.02 and a resistance level at 10.05. Check the full technical report for our detailed analysis of AVAN support and resistance levels.