We assign a technical rating of 5 out of 10 to LATG. In the last year, LATG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, LATG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for LATG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.78
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.91 to 11.91. 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 | NEUTRAL | NEUTRAL | The long term trend for LATG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LATG is neutral. |
| ChartMill Relative Strength | 62.04 | NEUTRAL | LATG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LATG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LATG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LATG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.97 | NEUTRAL | The RSI value for LATG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests LATG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.67 | NEUTRAL | The Stochastics value for LATG is a neutral value. |
| Average True Range in percent/ATR (20) | 19.47 | HIGH VOLATILITY | The high ATR as a percentage value for LATG suggests high volalility. |
| Average Directional Index/ADX (14) | 33.86 | POSITIVE | The high ADX value value for LATG suggests a strong trend. |
11.9
+3.4 (+40%)
CHENGHE ACQUISITION I CO / LATG FAQ
Can you provide the ChartMill technical rating for CHENGHE ACQUISITION I CO?
ChartMill assigns a technical rating of 5 / 10 to LATG.
What is the trend direction for LATG stock?
The current trend direction for CHENGHE ACQUISITION I CO (LATG) is Bearish.
Can you provide the RSI signal for CHENGHE ACQUISITION I CO?
CHENGHE ACQUISITION I CO (LATG) has an RSI value of 55.9679. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHENGHE ACQUISITION I CO?
The short term momentum for CHENGHE ACQUISITION I CO (LATG) is neutral.