Taking everything into account, LATN scores 0 out of 10 in our technical rating. LATN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, LATN is a bad performer in the overall market: 76% of all stocks are doing better.
- LATN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month LATN has a been trading in the 7.99 - 11.01 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Volume is considerably higher in the last couple of days.
LATN has a poor technical rating and the quality of the setup is also not perfect 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
9.75
We found 1 important support area.
- Strong support @9.85 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.89 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.50 to 10.53. 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 LATN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LATN is down. |
| ChartMill Relative Strength | 24.44 | NEGATIVE | LATN has a low relative strength, it was outperformed by 75.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LATN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LATN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LATN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.66 | NEUTRAL | The RSI value for LATN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests LATN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.72 | NEUTRAL | The Stochastics value for LATN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for LATN suggests some volalility. |
9.86
+0.61 (+6.59%)
Union Acquisition Corp II / LATN FAQ
What is the ChartMill technical rating of Union Acquisition Corp II (LATN) stock?
ChartMill assigns a technical rating of 0 / 10 to LATN.
What is the trend direction for LATN stock?
The current trend direction for Union Acquisition Corp II (LATN) is Bearish.
What is the RSI signal for Union Acquisition Corp II (LATN) stock?
Union Acquisition Corp II (LATN) has an RSI value of 45.6633. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Union Acquisition Corp II?
The MACD indicator for Union Acquisition Corp II (LATN) has a value of -0.0761404, indicating a bearish trend.
What is the support and resistance level for LATN stock?
Union Acquisition Corp II (LATN) has a support level at 9.85 and a resistance level at 9.89. Check the full technical report for our detailed analysis of LATN support and resistance levels.