Union Acquisition Corp II WT (LATNW) Stock Technical Analysis
NASDAQ:LATNW - Nasdaq -
Taking everything into account, LATNW scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LATNW is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
LATNW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that LATNW is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
LATNW is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
LATNW 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
0.72
1.18
4 important support areas can be observed.
- A support zone ranging from 1.08 to 1.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.80 to 0.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.78 from a trend line in the daily time frame.
- Support @0.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.15 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.27
Mansfield2.3
10 Day High1.18
10 Day Low0.9
20 Day High1.18
20 Day Low0.72
52 Week High1.65
52 Week Low0.35
Performance
1 Week-5.98%
2 Weeks21.82%
1 Month42.88%
3 Month17.07%
6 Month57.14%
12 Month25.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)70.11
LBB0.82
UBB1.24
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.18 | 1.07 | 0.11 (9.32%) | 10.73% |
| An entry @1.18. This is a Buy Stop order right above the resistance zone. | An exit @1.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 9.32%. | For a 1.00% total portfolio risk, you can invest 10.73% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LATNW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.1
-0.01 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.12%
1 Week-5.98%
2 Weeks21.82%
1 Month42.88%
3 Month17.07%
6 Month57.14%
12 Month25.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%8.14%
ATR Inc161.95%
Range Today0.22
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
CRS70.27
Mansfield2.3
10 Day High1.18
10 Day Low0.9
20 Day High1.18
20 Day Low0.72
52 Week High1.65
52 Week Low0.35
CS1 End1.09
CR1 Start1.15
Volume & EV
DER(3)-0.34%
DER(5)6%
Volume170.40K
Volume Incr166.63%
Vol(5)487.76K
Vol(50)152.30K