We assign a technical rating of 7 out of 10 to LATNW. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- 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.
- Looking at the yearly performance, LATNW did better than 70% of all other 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. The S&P500 Index however is currently trading near new highs, so LATNW is lagging the market.
Although LATNW 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
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When analyzing the support we can see 4 important areas.
- 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.
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 LATNW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LATNW is neutral. |
| ChartMill Relative Strength | 70.27 | POSITIVE | LATNW has a high relative strength, it outperformed 70.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LATNW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LATNW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LATNW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.11 | OVERBOUGHT | The high RSI value suggests LATNW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LATNW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.05 | OVERBOUGHT | The high Stochastics value suggests LATNW may be overbought. |
| Average True Range in percent/ATR (20) | 8.14 | HIGH VOLATILITY | The high ATR as a percentage value for LATNW suggests high volalility. |
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.
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Union Acquisition Corp II WT / LATNW FAQ
What is the technical rating for LATNW stock?
ChartMill assigns a technical rating of 7 / 10 to LATNW.
Can you provide the trend direction for Union Acquisition Corp II WT?
The current trend direction for Union Acquisition Corp II WT (LATNW) is Bullish.
What is the RSI signal for Union Acquisition Corp II WT (LATNW) stock?
Union Acquisition Corp II WT (LATNW) has an RSI value of 70.1124. This indicates that the stock is currently overbought.
What is the MACD signal for LATNW stock?
The MACD indicator for Union Acquisition Corp II WT (LATNW) has a value of 0.0168691, indicating a bearish trend.
What is the short term momentum for LATNW stock?
The short term momentum for Union Acquisition Corp II WT (LATNW) is neutral.