LNZA Technical Analysis - LANZATECH GLOBAL INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to LNZA. LNZA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

99% of all other stocks performed better in the past year than LNZA.

LNZA is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 86% are performing better than LNZA.

LNZA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

LNZA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

LNZA has an average volume of 1375200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LANZATECH GLOBAL INC / LNZA Weekly stock chart

LANZATECH GLOBAL INC / LNZA Daily stock chart

Setup Rating and Analysis

The technical rating of LNZA is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.67

24.41

When analyzing the support we notice one important area.

A support zone ranging from 18.86 to 19.10. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 19.42 to 19.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @21.04 from a trend line in the daily time frame.
Resistance @22.83 from a trend line in the daily time frame.
Resistance @24.17 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for LNZA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LNZA is down.
ChartMill Relative Strength	1.57	NEGATIVE	LNZA has a low relative strength, it was outperformed by 98.43% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LNZA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of LNZA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LNZA is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.27	NEUTRAL	The RSI value for LNZA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.38	POSITIVE	The MACD value suggests LNZA has a positive trend.
Stochastics (14,3)	21.12	NEUTRAL	The Stochastics value for LNZA is a neutral value.
Average True Range in percent/ATR (20)	9.21	HIGH VOLATILITY	The high ATR as a percentage value for LNZA suggests high volalility.
Average Directional Index/ADX (14)	16.32	NEGATIVE	The low ADX value for LNZA suggests a weak or negative trend.