ZANITE ACQUISITION CORP-CL A (ZNTE) Technical Analysis
NASDAQ:ZNTE • US98907K1034
Current stock price
ZNTE Technical Rating and Analysis
Taking everything into account, ZNTE scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ZNTE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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!
- Looking at the yearly performance, ZNTE did better than 92% of all other stocks.
- ZNTE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ZNTE has a been trading in the 9.44 - 11.50 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ZNTE Weekly and Daily overview Charts
ZNTE Setup Rating and Analysis
Although ZNTE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ZNTE Support and Resistance Analysis
9.79
We found 1 important support area.
- A support zone ranging from 9.89 to 10.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ZNTE 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 | UP | POSITIVE | The long term trend for ZNTE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZNTE is neutral. |
| ChartMill Relative Strength | 92.12 | POSITIVE | ZNTE has a high relative strength, it outperformed 92.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZNTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZNTE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZNTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.15 | OVERBOUGHT | The high RSI value suggests ZNTE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ZNTE has a positive trend. |
| Stochastics (14,3) | 72.73 | NEUTRAL | The Stochastics value for ZNTE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for ZNTE suggests low volalility. |
ZNTE Chart- and CandleStick Pattern Analysis
ZNTE Technicals: Chart, Performance Metrics, Trend & Indicators
11.32
+1.16 (+11.42%)
ZANITE ACQUISITION CORP-CL A / ZNTE TA FAQ
Can you provide the ChartMill technical rating for ZANITE ACQUISITION CORP-CL A?
ChartMill assigns a technical rating of 7 / 10 to ZNTE.
What is the trend direction for ZNTE stock?
The current trend direction for ZANITE ACQUISITION CORP-CL A (ZNTE) is Bullish.
What is the RSI signal for ZANITE ACQUISITION CORP-CL A (ZNTE) stock?
ZANITE ACQUISITION CORP-CL A (ZNTE) has an RSI value of 75.1528. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ZANITE ACQUISITION CORP-CL A?
The MACD indicator for ZANITE ACQUISITION CORP-CL A (ZNTE) has a value of 0.0635329, indicating a bearish trend.
Can you provide the support and resistance levels for ZANITE ACQUISITION CORP-CL A?
ZANITE ACQUISITION CORP-CL A (ZNTE) has a support level at 10.39. Check the full technical report for our detailed analysis of ZNTE support and resistance levels.