ZANITE ACQUISITION CORP-CL A (ZNTE) Stock Technical Analysis
NASDAQ:ZNTE - Nasdaq - US98907K1034 - Common Stock
We assign a technical rating of 8 out of 10 to ZNTE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZNTE is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ZNTE did better than 92% of all other stocks.
A new 52 week high is currently being made by ZNTE, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so ZNTE is leading 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.
Although ZNTE has an excellent technical rating, it does not offer a high quality setup 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
9.79
11.43
When analyzing the support we notice one important 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.12
Mansfield2.35
10 Day High11.5
10 Day Low9.44
20 Day High11.5
20 Day Low9.44
52 Week High11.5
52 Week Low9.44
Performance
1 Week10.12%
2 Weeks10.12%
1 Month10.17%
3 Month10.87%
6 Month11.42%
12 Month12.86%
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)0.06
RSI(14)75.15
LBB9.7
UBB10.92
11.32
+1.16 (+11.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg11.42%
1 Week10.12%
2 Weeks10.12%
1 Month10.17%
3 Month10.87%
6 Month11.42%
12 Month12.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.83%
ATR Inc504.05%
Range Today0.76
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
CRS92.12
Mansfield2.35
10 Day High11.5
10 Day Low9.44
20 Day High11.5
20 Day Low9.44
52 Week High11.5
52 Week Low9.44
CS1 End10.39
CR1 StartN/A
Volume & EV
DER(3)1.07%
DER(5)0.91%
Volume1.29M
Volume Incr146.79%
Vol(5)738.40K
Vol(50)247.55K