ATAI LIFE SCIENCES NV (ATAI) Stock Technical Analysis
NASDAQ:ATAI - Nasdaq - NL0015000DX5 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ATAI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ATAI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ATAI did better than 95% of all other stocks.
ATAI is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 94% of 195 stocks in the same industry.
ATAI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ATAI is performing more or less in line with the market.
ATAI has an average volume of 2140150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ATAI has a been trading in the 1.89 - 2.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ATAI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ATAI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.05
2.59
We found 6 important support areas.
- Support @2.19 from a trend line in the daily time frame.
- A support zone ranging from 2.10 to 2.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.65 from a trend line in the daily time frame.
- Support @1.38 from a trend line in the weekly time frame.
- Support @1.18 from a horizontal line in the daily time frame.
- Support @1.06 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.42 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.55 to 2.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 ATAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATAI is up. |
| ChartMill Relative Strength | 95.88 | POSITIVE | ATAI has a high relative strength, it outperformed 95.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.47 | NEUTRAL | The RSI value for ATAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ATAI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.06 | NEUTRAL | The Stochastics value for ATAI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.01 | HIGH VOLATILITY | The high ATR as a percentage value for ATAI suggests high volalility. |
| Average Directional Index/ADX (14) | 40.57 | POSITIVE | The high ADX value value for ATAI suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 2.43 | 2.18 | 0.25 (10.29%) | 9.72% |
| An entry @2.43. This is a Buy Stop order right above the resistance zone. | An exit @2.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.25 points, which is 10.29%. | When investing 9.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ATAI. 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.
2.33
+0.11 (+4.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg4.95%
1 Week4.48%
2 Weeks-5.67%
1 Month13.66%
3 Month60.69%
6 Month95.8%
12 Month73.88%
2 Year35.47%
3 Year-35.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%8.01%
ATR Inc1.94%
Range Today0.26
ADR(20)0.18
ADR(20)%7.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.88
Mansfield4.71
10 Day High2.55
10 Day Low2.06
20 Day High2.64
20 Day Low1.89
52 Week High2.64
52 Week Low1.03
CS1 End2.19
CR1 Start2.42
Volume & EV
DER(3)7.91%
DER(5)2.46%
Volume3.09M
Volume Incr-30%
Vol(5)2.14M
Vol(50)2.14M