ATLANTIC INTERNATIONAL CORP (ATLN) Stock Technical Analysis
NASDAQ:ATLN - Nasdaq - US0485921094 - Common Stock - Currency: USD
Taking everything into account, ATLN scores 0 out of 10 in our technical rating. ATLN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, ATLN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.70. Right above this resistance zone may be a good entry point.
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2.09
When analyzing the support we can see 2 important areas.
- Support @2.33 from a horizontal line in the weekly time frame.
- Support @2.11 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.70 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ATLN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATLN is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ATLN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATLN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATLN is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 44.37 | NEUTRAL | The RSI value for ATLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ATLN has a positive trend. |
| Stochastics (14,3) | 55.86 | NEUTRAL | The Stochastics value for ATLN is a neutral value. |
| Average True Range in percent/ATR (20) | 14.99 | HIGH VOLATILITY | The high ATR as a percentage value for ATLN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.4 | NEGATIVE | The low ADX value for ATLN suggests a weak or negative trend. |
2.69
-0.08 (-2.89%)