ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
USA - NASDAQ:ATLX - US1058613068 - Common Stock
4.8 USD
+0.43 (+9.84%)
4.84 USD
+0.04 (+0.83%)
Taking everything into account, ATLX scores 0 out of 10 in our technical rating. ATLX'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
87% of all other stocks performed better in the past year than ATLX.
ATLX is one of the lesser performing stocks in the Metals & Mining industry. 88% of 154 stocks in the same industry do better.
ATLX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ATLX is lagging the market.
In the last month ATLX has a been trading in the 4.05 - 6.58 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
ATLX has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
3.64
5.74
We found 3 important support areas.
- Support @4.36 from a horizontal line in the weekly time frame.
- Support @4.25 from a horizontal line in the daily time frame.
- Support @3.68 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.81 to 4.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.45 from a trend line in the weekly time frame.
- Resistance @5.68 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ATLX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ATLX is neutral. |
| ChartMill Relative Strength | 13.07 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 86.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATLX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ATLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.58 | NEUTRAL | The RSI value for ATLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ATLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.53 | NEUTRAL | The Stochastics value for ATLX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.52 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.28 | NEGATIVE | The low ADX value for ATLX suggests a weak or negative 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)
4.8
+0.43 (+9.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg9.84%
1 Week6.9%
2 Weeks3.9%
1 Month-22.71%
3 Month-13.98%
6 Month20.6%
12 Month-39.47%
2 Year-80.62%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%10.52%
ATR Inc45.15%
Range Today0.53
ADR(20)0.48
ADR(20)%10.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.07
3 months CRS19.94
6 months CRS80.5
Mansfield-1.65
10 Day High5.06
10 Day Low4.05
20 Day High6.58
20 Day Low4.05
52 Week High8.32
52 Week Low3.54
CS1 End4.36
CR1 Start4.81
Volume & EV
DER(3)0.18%
DER(5)-1.81%
Volume862.90K
Volume Incr-49.15%
Vol(5)489.38K
Vol(50)909.12K
ATLAS LITHIUM INC / ATLX FAQ
Can you provide the ChartMill technical rating for ATLAS LITHIUM INC?
ChartMill assigns a technical rating of 0 / 10 to ATLX.
What is the current trend direction of ATLAS LITHIUM INC (ATLX) stock?
The current trend direction for ATLAS LITHIUM INC (ATLX) is Bearish.
What is the RSI signal for ATLAS LITHIUM INC (ATLX) stock?
ATLAS LITHIUM INC (ATLX) has an RSI value of 47.5834. This indicates that the stock is currently neutral.
What is the MACD signal for ATLX stock?
The MACD indicator for ATLAS LITHIUM INC (ATLX) has a value of -0.0228462, indicating a bearish trend.
What is the short term momentum for ATLX stock?
The short term momentum for ATLAS LITHIUM INC (ATLX) is neutral.