ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
NASDAQ:ATLX • US1058613068
Taking everything into account, ATLX scores 0 out of 10 in our technical rating. ATLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 77% 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. 84% of 157 stocks in the same industry do better.
- ATLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ATLX has a been trading in the 4.35 - 6.72 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ATLX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.78
4 important support areas can be observed.
- Support @4.35 from a horizontal line in the daily time frame.
- Support @3.97 from a horizontal line in the weekly time frame.
- Support @3.90 from a horizontal line in the daily time frame.
- Support @3.82 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 4.89 to 4.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.81 from a trend line in the weekly time frame.
- Resistance @6.01 from a trend line in the weekly time frame.
- Resistance @6.28 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for ATLX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATLX is down. |
| ChartMill Relative Strength | 23.82 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 76.18% 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) | UP | MIXED | The current price of ATLX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.92 | NEUTRAL | The RSI value for ATLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ATLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.79 | OVERSOLD | The low Stochastics value suggests ATLX may be oversold. |
| Average True Range in percent/ATR (20) | 10.72 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for ATLX suggests a weak or negative trend. |
4.67
+0.31 (+7.11%)
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 trend direction for 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 44.9169. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ATLAS LITHIUM INC?
The MACD indicator for ATLAS LITHIUM INC (ATLX) has a value of -0.113353, indicating a bearish trend.
Can you provide the short term momentum for ATLAS LITHIUM INC?
The short term momentum for ATLAS LITHIUM INC (ATLX) is negative.