Overall ATLX gets a technical rating of 0 out of 10. 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.
ATLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.90, a Stop Loss order could be placed below this zone.
More info and screens
3.75
We found 1 important support area.
- A support zone ranging from 3.79 to 3.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.56 to 4.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.80 to 4.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.06 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 | DOWN | NEGATIVE | The short term trend for ATLX is down. |
| ChartMill Relative Strength | 10.68 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 89.32% 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) | 46.85 | NEUTRAL | The RSI value for ATLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ATLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.9 | NEUTRAL | The Stochastics value for ATLX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.69 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for ATLX suggests a weak or negative trend. |
4.38
+0.15 (+3.55%)
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 46.8538. 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 0.0308455, 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.