ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
NASDAQ:ATLX - Nasdaq - US1058613068 - Common Stock - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
95% 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. 93% of 154 stocks in the same industry do better.
ATLX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 3.77 - 4.57 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Although the technical rating is bad, ATLX does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for ATLX 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
3.86
4.50
We found 1 important support area.
- A support zone ranging from 3.90 to 3.95. 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 4.05 to 4.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.16 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.46 to 4.46. This zone is formed by a combination of multiple trend lines 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 | 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 | 5.48 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 94.52% 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) | 40.94 | NEUTRAL | The RSI value for ATLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ATLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 28.33 | NEUTRAL | The Stochastics value for ATLX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.73 | 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)
3.96
+0.08 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.06%
1 Week-6.82%
2 Weeks-3.41%
1 Month-11.01%
3 Month-27.14%
6 Month-50.06%
12 Month-74.78%
2 Year-81.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%6.34%
ATR Inc31%
Range Today0.24
ADR(20)0.25
ADR(20)%6.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.48
Mansfield-5.01
10 Day High4.57
10 Day Low3.77
20 Day High4.57
20 Day Low3.77
52 Week High16
52 Week Low3.54
CS1 End3.95
CR1 Start4.05
Volume & EV
DER(3)-3.11%
DER(5)3.62%
Volume232.20K
Volume Incr74.9%
Vol(5)231.44K
Vol(50)161.34K