ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
NASDAQ:ATLX - Nasdaq - US1058613068 - Common Stock - Currency: USD
Overall ATLX gets a technical rating of 6 out of 10. ATLX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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 3.80 - 6.61 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, ATLX did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ATLX is part of the Metals & Mining industry. There are 157 other stocks in this industry, ATLX did better than 44% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ATLX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.64
6.62
When analyzing the support we can see 3 important areas.
- Support @4.14 from a trend line in the daily time frame.
- Support @3.82 from a horizontal line in the daily time frame.
- Support @3.68 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for ATLX is neutral. |
| ChartMill Relative Strength | 77.35 | POSITIVE | ATLX has a high relative strength, it outperformed 77.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ATLX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.92 | OVERBOUGHT | The high RSI value suggests ATLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ATLX has a positive trend. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for ATLX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.32 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.15 | POSITIVE | The high ADX value value for ATLX suggests a strong 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)
6.55
+0.9 (+15.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg15.93%
1 Week34.5%
2 Weeks22.66%
1 Month58.21%
3 Month65.4%
6 Month21.52%
12 Month-30.76%
2 Year-73.61%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%7.32%
ATR Inc161.18%
Range Today0.86
ADR(20)0.43
ADR(20)%6.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.35
Mansfield-0.25
10 Day High6.61
10 Day Low4.21
20 Day High6.61
20 Day Low3.8
52 Week High12.48
52 Week Low3.54
CS1 End4.14
CR1 StartN/A
Volume & EV
DER(3)-3.55%
DER(5)-5.14%
Volume1.51M
Volume Incr130.98%
Vol(5)758.98K
Vol(50)353.15K