ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
USA - NASDAQ:ATLX - US1058613068 - Common Stock
4.53 USD
+0.06 (+1.34%)
4.65 USD
+0.12 (+2.65%)
We assign a technical rating of 1 out of 10 to ATLX. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ATLX is a bad performer in the overall market: 86% of all stocks are doing better.
ATLX is one of the lesser performing stocks in the Metals & Mining industry. 87% of 156 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 4.41 - 5.82 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Although the technical rating is bad, ATLX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.01. Right above this resistance zone may be a good entry point.
More info and screens
3.64
6.35
When analyzing the support we can see 3 important areas.
- Support @4.46 from a horizontal line in the daily time frame.
- A support zone ranging from 3.82 to 3.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.68 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.01 to 5.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.32 from a trend line in the weekly time frame.
- Resistance @6.29 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 | 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 | 14.85 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 85.15% 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) | UP | MIXED | The current price of ATLX is below the rising 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) | 42.16 | NEUTRAL | The RSI value for ATLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ATLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.38 | OVERSOLD | The low Stochastics value suggests ATLX may be oversold. |
| Average True Range in percent/ATR (20) | 8.23 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.08 | 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)
4.53
+0.06 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.34%
1 Week-7.55%
2 Weeks-11.18%
1 Month-8.3%
3 Month16.75%
6 Month-20.53%
12 Month-39.11%
2 Year-85.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%8.23%
ATR Inc-14.28%
Range Today0.25
ADR(20)0.36
ADR(20)%8.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.85
Mansfield-2.87
10 Day High5.22
10 Day Low4.41
20 Day High5.82
20 Day Low4.41
52 Week High11.89
52 Week Low3.54
CS1 End4.46
CR1 Start5.01
Volume & EV
DER(3)-13.31%
DER(5)-7.19%
Volume637.50K
Volume Incr17.82%
Vol(5)486.28K
Vol(50)486.08K