ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
NASDAQ:ATLX - US1058613068 - Common Stock
5.39 USD
-0.03 (-0.55%)
5.39 USD
0 (0%)
We assign a technical rating of 5 out of 10 to ATLX. ATLX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
80% 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. 83% of 155 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month ATLX has a been trading in the 4.21 - 7.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ATLX has an average technical rating and the quality of the presented setup is also not ideal 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
3.64
6.48
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.96 to 4.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.76 to 4.82. This zone is formed by a combination of multiple trend lines and important moving averages 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.
We can see 4 important resistance areas.
- Resistance @5.78 from a trend line in the daily time frame.
- Resistance @5.95 from a horizontal line in the weekly time frame.
- Resistance @6.10 from a horizontal line in the daily time frame.
- Resistance @6.42 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 | NEUTRAL | NEUTRAL | The short term trend for ATLX is neutral. |
| ChartMill Relative Strength | 20.73 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 79.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ATLX is below 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 | NEGATIVE | The current price of ATLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.14 | 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) | 34.44 | NEUTRAL | The Stochastics value for ATLX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.79 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.24 | 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)
5.39
-0.03 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.55%
1 Week-1.19%
2 Weeks-9.72%
1 Month10.68%
3 Month36.46%
6 Month3.06%
12 Month-48.02%
2 Year-78.28%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%11.79%
ATR Inc-33.63%
Range Today0.42
ADR(20)0.6
ADR(20)%11.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.73
Mansfield-1.74
10 Day High6.59
10 Day Low4.73
20 Day High7
20 Day Low4.21
52 Week High11.89
52 Week Low3.54
CS1 End4.98
CR1 Start5.78
Volume & EV
DER(3)2.89%
DER(5)-3.77%
Volume457.90K
Volume Incr-8.49%
Vol(5)535.08K
Vol(50)446.86K