ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
USA - NASDAQ:ATLX - US1058613068 - Common Stock
We assign a technical rating of 0 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 technical rating of ATLX is bad and it also does not present a quality setup 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
3.63
When analyzing the support we can see 2 important areas.
- Support @3.86 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.67 to 3.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.51 to 4.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.91 from a trend line in the weekly time frame.
- Resistance @5.59 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 | 7.62 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 92.38% 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) | 38.02 | NEUTRAL | The RSI value for ATLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ATLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.9 | OVERSOLD | The low Stochastics value suggests ATLX may be oversold. |
| Average True Range in percent/ATR (20) | 11.6 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.33 | NEGATIVE | The low ADX value for ATLX suggests a weak or negative trend. |
4.26
-0.19 (-4.27%)
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 current trend direction of ATLAS LITHIUM INC (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 38.023. This indicates that the stock is currently neutral.
What is the MACD signal for ATLX stock?
The MACD indicator for ATLAS LITHIUM INC (ATLX) has a value of -0.0885376, indicating a bearish trend.
What is the short term momentum for ATLX stock?
The short term momentum for ATLAS LITHIUM INC (ATLX) is negative.