ATLAS LITHIUM INC (ATLX) Stock Technical Analysis
NASDAQ:ATLX - Nasdaq - US1058613068 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ATLX. ATLX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ATLX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.00, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.63
2 important support areas can be observed.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.00 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.10 to 4.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ATLX is neutral. |
| ChartMill Relative Strength | 5.13 | NEGATIVE | ATLX has a low relative strength, it was outperformed by 94.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ATLX is above 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) | 49.26 | 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. |
| Stochastics (14,3) | 65.13 | NEUTRAL | The Stochastics value for ATLX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for ATLX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.87 | NEGATIVE | The low ADX value for ATLX suggests a weak or negative trend. |
NASDAQ:ATLX (7/14/2025, 3:50:03 PM)
4.005
0 (-0.12%)