ATOMERA INC (ATOM) Stock Technical Analysis
NASDAQ:ATOM - Nasdaq - US04965B1008 - Common Stock - Currency: USD
Taking everything into account, ATOM scores 3 out of 10 in our technical rating. Although ATOM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
ATOM 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.
ATOM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ATOM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. ATOM outperforms 71% of them.
Looking at the yearly performance, ATOM did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ATOM has a poor technical rating and the quality of the setup is also not perfect 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
3.56
6.16
We found 4 important support areas.
- A support zone ranging from 4.98 to 5.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.89 from a horizontal line in the daily time frame.
- A support zone ranging from 3.96 to 4.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.60 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.08 to 5.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.10 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 ATOM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATOM is down. |
| ChartMill Relative Strength | 85.73 | POSITIVE | ATOM has a high relative strength, it outperformed 85.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATOM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ATOM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ATOM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.64 | NEUTRAL | The RSI value for ATOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ATOM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.52 | NEUTRAL | The Stochastics value for ATOM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for ATOM suggests high volalility. |
| Average Directional Index/ADX (14) | 24.76 | NEUTRAL | The ADX value for ATOM suggests a possible start of a new 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)
5.07
+0.1 (+2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.01%
1 Week-2.31%
2 Weeks0.2%
1 Month-17.43%
3 Month44.86%
6 Month-69.37%
12 Month26.75%
2 Year-41.25%
3 Year-56.59%
5 Year-52.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%6.56%
ATR Inc-43.11%
Range Today0.16
ADR(20)0.32
ADR(20)%6.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.73
Mansfield-1.64
10 Day High5.28
10 Day Low4.74
20 Day High6.55
20 Day Low4.74
52 Week High17.55
52 Week Low2.31
CS1 End5.02
CR1 Start5.08
Volume & EV
DER(3)-0.49%
DER(5)-1.46%
Volume184.70K
Volume Incr219.03%
Vol(5)1.17M
Vol(50)516.16K