ATOM Technical Analysis - ATOMERA INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to ATOM. ATOM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

ATOM is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 61% are performing better than ATOM.

ATOM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ATOM has a been trading in the 3.06 - 3.65 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, ATOM outperforms 52% of them, which is more or less in line with the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of ATOM 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.13

4.08

2 important support areas can be observed.

Support @3.73 from a trend line in the daily time frame.
A support zone ranging from 3.16 to 3.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 3.92 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for ATOM is neutral.
ChartMill Relative Strength	52.02	NEUTRAL	ATOM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ATOM is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ATOM is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ATOM is below a declining SMA(200).
Relative Strength Index/RSI (14)	54.17	NEUTRAL	The RSI value for ATOM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests ATOM has a positive trend.
Stochastics (14,3)	84.9	OVERBOUGHT	The high Stochastics value suggests ATOM may be overbought.
Average True Range in percent/ATR (20)	4.9	MEDIUM VOLATILITY	The ATR as a percentage value for ATOM suggests some volalility.
Average Directional Index/ADX (14)	27.78	POSITIVE	The high ADX value value for ATOM suggests a strong trend.