ATOMERA INC (ATOM) Stock Technical Analysis
NASDAQ:ATOM - Nasdaq - US04965B1008 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to ATOM. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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.
When comparing the yearly performance of all stocks, we notice that ATOM is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ATOM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, ATOM did better than 69% of them.
In the last month ATOM has a been trading in the 4.47 - 5.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ATOM 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 support zone below the current price at 4.76, a Stop Loss order could be placed below this zone.
More info and screens
3.59
5.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.71 to 4.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.52 from a horizontal line in the daily time frame.
- Support @4.10 from a trend line in the weekly time frame.
- Support @3.63 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.04 to 5.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.25 to 5.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.87 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 | 86.87 | POSITIVE | ATOM has a high relative strength, it outperformed 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ATOM is below 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) | UP | MIXED | The current price of ATOM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for ATOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ATOM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.49 | NEUTRAL | The Stochastics value for ATOM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.81 | HIGH VOLATILITY | The high ATR as a percentage value for ATOM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for ATOM suggests a weak or negative 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
-0.03 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.6%
1 Week-4.76%
2 Weeks-2.91%
1 Month0.6%
3 Month-0.4%
6 Month-42.92%
12 Month62.34%
2 Year-42.06%
3 Year-57.19%
5 Year-53.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%5.81%
ATR Inc-35.12%
Range Today0.2
ADR(20)0.29
ADR(20)%5.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.87
Mansfield-1.93
10 Day High5.42
10 Day Low4.89
20 Day High5.55
20 Day Low4.47
52 Week High17.55
52 Week Low2.31
CS1 End4.76
CR1 Start5.04
Volume & EV
DER(3)-1.98%
DER(5)1.26%
Volume380.70K
Volume Incr-47.85%
Vol(5)323.30K
Vol(50)478.93K