Technical Analysis for ATLX - Atlas Lithium Corporation

Grade Last Price % Change Price Change
D 14.27 -3.12% -0.46
ATLX closed down 3.12 percent on Tuesday, April 16, 2024, on 58 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
MACD Bearish Centerline Cross Bearish -3.12%
MACD Bearish Signal Line Cross Bearish -3.12%
Wide Bands Range Expansion -3.12%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 3 hours ago
60 Minute Opening Range Breakdown about 6 hours ago
Down 5% about 7 hours ago
Down 3% about 8 hours ago
Fell Below Previous Day's Low about 8 hours ago

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Profile

Atlas Lithium Corporation operates as a mineral exploration and mining company in Brazil. It focuses on advancing and developing its 100%-owned hard-rock lithium project, which consists of 52 mineral rights covering an area of 56,078 acres that is located primarily in the municipality of Araçuaí in the Vale do Jequitinhonha region of the state of Minas Gerais in Brazil. It also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and participates in iron and quartzite projects. The company was formerly known as Atlas Lithium Corporation and changed its name to Brazil Minerals, Inc. in October 2022. Atlas Lithium Corporation is based in Beverly Hills, California.
Classification

Sector: Basic Materials
Industry: Other Precious Metals & Mining
Keywords: Mining Lithium Chemical Substances

Is ATLX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 45.0
52 Week Low 11.8
Average Volume 107,148
200-Day Moving Average 23.05
50-Day Moving Average 16.32
20-Day Moving Average 15.99
10-Day Moving Average 16.49
Average True Range 1.67
RSI (14) 41.18
ADX 23.8
+DI 18.41
-DI 23.05
Chandelier Exit (Long, 3 ATRs) 14.99
Chandelier Exit (Short, 3 ATRs) 16.81
Upper Bollinger Bands 19.66
Lower Bollinger Band 12.33
Percent B (%b) 0.26
BandWidth 45.77
MACD Line -0.26
MACD Signal Line -0.07
MACD Histogram -0.1871
Fundamentals Value
Market Cap 158.73 Million
Num Shares 11.1 Million
EPS -3.23
Price-to-Earnings (P/E) Ratio -4.42
Price-to-Sales 338001.75
Price-to-Book 32.24
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.35
Resistance 3 (R3) 15.30 14.90 15.17
Resistance 2 (R2) 14.90 14.63 14.92 15.11
Resistance 1 (R1) 14.59 14.46 14.39 14.63 15.05
Pivot Point 14.18 14.18 14.08 14.21 14.18
Support 1 (S1) 13.87 13.91 13.67 13.91 13.49
Support 2 (S2) 13.47 13.74 13.49 13.43
Support 3 (S3) 13.15 13.47 13.37
Support 4 (S4) 13.19