Technical Analysis for ATLX - Atlas Lithium Corporation

Grade Last Price % Change Price Change
F 7.72 -4.10% -0.33
ATLX closed down 4.1 percent on Wednesday, November 20, 2024, on 59 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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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
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Resistance Bearish -4.10%
Stochastic Buy Signal Bullish -4.10%
Wide Bands Range Expansion -4.10%
Oversold Stochastic Weakness -4.10%
Wide Bands Range Expansion 0.78%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 18 hours ago
Down 5% about 20 hours ago
60 Minute Opening Range Breakdown about 21 hours ago
Down 3% about 21 hours ago
Rose Above 10 DMA about 22 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 34.0
52 Week Low 6.2523
Average Volume 137,668
200-Day Moving Average 12.10
50-Day Moving Average 8.07
20-Day Moving Average 8.69
10-Day Moving Average 7.95
Average True Range 0.77
RSI (14) 44.44
ADX 15.6
+DI 19.21
-DI 17.83
Chandelier Exit (Long, 3 ATRs) 9.58
Chandelier Exit (Short, 3 ATRs) 9.54
Upper Bollinger Bands 10.65
Lower Bollinger Band 6.74
Percent B (%b) 0.25
BandWidth 44.93
MACD Line -0.17
MACD Signal Line -0.02
MACD Histogram -0.1444
Fundamentals Value
Market Cap 85.87 Million
Num Shares 11.1 Million
EPS -3.23
Price-to-Earnings (P/E) Ratio -2.39
Price-to-Sales 338001.75
Price-to-Book 32.24
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.41
Resistance 3 (R3) 8.46 8.28 8.30
Resistance 2 (R2) 8.28 8.10 8.26 8.26
Resistance 1 (R1) 8.00 8.00 7.91 7.95 8.22
Pivot Point 7.82 7.82 7.78 7.80 7.82
Support 1 (S1) 7.54 7.64 7.45 7.49 7.22
Support 2 (S2) 7.36 7.54 7.34 7.18
Support 3 (S3) 7.08 7.36 7.15
Support 4 (S4) 7.03