ATLS Forecast and Technical Stock AnalysisBuy candidate since 2019-07-17
Atlas Energy Group, LLC fell by -3.45% in the last day ( Wednesday, 17th Jul 2019 ) from $0.01 to $0.01 and has now fallen 3 days in a row. During day the stock fluctuated 14.50% from a day low at $0.01 to a day high of $0.02. The price has fallen in 5 of the last 10 days and is down by -3.71% for this period. Volume has increased in the last day by 20 005 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 56 223 shares bought and sold for approximately $787.12.
- 30 day high of the ATLS stock price was $0.02 and low was $0.01.
- 90 day high was $0.02 and low was $0.01.
- 52 week high for the Atlas Energy Group, LLC - $0.07 and low - $0.00.
Atlas Energy Group, LLC lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 74.84% during the next 3 months and, with 90% probability hold a price between $0.02 and $0.03 at the end of this period.
Atlas Energy Group, LLC holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $0.01 and $0.01. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday July 15, 2019, which indicates further falls until a new bottom pivot has been found. Atlas Energy Group, LLC gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 50 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Atlas Energy Group, LLC finds support from accumulated volume at $0.01.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 14.50%. For the last week, the stock has had a daily average volatility of 16.88%.
Our recommended stoploss: $0.01 (-6.41%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)
16.88 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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