Technical Analysis for ATC - Altech Chemicals Ltd  

Grade Last Price % Change Price Change
D 0.048 4.35% 0.002
ATC closed up 2.22 percent on Friday, November 22, 2024, on 2.67 times normal volume. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 4.35%
Calm After Storm Range Contraction 4.35%
Wide Bands Range Expansion 4.35%
Oversold Stochastic Weakness 4.35%
Fell Below 50 DMA Bearish 6.67%
New Downtrend Bearish 6.67%
Calm After Storm Range Contraction 6.67%
Stochastic Reached Oversold Weakness 6.67%
Wide Bands Range Expansion 6.67%
Down 3 Days in a Row Weakness 6.67%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 3 hours ago
1.5x Volume Pace about 3 hours ago
Rose Above Previous Day's High about 4 hours ago
Rose Above 50 DMA about 4 hours ago
50 DMA Support about 4 hours ago

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Profile

Altech Chemicals Ltd   Description

Altech Chemicals Limited is engaged in the research and development activities for the commercialization of its aluminous clay (kaolin) deposit at Meckering, Western Australia. The Company is also engaged in the development of high purity alumina (HPA) manufacturing and mineral exploration. The Company's projects include HPA Project. The Company is a supplier of approximately 99.99% (4N) HPA (Aluminum oxide (Al2O3)). The Company also has 100%-owned kaolin deposit in Meckering, Western Australia, located approximately 130 kilometers from Perth. It employs a conventional hydrochloric acid (HCl)-based technology to produce HPA from kaolin clay. The Company's HPA process is an acid-based HCl process with crystallization and acid recovery. The Company's subsidiaries include Altech Chemicals Sdn Bhd, Altech Meckering Pty Ltd, Yilgarn Iron Pty Ltd, Canning Coal Pty Ltd, Australia Mineral Sands Pty Ltd, Musselbrook Iron Pty Ltd and Altech Chemicals Australia Pty Ltd.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Chemistry Mineral Exploration Minerals Iron Manufacturing Coal Chemical Chemicals Chemical Compounds Kaolinite Stomach Crystallization

Is ATC 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 0.095
52 Week Low 0.035
Average Volume 4,592,576
200-Day Moving Average 0.056
50-Day Moving Average 0.047
20-Day Moving Average 0.054
10-Day Moving Average 0.058
Average True Range 0.005
RSI (14) 45.05
ADX 27.48
+DI 29.932
-DI 31.837
Chandelier Exit (Long, 3 ATRs) 0.064
Chandelier Exit (Short, 3 ATRs) 0.059
Upper Bollinger Bands 0.071
Lower Bollinger Band 0.037
Percent B (%b) 0.27
BandWidth 63.956
MACD Line 0.001
MACD Signal Line 0.003
MACD Histogram -0.0021
Fundamentals Value
Market Cap 58.5 Million
Num Shares 1.27 Billion
EPS -0.01
Price-to-Earnings (P/E) Ratio -4.18
Price-to-Sales 0.00
Price-to-Book 0.53
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.051
Resistance 3 (R3) 0.051 0.049 0.050
Resistance 2 (R2) 0.049 0.048 0.049 0.049
Resistance 1 (R1) 0.048 0.047 0.049 0.048 0.049
Pivot Point 0.046 0.046 0.047 0.046 0.046
Support 1 (S1) 0.045 0.045 0.046 0.045 0.043
Support 2 (S2) 0.043 0.044 0.043 0.043
Support 3 (S3) 0.042 0.043 0.042
Support 4 (S4) 0.042