ATOM Price Stalls Out Against Resistance: Potential Rejection to $1.45

ATOM is trading at $1.49, up a marginal 0.34% on the day, but its momentum has stalled out against upper Bollinger Band resistance at $1.51, $1.52.

The MACD momentum is completely flatlined, and taker sell volume is dominating, which could be a rejection of the price increase and put $1.45 squarely in play.

The Bollinger %B sits at 0.86, indicating that the price is crammed against the top of the volatility envelope, and the daily ATR of just $0.06 shows that this coil is tight.