ATMOS ENERGY CORP (ATO) Stock Technical Analysis
NYSE:ATO - US0495601058 - Common Stock
166.39 USD
+2.48 (+1.51%)
166.39 USD
0 (0%)
Overall ATO gets a technical rating of 8 out of 10. In the last year, ATO was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ATO is one of the better performing stocks in the market, outperforming 72% of all stocks. On top of that, ATO also shows a nice and consistent pattern of rising prices.
ATO is one of the better performing stocks in the Gas Utilities industry, it outperforms 84% of 14 stocks in the same industry.
ATO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ATO is lagging the market slightly.
ATO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
In the last month ATO has a been trading in a tight range between 162.51 and 168.86.
ATO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 166.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 165.59, a Stop Loss order could be placed below this zone.
More info and screens
149.92
169.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 160.47 to 165.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @157.86 from a trend line in the daily time frame.
- Support @155.29 from a horizontal line in the daily time frame.
- A support zone ranging from 151.43 to 152.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 166.98 to 168.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ATO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ATO is neutral. |
| ChartMill Relative Strength | 72.07 | POSITIVE | ATO has a high relative strength, it outperformed 72.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ATO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.37 | NEUTRAL | The RSI value for ATO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests ATO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.91 | NEUTRAL | The Stochastics value for ATO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for ATO suggests low volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for ATO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 168.23 | 162.50 | 5.73 (3.41%) | 25.00% |
| An entry @168.23. This is a Buy Stop order right above the resistance zone. | An exit @162.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.73 points, which is 3.41%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
166.39
+2.48 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg1.51%
1 Week0.97%
2 Weeks0.08%
1 Month-0.35%
3 Month8.76%
6 Month11.01%
12 Month21.48%
2 Year57.08%
3 Year63.37%
5 Year74.07%
10 Year185.99%
15 Year468.86%
Volatility
ATR(14)2.15
ATR(20)%1.24%
ATR Inc25.62%
Range Today3.84
ADR(20)1.96
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.07
Mansfield-0.02
10 Day High166.75
10 Day Low162.51
20 Day High168.86
20 Day Low162.51
52 Week High168.86
52 Week Low134.95
CS1 End165.59
CR1 Start166.98
Volume & EV
DER(3)2.34%
DER(5)-0.33%
Volume692.12K
Volume Incr-18.78%
Vol(5)785.79K
Vol(50)815.04K