ATMOS ENERGY CORP (ATO) Stock Technical Analysis
NYSE:ATO - New York Stock Exchange, Inc. - US0495601058 - Common Stock - Currency: USD
Taking everything into account, ATO scores 8 out of 10 in our technical rating. 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 gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ATO is one of the better performing stocks in the market, outperforming 89% 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 is also trading in the upper part of its 52 week range, so ATO is performing more or less in line with the market.
ATO has an average volume of 1168740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ATO has a been trading in the 150.00 - 167.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ATO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 154.87, a Stop Loss order could be placed below this zone.
More info and screens
121.60
164.30
We found 5 important support areas.
- A support zone ranging from 152.82 to 154.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.26 to 146.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @142.28 from a horizontal line in the daily time frame.
- A support zone ranging from 136.40 to 137.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @122.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 156.60 to 162.67. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 89.82 | POSITIVE | ATO has a high relative strength, it outperformed 89.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATO is below 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) | 46.01 | NEUTRAL | The RSI value for ATO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests ATO has a negative trend. |
| Stochastics (14,3) | 40.78 | NEUTRAL | The Stochastics value for ATO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for ATO suggests low volalility. |
| Average Directional Index/ADX (14) | 11.34 | NEGATIVE | The low ADX value for ATO suggests a weak or negative 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 |
|---|---|---|---|
| 156.61 | 152.81 | 3.80 (2.43%) | 25.00% |
| An entry @156.61. This is a Buy Stop order right above the 10 day moving average. | An exit @152.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.80 points, which is 2.43%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ATO. Please evaluate whether better entry and exit points can be found.
- 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.
155.29
-1.67 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-1.06%
1 Week-0.44%
2 Weeks-3.7%
1 Month-2.74%
3 Month3.6%
6 Month3.49%
12 Month37.9%
2 Year34.71%
3 Year33.51%
5 Year51.09%
10 Year187.47%
15 Year472.6%
Volatility
ATR(14)3.21
ATR(20)%1.98%
ATR Inc-16.86%
Range Today2.75
ADR(20)3.05
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.82
Mansfield0.88
10 Day High161.65
10 Day Low150
20 Day High167.45
20 Day Low150
52 Week High167.45
52 Week Low110.97
CS1 End154.87
CR1 Start156.6
Volume & EV
DER(3)1.24%
DER(5)1.53%
Volume1.14M
Volume Incr-9.22%
Vol(5)1.15M
Vol(50)1.17M