ATMOS ENERGY CORP (ATO) Technical Analysis
NYSE:ATO • US0495601058
Current stock price
ATO Technical Rating and Analysis
Taking everything into account, ATO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ATO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ATO did better than 74% of all other stocks. We also observe that the gains produced by ATO over the past year are nicely spread over this period.
- ATO is one of the better performing stocks in the Gas Utilities industry, it outperforms 71% of 15 stocks in the same industry.
- ATO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ATO is leading the market.
- In the last month ATO has a been trading in the 179.32 - 190.13 range, which is quite wide. It is currently trading near the high of this range.
- ATO has an average volume of 1388520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
ATO Weekly and Daily overview Charts
ATO Setup Rating and Analysis
ATO has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ATO Support and Resistance Analysis
161.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 183.52 to 184.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 170.05 to 171.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 162.93 to 166.98. 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 188.98 to 188.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
ATO Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for ATO is up. |
| ChartMill Relative Strength | 74.59 | POSITIVE | ATO has a high relative strength, it outperformed 74.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATO is above the rising 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) | 67.12 | NEUTRAL | The RSI value for ATO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ATO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.43 | NEUTRAL | The Stochastics value for ATO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for ATO suggests low volalility. |
| Average Directional Index/ADX (14) | 22.78 | NEUTRAL | The ADX value for ATO suggests a possible start of a new trend. |
ATO Chart- and CandleStick Pattern Analysis
ATO Example Setup
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 |
|---|---|---|---|
| 188.99 | 183.51 | 5.48 (2.90%) | 25.00% |
| An entry @188.99. This is a Buy Stop order right above the resistance zone. | An exit @183.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.48 points, which is 2.90%. | For a 0.72% 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.
ATO Technicals: Chart, Performance Metrics, Trend & Indicators
188.97
+3.48 (+1.88%)
ATMOS ENERGY CORP / ATO TA FAQ
What is the technical rating for ATO stock?
ChartMill assigns a technical rating of 10 / 10 to ATO.
What is the trend direction for ATO stock?
The current trend direction for ATMOS ENERGY CORP (ATO) is Bullish.
Can you provide the RSI signal for ATMOS ENERGY CORP?
ATMOS ENERGY CORP (ATO) has an RSI value of 67.117. This indicates that the stock is currently neutral.
What is the short term momentum for ATO stock?
The short term momentum for ATMOS ENERGY CORP (ATO) is positive.
What is the support and resistance level for ATO stock?
ATMOS ENERGY CORP (ATO) has a support level at 184.68 and a resistance level at 188.98. Check the full technical report for our detailed analysis of ATO support and resistance levels.