ATMOS ENERGY CORP (ATO) Technical Analysis
NYSE:ATO • US0495601058
Current stock price
ATO Technical Rating and Analysis
Overall ATO gets a technical rating of 7 out of 10. Both in the recent history as in the last year, ATO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 70% of all stocks.
- 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.
- In the last month ATO has a been trading in the 180.85 - 192.51 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ATO has an average volume of 1062170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ATO is part of the Gas Utilities industry. There are 15 other stocks in this industry, ATO did better than 64% of them.
ATO Weekly and Daily overview Charts
ATO Setup Rating and Analysis
Besides having an excellent technical rating, ATO also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 186.78, a Stop Loss order could be placed below this zone.
More info and screens
ATO Support and Resistance Analysis
161.30
3 important support areas can be observed.
- Support @173.48 from a trend line in the weekly time frame.
- Support @170.67 from a trend line in the daily time frame.
- 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 186.65 to 192.30. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ATO is neutral. |
| ChartMill Relative Strength | 70.55 | POSITIVE | ATO has a high relative strength, it outperformed 70.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ATO is below 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) | 54.8 | NEUTRAL | The RSI value for ATO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests ATO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.67 | NEUTRAL | The Stochastics value for ATO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for ATO suggests low volalility. |
| Average Directional Index/ADX (14) | 17.6 | NEGATIVE | The low ADX value for ATO suggests a weak or negative 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 |
|---|---|---|---|
| 186.66 | 183.12 | 3.54 (1.90%) | 25.00% |
| An entry @186.66. This is a Buy Stop order right above the 10 day moving average. | An exit @183.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.54 points, which is 1.90%. | For a 0.47% 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.
ATO Technicals: Chart, Performance Metrics, Trend & Indicators
185.45
-2.36 (-1.26%)
ATMOS ENERGY CORP / ATO TA FAQ
What is the technical rating for ATO stock?
ChartMill assigns a technical rating of 7 / 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 54.8032. 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 neutral.
What is the support and resistance level for ATO stock?
ATMOS ENERGY CORP (ATO) has a support level at 186.78 and a resistance level at 188.58. Check the full technical report for our detailed analysis of ATO support and resistance levels.