ATMOS ENERGY CORP (ATO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ATO - US0495601058 - Common Stock
Overall ATO gets a technical rating of 8 out of 10. 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.
Besides having an excellent technical rating, ATO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 175.27, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
146.86
We found 4 important support areas.
- A support zone ranging from 170.90 to 175.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @162.88 from a trend line in the daily time frame.
- A support zone ranging from 151.50 to 153.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @148.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 176.92 to 179.20. 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 | 75.86 | POSITIVE | ATO has a high relative strength, it outperformed 75.86% 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) | 54.96 | NEUTRAL | The RSI value for ATO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ATO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.54 | NEUTRAL | The Stochastics value for ATO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for ATO suggests low volalility. |
| Average Directional Index/ADX (14) | 14.38 | NEGATIVE | The low ADX value for ATO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 179.21 | 172.63 | 6.58 (3.67%) | 25.00% |
| An entry @179.21. This is a Buy Stop order right above the resistance zone. | An exit @172.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.58 points, which is 3.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- 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.
176.37
+0.63 (+0.36%)
ATMOS ENERGY CORP / ATO FAQ
What is the technical rating for ATO stock?
ChartMill assigns a technical rating of 8 / 10 to ATO.
What is the current trend direction of ATMOS ENERGY CORP (ATO) stock?
The current trend direction for ATMOS ENERGY CORP (ATO) is Bullish.
What is the RSI signal for ATMOS ENERGY CORP (ATO) stock?
ATMOS ENERGY CORP (ATO) has an RSI value of 54.9569. This indicates that the stock is currently neutral.
What is the support and resistance level for ATO stock?
ATMOS ENERGY CORP (ATO) has a support level at 175.27 and a resistance level at 176.92. Check the full technical report for our detailed analysis of ATO support and resistance levels.