ATMOS ENERGY CORP (ATO) Stock Technical Analysis
USA - NYSE:ATO - US0495601058 - Common Stock
We assign a technical rating of 8 out of 10 to ATO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
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149.99
4 important support areas can be observed.
- A support zone ranging from 167.55 to 169.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @164.02 from a horizontal line in the daily time frame.
- Support @161.16 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 174.61 to 179.20. 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 | 74.41 | POSITIVE | ATO has a high relative strength, it outperformed 74.41% 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) | 48.69 | NEUTRAL | The RSI value for ATO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.93 | NEGATIVE | The MACD value suggests ATO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.96 | OVERSOLD | The low Stochastics value suggests ATO may be oversold. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for ATO suggests low volalility. |
| Average Directional Index/ADX (14) | 23.97 | NEUTRAL | The ADX value for ATO suggests a possible start of a new trend. |
172.7
+0.98 (+0.57%)
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 48.6906. 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 169.96 and a resistance level at 174.61. Check the full technical report for our detailed analysis of ATO support and resistance levels.