The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/16/2026 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :The price has risen above the Parabolic SARThe price touches the upper Bollinger BandThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was a first positive week for the Atmos Energy Corp (ATO). During the week, the ATO gained 3.69 points, or 2.21%, and closed at 170.47 on Friday, January 16, 2026. It was the best weekly gain since November 7, 2025. Weekly volume was 19% above average.

ATO is a member of Utilities Sector. Utilities is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ATO long-term trend chart]
A long-term uptrend had started on September 28, 2021 at 85.80 and reached 180.65 on November 6, 2025. ATO gained -94.85 points, or -110.55%, in 214 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (119.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ATO medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 101.00 and reached 180.65 on November 6, 2025. ATO gained -79.65 points, or -78.86%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 167.69 and resistance is at 184.83. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since November 28, 2025. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See ATO short-term trend chart]
A short-term uptrend had started on January 5, 2026 at 164.50 and reached 170.67 on January 16, 2026. ATO gained -6.17 points, or -3.75%, in 11 days. Price is near the trend high.

Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since December 23, 2025. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 2.7% on Friday. It is 56.54% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.99
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 78.54
Greed/Fear Indicator (GFI) 72.15
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.49
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 19.79
Oversold
Greed/Fear Indicator (GFI) 36.76
Moving Average Converg./Diverg. (MACD) 4.08
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 184.83
Upper Bollinger Band 170.97
50 Day Moving Average 170.96
Price 170.47
Daily Stochastic Crossing 169.86
20 Day Moving Average 168.11
Quarterly Trendline Support 167.69
Weekly Stochastic Crossing 167.00
Lower Bollinger Band 166.39
Parabolic System 164.95
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Gas Utilities 47
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 165.73
Low Date 01/08/2026
High 170.67
High Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.50
Low Date 01/05/2026
High 170.67
High Date 01/16/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 180.65
High Date 11/06/2025
Low 164.50
Low Date 01/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 184.83
Support 167.69
Low 101.00
Low Date 10/03/2023
High 180.65
High Date 11/06/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 129.83
Support 119.75
Low 85.80
Low Date 09/28/2021
High 180.65
High Date 11/06/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.