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Downtrend Broken Resist.Archive
- 4/2/2026 -
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Atmos Energy Corp (ATO) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Atmos Energy Corp (ATO). During the week, the ATO gained 5.78 points, or 3.16%, and closed at 188.97 on Thursday, April 2, 2026. It was the best weekly gain since February 27, 2026. Weekly volume was -25% below average.
ATO is a member of Utilities Sector. Utilities is the most overbought 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 190.13 on March 16, 2026. ATO gained -104.33 points, or -121.60%, in 232 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (121.32) 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 190.13 on March 16, 2026. ATO gained -89.13 points, or -88.25%, in 127 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 173.02 and resistance is at 191.07. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 20, 2026. This is an indication that the medium-term trend is up. 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 March 24, 2026 at 179.32 and reached 189.11 on April 2, 2026. ATO gained -9.79 points, or -5.46%, in 9 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 below its signal line since March 9, 2026. The distance between MACD and the signal line is low and getting smaller.
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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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