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Downtrend Broken Resist.Archive
- 5/29/2026 -
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Atmos Energy Corp (ATO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Atmos Energy Corp (ATO). During the week, the ATO dropped -8.68 points, or -4.88%, and closed at 169.13 on Friday, May 29, 2026. Weekly volume was 154% 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 192.51 on April 9, 2026. ATO gained -106.71 points, or -124.37%, in 236 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (122.50) 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 192.51 on April 9, 2026. ATO gained -91.51 points, or -90.60%, in 131 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (176.67) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ATO may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 8, 2026. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See ATO short-term trend chart]
A short-term downtrend had started on May 1, 2026 at 191.49 and reached 168.12 on May 29, 2026. ATO lost 23.37 points, or 12.20%, in 28 days. Price is near the trend low.
 Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 4, 2026. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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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