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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.

Archive
- 9/4/2026 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved above its signal line
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It was a first positive week after 5 consecutive negative weeks for the Atmos Energy Corp (ATO). During the week, the ATO climbed 0.91 points, or 0.55%, and closed at 167.56 on Friday, September 4, 2026. It was the best weekly gain since July 24, 2026. Weekly volume was -28% below average.

ATO is a member of Utilities Sector. Utilities is the 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 downtrend had started on July 28, 2026 at 182.64 and reached 164.62 on August 31, 2026. ATO lost 18.02 points, or 9.87%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (164.22) is broken. A broken support is considered to be a long-term bullish signal. 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 downtrend had started on August 20, 2026 at 173.13 and reached 164.62 on August 31, 2026. ATO lost 8.51 points, or 4.92%, in 1 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (163.49) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since May 8, 2026. This is an indication that the medium-term trend is down. 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 August 31, 2026 at 164.62 and reached 169.58 on September 4, 2026. ATO gained -4.96 points, or -3.01%, in 4 days. The price is now at the 40.73% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.09
Williams' Percentage Range (W%R) 55.60
Lane's Stochastic (%D-Slow) 48.65
Greed/Fear Indicator (GFI) 45.39
Moving Average Converg./Diverg. (MACD) -1.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.92
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 18.98
Oversold
Greed/Fear Indicator (GFI) 27.33
Moving Average Converg./Diverg. (MACD) -0.46
Trading Signals
Description Value Chart
50 Day Moving Average 172.86
Upper Bollinger Band 172.07
Parabolic System 169.75
20 Day Moving Average 168.63
Price 167.56
Daily Stochastic Crossing 167.44
Weekly Stochastic Crossing 167.33
Lower Bollinger Band 166.27
Monthly Trendline Resistance 165.91
Monthly Trendline Support 164.22
Weekly Trendline Resistance 163.51
Weekly Trendline Support 163.49
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Gas Utilities 32
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 164.62
Low Date 08/31/2026
High 169.58
High Date 09/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 163.51
Support 163.49
High 173.13
High Date 08/20/2026
Low 164.62
Low Date 08/31/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 165.91
Support 164.22
High 182.64
High Date 07/28/2026
Low 164.62
Low Date 08/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 192.51
High Date 04/09/2026
Low 164.62
Low Date 08/31/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.80
Low Date 09/28/2021
High 192.51
High Date 04/09/2026
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.