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Downtrend Broken Resist.Archive
- 10/2/2026 -
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Atmos Energy Corp (ATO) Technical Analysis
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| Summary:
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| | It was the negative week for the Atmos Energy Corp (ATO). During the week, the ATO gave back -0.04 points, or -0.03%, and closed at 157.17 on Friday, October 2, 2026. Weekly volume was -17% 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 April 9, 2026 at 192.51 and reached 154.72 on October 1, 2026. ATO lost 37.79 points, or 19.63%, in 25 weeks. The price is now at the 6.48% retracement level.
 Medium-term trend: [See ATO medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 182.64 and reached 154.72 on October 1, 2026. ATO lost 27.92 points, or 15.29%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (160.75) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold 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, Relative Strength Index 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 4, 2026 at 169.58 and reached 154.72 on October 1, 2026. ATO lost 14.86 points, or 8.76%, in 27 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (154.67) 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 short-term trend.
 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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