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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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- 8/7/2026 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the Atmos Energy Corp (ATO). During the week, the ATO dropped -2.59 points, or -1.50%, and closed at 170.19 on Friday, August 7, 2026. Weekly volume was -6% below 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 (123.96) 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 (180.64) 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 8, 2026. 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 July 28, 2026 at 182.64 and reached 169.70 on August 7, 2026. ATO lost 12.94 points, or 7.08%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 29, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.09
Williams' Percentage Range (W%R) 90.30
Strong Oversold
Lane's Stochastic (%D-Slow) 14.02
Oversold
Greed/Fear Indicator (GFI) 18.28
Oversold
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.71
Williams' Percentage Range (W%R) 82.30
Oversold
Lane's Stochastic (%D-Slow) 54.94
Greed/Fear Indicator (GFI) 38.75
Moving Average Converg./Diverg. (MACD) 0.65
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 201.98
Quarterly Trendline Support 180.64
Upper Bollinger Band 180.36
Parabolic System 177.36
Weekly Stochastic Crossing 176.51
20 Day Moving Average 175.95
50 Day Moving Average 173.28
Daily Stochastic Crossing 171.39
Price 170.19
Lower Bollinger Band 168.79
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Gas Utilities 14
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 182.64
High Date 07/28/2026
Low 169.70
Low Date 08/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 166.33
Low Date 06/04/2026
High 182.64
High Date 07/28/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 192.51
High Date 04/09/2026
Low 166.33
Low Date 06/04/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 201.98
Support 180.64
Low 101.00
Low Date 10/03/2023
High 192.51
High Date 04/09/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 130.85
Support 123.96
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.