The Greedy Trader Weekly Analysis
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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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- 7/10/2026 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance lineStochastic signal line moved above oversold area
Daily :Stochastic has declined below the signal linePrice is close to the 50 Day Moving Average
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It was the negative week for the Atmos Energy Corp (ATO). During the week, the ATO gave back -0.67 points, or -0.38%, and closed at 176.20 on Friday, July 10, 2026. It was the worst weekly loss since May 29, 2026. ATO was trading at average weekly trading volume.

ATO is a member of Utilities Sector. Utilities is the second 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 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 (123.35) 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 (178.36) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic 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 uptrend had started on June 4, 2026 at 166.33 and reached 179.79 on July 7, 2026. ATO gained -13.46 points, or -8.09%, in 33 days. The price is now at the 26.67% retracement level.

Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since June 11, 2026. This is an indication that the short-term trend is up.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.31
Williams' Percentage Range (W%R) 43.40
Lane's Stochastic (%D-Slow) 57.36
Greed/Fear Indicator (GFI) 58.76
Moving Average Converg./Diverg. (MACD) -0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.21
Williams' Percentage Range (W%R) 68.60
Lane's Stochastic (%D-Slow) 22.48
Greed/Fear Indicator (GFI) 32.57
Moving Average Converg./Diverg. (MACD) 1.55
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 199.69
Monthly Trendline Resistance 188.47
Upper Bollinger Band 179.71
Quarterly Trendline Support 178.36
Daily Stochastic Crossing 176.49
Price 176.20
50 Day Moving Average 175.49
Parabolic System 173.93
20 Day Moving Average 172.79
Weekly Stochastic Crossing 170.23
Lower Bollinger Band 168.23
Monthly Trendline Support 154.34
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Gas Utilities 28
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 174.46
Low Date 07/09/2026
High 176.60
High Date 07/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 166.33
Low Date 06/04/2026
High 179.79
High Date 07/07/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 188.47
Support 154.34
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 199.69
Support 178.36
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 130.70
Support 123.35
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.