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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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- 10/17/2025 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARTrend support at 176.06
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It was the negative week for the Atmos Energy Corp (ATO). During the week, the ATO gave back -0.07 points, or -0.04%, and closed at 176.41 on Friday, October 17, 2025. Weekly volume was -15% below average.

ATO is a member of Utilities Sector. Utilities is the 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 179.70 on October 15, 2025. ATO gained -93.90 points, or -109.44%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (117.88) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 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 179.70 on October 15, 2025. ATO gained -78.70 points, or -77.92%, in 106 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 158.82 and resistance is at 184.07. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 8, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 September 18, 2025 at 160.10 and reached 179.70 on October 15, 2025. ATO gained -19.60 points, or -12.24%, in 27 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (176.06) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since September 25, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.31
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 76.84
Greed/Fear Indicator (GFI) 75.99
Moving Average Converg./Diverg. (MACD) 2.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.03
Overbought
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 84.61
Overbought
Greed/Fear Indicator (GFI) 79.20
Moving Average Converg./Diverg. (MACD) 4.71
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 184.07
Upper Bollinger Band 181.61
Weekly Trendline Resistance 181.55
Parabolic System 179.88
Daily Stochastic Crossing 178.19
Weekly Stochastic Crossing 177.63
Price 176.41
Weekly Trendline Support 176.06
20 Day Moving Average 172.01
50 Day Moving Average 167.97
Lower Bollinger Band 163.73
Quarterly Trendline Support 158.82
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Gas Utilities 59
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 179.70
High Date 10/15/2025
Low 175.02
Low Date 10/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 181.55
Support 176.06
Low 160.10
Low Date 09/18/2025
High 179.70
High Date 10/15/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 149.98
Low Date 07/02/2025
High 179.70
High Date 10/15/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 184.07
Support 158.82
Low 101.00
Low Date 10/03/2023
High 179.70
High Date 10/15/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 129.38
Support 117.88
Low 85.80
Low Date 09/28/2021
High 179.70
High Date 10/15/2025
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.