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Downtrend Broken Resist.Archive
- 9/18/2026 -
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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 dropped -2.89 points, or -1.77%, and closed at 160.30 on Friday, September 18, 2026. Weekly volume was 17% above 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 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 Broadening Ascending Wedge chart pattern. The trend support level is at 148.11 and resistance is at 200.39. 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 long-term trend.
 Medium-term trend: [See ATO medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 182.64 and reached 159.98 on September 18, 2026. ATO lost 22.66 points, or 12.41%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (162.43) 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 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 weekly Lane's Stochastic or strongly oversold weekly 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 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 downtrend had started on September 4, 2026 at 169.58 and reached 159.98 on September 18, 2026. ATO lost 9.60 points, or 5.66%, in 14 days. Price is near the trend low.
 Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since September 10, 2026. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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