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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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- 6/27/2025 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Atmos Energy Corp (ATO). During the week, the ATO gave back -1.07 points, or -0.70%, and closed at 152.49 on Friday, June 27, 2025. ATO was trading at average weekly trading volume.

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 167.45 on May 8, 2025. ATO gained -81.65 points, or -95.16%, in 188 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (115.52) 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 167.45 on May 8, 2025. ATO gained -66.45 points, or -65.79%, in 83 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (156.04) 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.

The weekly MACD line is below its signal line since May 23, 2025. 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 May 14, 2025 at 150.00 and reached 160.30 on May 20, 2025. ATO gained -10.30 points, or -6.87%, in 6 days. The price is now at the 75.83% retracement level.

Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 18, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 51.04
Williams' Percentage Range (W%R) 71.00
Lane's Stochastic (%D-Slow) 55.48
Greed/Fear Indicator (GFI) 45.17
Moving Average Converg./Diverg. (MACD) -0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.71
Williams' Percentage Range (W%R) 56.20
Lane's Stochastic (%D-Slow) 37.47
Greed/Fear Indicator (GFI) 43.28
Moving Average Converg./Diverg. (MACD) 4.60
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 170.43
Parabolic System 157.16
Upper Bollinger Band 156.60
50 Day Moving Average 156.21
Quarterly Trendline Support 156.04
Weekly Stochastic Crossing 155.84
Daily Stochastic Crossing 153.65
20 Day Moving Average 153.34
Price 152.49
Lower Bollinger Band 151.17
Yearly Trendline Resistance 128.81
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Gas Utilities 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 150.68
Low Date 06/17/2025
High 157.10
High Date 06/24/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.00
Low Date 05/14/2025
High 160.30
High Date 05/20/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 167.45
High Date 05/08/2025
Low 150.00
Low Date 05/14/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 170.43
Support 156.04
Low 101.00
Low Date 10/03/2023
High 167.45
High Date 05/08/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 128.81
Support 115.52
Low 85.80
Low Date 09/28/2021
High 167.45
High Date 05/08/2025
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.