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Downtrend Broken Resist.Archive
- 7/19/2024 -
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Atmos Energy Corp (ATO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Atmos Energy Corp (ATO). During the week, the ATO gained 2.01 points, or 1.66%, and closed at 122.95 on Friday, July 19, 2024. ATO was trading at average weekly trading volume.
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 October 3, 2023 at 101.00 and reached 125.38 on July 17, 2024. ATO gained -24.38 points, or -24.14%, in 41 weeks. The price is now at the 9.97% retracement level.
Medium-term trend: [See ATO medium-term trend chart]
A medium-term uptrend had started on May 29, 2024 at 110.97 and reached 125.38 on July 17, 2024. ATO gained -14.41 points, or -12.99%, in 7 weeks. The price is now at the 16.86% retracement level.
 Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 9, 2024 at 113.46 and reached 125.38 on July 17, 2024. ATO gained -11.92 points, or -10.51%, in 8 days. The price is now at the 20.39% retracement level.
 Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 10, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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