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Archive
- 4/17/2025 -
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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 6.04 points, or 3.99%, and closed at 157.54 on Thursday, April 17, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 40% above 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 159.20 on April 17, 2025. ATO gained -73.40 points, or -85.55%, in 185 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (114.06) 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 December 19, 2024 at 136.10 and reached 159.20 on April 17, 2025. ATO gained -23.10 points, or -16.97%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 142.42 and resistance is at 160.04. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 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 April 7, 2025 at 141.60 and reached 159.20 on April 17, 2025. ATO gained -17.60 points, or -12.43%, in 10 days. The price is now at the 9.43% 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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