The Greedy Trader Weekly Analysis
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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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- 1/2/2026 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the Atmos Energy Corp (ATO). During the week, the ATO climbed 1.23 points, or 0.73%, and closed at 169.36 on Friday, January 2, 2026. Weekly volume was -45% below average.

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 180.65 on November 6, 2025. ATO gained -94.85 points, or -110.55%, in 214 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (119.45) 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 180.65 on November 6, 2025. ATO gained -79.65 points, or -78.86%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 166.50 and resistance is at 183.65. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 November 28, 2025. The distance between MACD and the signal line is near its high and getting bigger. 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 December 22, 2025 at 165.37 and reached 170.11 on January 2, 2026. ATO gained -4.74 points, or -2.87%, in 11 days. The price is now at the 15.82% 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 December 23, 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 moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.07
Williams' Percentage Range (W%R) 73.70
Lane's Stochastic (%D-Slow) 59.35
Greed/Fear Indicator (GFI) 47.58
Moving Average Converg./Diverg. (MACD) -1.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.36
Williams' Percentage Range (W%R) 65.70
Lane's Stochastic (%D-Slow) 21.87
Greed/Fear Indicator (GFI) 34.15
Moving Average Converg./Diverg. (MACD) 4.80
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 183.65
50 Day Moving Average 172.22
Upper Bollinger Band 172.01
Price 169.36
20 Day Moving Average 168.40
Daily Stochastic Crossing 168.35
Weekly Stochastic Crossing 167.91
Monthly Trendline Resistance 167.16
Quarterly Trendline Support 166.50
Lower Bollinger Band 166.45
Parabolic System 166.17
Monthly Trendline Support 164.97
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Gas Utilities 61
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 165.37
Low Date 12/22/2025
High 170.11
High Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 165.37
Low Date 12/22/2025
High 170.11
High Date 01/02/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 167.16
Support 164.97
High 180.65
High Date 11/06/2025
Low 165.37
Low Date 12/22/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 183.65
Support 166.50
Low 101.00
Low Date 10/03/2023
High 180.65
High Date 11/06/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 129.76
Support 119.45
Low 85.80
Low Date 09/28/2021
High 180.65
High Date 11/06/2025
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.