The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/30/2026 -
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Atmos Energy Corp (ATO) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal lineTrend resistance at 172.71
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fourth positive week after 4 consecutive negative weeks for the Atmos Energy Corp (ATO). During the week, the ATO climbed 0.20 points, or 0.12%, and closed at 172.41 on Friday, October 30, 2026. Weekly volume was -24% below 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 downtrend had started on April 9, 2026 at 192.51 and reached 154.72 on October 1, 2026. ATO lost 37.79 points, or 19.63%, in 25 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (172.71). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 1, 2026 at 154.72 and reached 174.41 on October 23, 2026. ATO gained -19.69 points, or -12.73%, in 3 weeks. The price is now at the 10.16% retracement level.

Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly technical indicators are neutral.

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 October 28, 2026 at 169.18 and reached 173.98 on October 30, 2026. ATO gained -4.80 points, or -2.84%, in 2 days. The price is now at the 32.71% retracement level.

Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since October 1, 2026. This is an indication that the short-term trend is up.

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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.46
Williams' Percentage Range (W%R) 6.90
Strong Overbought
Lane's Stochastic (%D-Slow) 69.12
Greed/Fear Indicator (GFI) 77.56
Moving Average Converg./Diverg. (MACD) 1.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.29
Williams' Percentage Range (W%R) 34.00
Lane's Stochastic (%D-Slow) 49.17
Greed/Fear Indicator (GFI) 55.15
Moving Average Converg./Diverg. (MACD) -2.99
Trading Signals
Description Value Chart
Upper Bollinger Band 176.80
Parabolic System 174.37
Quarterly Trendline Resistance 172.71
Price 172.41
Daily Stochastic Crossing 171.90
Weekly Stochastic Crossing 166.41
20 Day Moving Average 166.05
50 Day Moving Average 164.15
Lower Bollinger Band 157.49
Quarterly Trendline Support 151.75
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Gas Utilities 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 169.18
Low Date 10/28/2026
High 173.98
High Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 169.18
Low Date 10/28/2026
High 173.98
High Date 10/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.72
Low Date 10/01/2026
High 174.41
High Date 10/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 172.71
Support 151.75
High 192.51
High Date 04/09/2026
Low 154.72
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.80
Low Date 09/28/2021
High 192.51
High Date 04/09/2026
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.