14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ATO
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Atmos Energy Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 11, 2024)

Hold candidate since Jun 11, 2024 PDF

The Atmos Energy Corporation stock price gained 0.234% on the last trading day (Tuesday, 11th Jun 2024), rising from $115.48 to $115.75. During the last trading day the stock fluctuated 1.16% from a day low at $114.47 to a day high of $115.80. The price has risen in 6 of the last 10 days and is up by 3.31% over the past 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 992 thousand shares were bought and sold for approximately $114.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Atmos Energy Corporation stock with a 90% probability to be traded between $110.88 and $120.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ATO Signals & Forecast

There are mixed signals in the stock today. The Atmos Energy Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $116.89. On a fall, the stock will find some support from the short-term average at $115.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.96%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Atmos Energy Corporation stock

Atmos Energy Corporation finds support from accumulated volume at $114.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.33 (1.16%) between high and low. For the last week, the stock has had daily average volatility of 1.06%.

Our recommended stop-loss: $109.45 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (ATO) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Atmos Energy Corporation to open at $115.34, and during the day (based on 14 day Average True Range), to move between $114.10 and $117.40, which gives a possible trading interval of +/-$1.65 (+/-1.42%) up or down from last closing price. If Atmos Energy Corporation takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $116.33 (0.50%) than the support at $114.90 (0.73%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Atmos Energy Corporation stock A Buy?

Atmos Energy Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.379 Hold/Accumulate Upgraded

Predicted Opening Price for Atmos Energy Corporation of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$115.34 ( 0.356%) $115.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ATO

Fibonacci Support & Resistance Levels

Level Price
R3 116.66 0.789%
R2 116.16 0.352%
R1 115.84 0.0816%
Price 115.75
S1 114.83 -0.793%
S2 114.52 -1.06%
S3 114.01 -1.50%

Accumulated Volume Support & Resistance Levels

Level Price
R3 118.64 2.50%
R2 117.18 1.24%
R1 116.33 0.501%
Price 115.75
S1 114.90 -0.734%
S2 114.55 -1.04%
S3 113.99 -1.52%

ATO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 24, 2024 May 24, 2024 Jun 10, 2024 $0.81 0.697%
2 Feb 06, 2024 Feb 23, 2024 Mar 11, 2024 $0.81 0.688%
3 Nov 08, 2023 Nov 24, 2023 Dec 11, 2023 $0.81 0.710%
4 Aug 02, 2023 Aug 21, 2023 Sep 05, 2023 $0.740 0.659%
5 Aug 02, 2023 Aug 18, 2023 Sep 05, 2023 $0.740 0.659%

FAQ

What is the symbol for Atmos Energy Corporation Stock and on which exchange is it traded?
The symbol for Atmos Energy Corporation is ATO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Atmos Energy Corporation Stock?
Atmos Energy Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Atmos Energy Corporation Stock?
Atmos Energy Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Atmos Energy Corporation Stock.

What's the current price of Atmos Energy Corporation Stock?
As of the end of day on the Jun 11, 2024, the price of an Atmos Energy Corporation (ATO) share was $115.75.

What is the 52-week high and low for Atmos Energy Corporation Stock?
The 52-week high for Atmos Energy Corporation Stock is $125.28 and the 52-week low is $101.00.

What is the market capitalization of Atmos Energy Corporation Stock?
As of the Jun 11, 2024, the market capitalization of Atmos Energy Corporation is 17.464B.

When is the next earnings date for Atmos Energy Corporation?
The upcoming earnings date for Atmos Energy Corporation is Aug 07, 2024.
Click to get the best stock tips daily for free!

About Atmos Energy Corporation

Atmos Energy Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately three million residential, com... ATO Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT