Previous Hold Today ATO ranks #1366 as HOLD CANDIDATE. Next Hold
Today ATO ranks #1366 as HOLD CANDIDATE.

ATO stock Atmos Energy Corporation

ATO stock
Atmos Energy Corporation

22 January 2019
Change -0.24%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
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Predict

Atmos Energy Corporation Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-22
Shorts 1.78% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta 0.21
ROA 5.33

Atmos Energy Corporation fell by -0.24% in the last day from $95.43 to $95.20 The price has risen in 6 of the last 10 days and is up by 4.59% over the past 2 weeks. Volume has increased in the last day by 159 675 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 543 695 shares bought and sold for approximately $51.76 million.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ATO stock was $95.20. This is 0.24% less than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 1.51% from a day low at $94.31 to a day high of $95.73.

30 day high of the ATO stock price was $95.73 and low was $87.88.
90 day high was $100.76 and low was $87.88.
52 week high for the Atmos Energy Corporation - $100.76 and low - $76.46.

Trend

Atmos Energy Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.87% during the next 3 months and, with 90% probability hold a price between $84.74 and $94.07 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Atmos Energy Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $93.69 and $94.26. A break down below any of these levels will issue sell signals.

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Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Atmos Energy Corporation finds support from accumulated volume at $94.46.

Support: $94.46 Price: $95.20 Resistance: $95.56

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.42 (1.51%) between high and low. For the last week, the stock has had a daily average volatility of 1.62%.

Our recommended stoploss: $92.18 (-3.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Atmos Energy Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today ATO ranks #1366 as HOLD CANDIDATE. Next Hold
Today ATO ranks #1366 as HOLD CANDIDATE.