Weaker Buy Today ATO ranks #480 as BUY CANDIDATE #480 Stronger Buy

ATO stock forecast Atmos Energy Corporation

ATO stock forecast

Wednesday May 22, 2019 Change 0.81% Price $102.89
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will ATO stock price go up or down on Thu, 23 May 2019?

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Atmos Energy Corporation Forecast and Stock Analysis

Technical ATO stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-22
Shorts 3.34% ( 2019-04-15 )
Insider % n/a
Institutional % n/a
Beta 0.21
ROA 4.19%
Price to book USD 2.17
P/E Ratio 24.52
Next Earnings Date 2019-08-06


Atmos Energy Corporation gained 0.81% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $102.06 to $102.89 During day the stock fluctuated 1.01% from a day low at $101.90 to a day high of $102.93. The price has risen in 6 of the last 10 days and is up by 2.13% over the past 2 weeks. Volume fell in the last day by -137 527 shares, and in total, 579 010 shares bought and sold for approximately $59.57 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ATO stock price was $103.42 and low was $98.66.
  • 90 day high was $104.07 and low was $97.34.
  • 52 week high for the Atmos Energy Corporation - $104.07 and low - $84.35.

Trend

Given the current horizontal trend you can expect Atmos Energy Corporation with 90% probability to be traded between $101.64 and $106.96 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Only positive signals in the chart today. Atmos Energy Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $102.04 and $101.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday May 15, 2019, which indicates further gains 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 may be an early warning. The stock should be watched closely.

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A buy signal from a double bottom formation was found on Wednesday May 15, 2019 and based on theory for this formation the price should go up by 2.29% to $102.99 within 4 trading days since signal was issued (Tuesday May 21, 2019).

Relative Strength Index (RSI)

RSI14 is 54 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 $102.66.

Support: $102.66 Price: $102.89 Resistance: $102.93

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 $1.03 (1.01%) between high and low. For the last week, the stock has had a daily average volatility of 1.33%.

Our recommended stoploss: $97.88 (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

1.33 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate Upgraded
Weaker Buy Today ATO ranks #480 as BUY CANDIDATE #480 Stronger Buy
ATO $102.89 ($0.83 0.81%)
ATO is up $0.83 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for ATO based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will ATO stock price go up or down
on Thu, 23 May 2019?

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