Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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
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Atmos Energy Corporation stock price up 0.516% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.52% PDF

The Atmos Energy Corporation stock price gained 0.516% on the last trading day (Thursday, 28th Mar 2024), rising from $118.26 to $118.87. During the last trading day the stock fluctuated 0.98% from a day low at $117.89 to a day high of $119.05. The price has risen in 6 of the last 10 days and is up by 3.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 518 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $150.42 million.

The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $116.07 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $120.93 sometime during the next 3 months.

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ATO Signals & Forecast

The Atmos Energy Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $116.91 and $114.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 6.50%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

Atmos Energy Corporation finds support from accumulated volume at $116.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.16 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.36%.

Our recommended stop-loss: $112.53 (-5.33%) (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 Monday 1st

For the upcoming trading day on Monday, 1st we expect Atmos Energy Corporation to open at $118.60, and during the day (based on 14 day Average True Range), to move between $117.23 and $120.51, which gives a possible trading interval of +/-$1.64 (+/-1.38%) up or down from last closing price. If Atmos Energy Corporation takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $116.52, some $2.35 (1.98%) from the current price of $118.87, our system finds the risk reward attractive.

Is Atmos Energy Corporation stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Atmos Energy Corporation stock to perform well in the short-term period.

Current score: 3.604 Buy Candidate Unchanged

Predicted Opening Price for Atmos Energy Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$118.60 ( 0.224%) $118.87

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
Resistance R3 119.76 0.752 %
R2 119.32 0.379 %
R1 119.05 0.148 %
Current price: 118.87
Support S1 118.16 -0.597 %
S2 117.89 -0.83 %
S3 117.44 -1.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 118.87
Support S1 116.52 -1.98%
S2 114.90 -3.34%
S3 114.55 -3.63%

ATO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 06, 2024 Feb 23, 2024 Mar 11, 2024 $0.81 0.688%
2 Nov 08, 2023 Nov 24, 2023 Dec 11, 2023 $0.81 0.710%
3 Aug 02, 2023 Aug 21, 2023 Sep 05, 2023 $0.740 0.659%
4 Aug 02, 2023 Aug 18, 2023 Sep 05, 2023 $0.740 0.659%
5 May 03, 2023 May 19, 2023 Jun 05, 2023 $0.740 0.646%

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?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Atmos Energy Corporation stock to perform well in the short-term period.

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 2024-03-28, the price of an Atmos Energy Corporation (ATO) share was $118.87.

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 2024-03-28, the market capitalization of Atmos Energy Corporation is 17.93B.

When is the next earnings date for Atmos Energy Corporation?
The upcoming earnings date for Atmos Energy Corporation is May 01, 2024.
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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

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