When (ATO) Moves Investors should Listen
January 26, 2024, 12:54 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ATO
- Buy ATO slightly over 108.44 target 113.9 stop loss @ 108.13 Details
The technical summary data tells us to buy ATO near 108.44 with an upside target of 113.9. This data also tells us to set a stop loss @ 108.13 to protect against excessive loss in case the stock begins to move against the trade. 108.44 is the first level of support below 113.49 , and by rule, any test of support is a buy signal. In this case, support 108.44 would be being tested, so a buy signal would exist.
- Short ATO slightly under 113.9, target 108.44, stop loss @ 114.23 Details
The technical summary data is suggesting a short of ATO as it gets near 113.9 with a downside target of 108.44. We should have a stop loss in place at 114.23though. 113.9 is the first level of resistance above 113.49, and by rule, any test of resistance is a short signal. In this case, if resistance 113.9 is being tested, so a short signal would exist.
Swing Trading Plans for ATO
- Buy ATO slightly over 113.9, target 118.57, Stop Loss @ 113.57 Details
If 113.9 begins to break higher, the technical summary data tells us to buy ATO just slightly over 113.9, with an upside target of 118.57. The data also tells us to set a stop loss @ 113.57 in case the stock turns against the trade. 113.9 is the first level of resistance above 113.49, and by rule, any break above resistance is a buy signal. In this case, 113.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ATO slightly near 113.9, target 112.39, Stop Loss @ 114.23. Details
The technical summary data is suggesting a short of ATO if it tests 113.9 with a downside target of 112.39. We should have a stop loss in place at 114.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 113.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ATO
- Buy ATO slightly over 113.9, target 118.57, Stop Loss @ 113.63 Details
If 113.9 begins to break higher, the technical summary data tells us to buy ATO just slightly over 113.9, with an upside target of 118.57. The data also tells us to set a stop loss @ 113.63 in case the stock turns against the trade. 113.9 is the first level of resistance above 113.49, and by rule, any break above resistance is a buy signal. In this case, 113.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ATO slightly near 113.9, target 113.11, Stop Loss @ 114.17. Details
The technical summary data is suggesting a short of ATO if it tests 113.9 with a downside target of 113.11. We should have a stop loss in place at 114.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 113.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Atmos Energy Corporation (ATO) available here: ATO.
ATO Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
108.44 |
| P2 |
111.74 |
109.59 |
113.9 |
| P3 |
113.11 |
112.39 |
118.57 |
AI Generated Signals for ATO
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Atmos Energy Corporation (NYSE: ATO) report below is a real world example. Included are trading plans for ATO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ATO:
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