Trading (ATO) With Integrated Risk Controls
June 28, 2024, 14:36 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ATO
- Buy ATO slightly over 114.99 target 119.91 stop loss @ 114.66 Details
The technical summary data tells us to buy ATO near 114.99 with an upside target of 119.91. This data also tells us to set a stop loss @ 114.66 to protect against excessive loss in case the stock begins to move against the trade. 114.99 is the first level of support below 116.53 , and by rule, any test of support is a buy signal. In this case, support 114.99 is being tested, a buy signal would exist.
- Short ATO slightly under 119.91, target 114.99, stop loss @ 120.26 Details
The technical summary data is suggesting a short of ATO as it gets near 119.91 with a downside target of 114.99. We should have a stop loss in place at 120.26though. 119.91 is the first level of resistance above 116.53, and by rule, any test of resistance is a short signal. In this case, if resistance 119.91 is being tested, a short signal would exist.
Swing Trading Plans for ATO
- Buy ATO slightly over 117.81, target 119.91, Stop Loss @ 117.47 Details
If 117.81 begins to break higher, the technical summary data tells us to buy ATO just slightly over 117.81, with an upside target of 119.91. The data also tells us to set a stop loss @ 117.47 in case the stock turns against the trade. 117.81 is the first level of resistance above 116.53, and by rule, any break above resistance is a buy signal. In this case, 117.81, 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 117.81, target 115.91, Stop Loss @ 118.15. Details
The technical summary data is suggesting a short of ATO if it tests 117.81 with a downside target of 115.91. We should have a stop loss in place at 118.15 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, 117.81, 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 117.81, target 119.91, Stop Loss @ 117.54 Details
If 117.81 begins to break higher, the technical summary data tells us to buy ATO just slightly over 117.81, with an upside target of 119.91. The data also tells us to set a stop loss @ 117.54 in case the stock turns against the trade. 117.81 is the first level of resistance above 116.53, and by rule, any break above resistance is a buy signal. In this case, 117.81, 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 117.81, target 116.51, Stop Loss @ 118.08. Details
The technical summary data is suggesting a short of ATO if it tests 117.81 with a downside target of 116.51. We should have a stop loss in place at 118.08 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, 117.81, 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 June 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
109.57 |
| P2 |
115.06 |
115.91 |
114.99 |
| P3 |
116.51 |
117.81 |
119.91 |
AI Generated Signals for ATO
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ATO:
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