Atmos Energy ATO Proactive Strategies

Source: Stock Traders Daily

Longer Term Trading Plans for ATO
  • Buy ATO over 105.29 target 113.69 stop loss @ 104.99 Details
  • The technical summary data tells us to buy ATO near 105.29 with an upside target of 113.69. This data also tells us to set a stop loss @ 104.99 to protect against excessive loss in case the stock begins to move against the trade. 105.29 is the first level of support below 107.04 , and by rule, any test of support is a buy signal. In this case, support 105.29 would be being tested, so a buy signal would exist.

  • Short ATO under 113.69, target 105.29, stop loss @ 114.02 Details
  • The technical summary data is suggesting a short of ATO as it gets near 113.69 with a downside target of 105.29. We should have a stop loss in place at 114.02though. 113.69 is the first level of resistance above 107.04, and by rule, any test of resistance is a short signal. In this case, if resistance 113.69 is being tested, so a short signal would exist.

Swing Trading Plans for ATO
  • Buy ATO over 113.69, target 122.11, Stop Loss @ 113.36 Details
  • If 113.69 begins to break higher, the technical summary data tells us to buy ATO just over 113.69, with an upside target of 122.11. The data also tells us to set a stop loss @ 113.36 in case the stock turns against the trade. 113.69 is the first level of resistance above 107.04, and by rule, any break above resistance is a buy signal. In this case, 113.69, 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 near 113.69, target 105.29, Stop Loss @ 114.02. Details
  • The technical summary data is suggesting a short of ATO if it tests 113.69 with a downside target of 105.29. We should have a stop loss in place at 114.02 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, 113.69, 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 over 107.06, target 113.69, Stop Loss @ 106.81 Details
  • If 107.06 begins to break higher, the technical summary data tells us to buy ATO just over 107.06, with an upside target of 113.69. The data also tells us to set a stop loss @ 106.81 in case the stock turns against the trade. 107.06 is the first level of resistance above 107.04, and by rule, any break above resistance is a buy signal. In this case, 107.06, 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 near 107.06, target 105.29, Stop Loss @ 107.31. Details
  • The technical summary data is suggesting a short of ATO if it tests 107.06 with a downside target of 105.29. We should have a stop loss in place at 107.31 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, 107.06, 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.

ATO Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Strong
P1 0 0 105.29
P2 104.51 99.19 113.69
P3 107.06 104.25 122.11

ATO Long Term Analysis for June 24 2022


ATO Swing Trading Analysis for June 24 2022


ATO Day Trading Analysis for June 24 2022

Don't over think it!  Trading Atmos Energy (NYSE: ATO) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ATO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ATO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ATO too.  All of these are offered below the Summary Table.

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