How To Trade Atmos Energy ATO

Source: Stock Traders Daily

Longer Term Trading Plans for ATO
  • Buy ATO slightly slightly over 113.24 target 121.05 stop loss @ 112.91 Details
  • The technical summary data tells us to buy ATO near 113.24 with an upside target of 121.05. This data also tells us to set a stop loss @ 112.91 to protect against excessive loss in case the stock begins to move against the trade. 113.24 is the first level of support below 113.33 , and by rule, any test of support is a buy signal. In this case, support 113.24 would be being tested, so a buy signal would exist.

  • Short ATO slightly under 121.05, target 113.24, stop loss @ 121.4 Details
  • The technical summary data is suggesting a short of ATO as it gets near 121.05 with a downside target of 113.24. We should have a stop loss in place at 121.4though. 121.05 is the first level of resistance above 113.33, and by rule, any test of resistance is a short signal. In this case, if resistance 121.05 is being tested, so a short signal would exist.

Swing Trading Plans for ATO
  • Buy ATO slightly slightly over 114.48, target 121.05, Stop Loss @ 114.15 Details
  • If 114.48 begins to break higher, the technical summary data tells us to buy ATO just slightly over 114.48, with an upside target of 121.05. The data also tells us to set a stop loss @ 114.15 in case the stock turns against the trade. 114.48 is the first level of resistance above 113.33, and by rule, any break above resistance is a buy signal. In this case, 114.48, 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 114.48, target 113.24, Stop Loss @ 114.81. Details
  • The technical summary data is suggesting a short of ATO if it tests 114.48 with a downside target of 113.24. We should have a stop loss in place at 114.81 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, 114.48, 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 slightly over 113.89, target 114.48, Stop Loss @ 113.62 Details
  • If 113.89 begins to break higher, the technical summary data tells us to buy ATO just slightly over 113.89, with an upside target of 114.48. The data also tells us to set a stop loss @ 113.62 in case the stock turns against the trade. 113.89 is the first level of resistance above 113.33, and by rule, any break above resistance is a buy signal. In this case, 113.89, 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 113.89, target 113.24, Stop Loss @ 114.16. Details
  • The technical summary data is suggesting a short of ATO if it tests 113.89 with a downside target of 113.24. We should have a stop loss in place at 114.16 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, 113.89, 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 Ratings for September 23:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 113.24
P2 112.27 111.43 121.05
P3 113.89 114.48 128.93

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ATO Long Term Analysis for September 23 2022


ATO Swing Trading Analysis for September 23 2022


ATO Day Trading Analysis for September 23 2022

This report provides trading strategies for Atmos Energy (NYSE: ATO) while incorporating risk controls.

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.

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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.