ATMOS ENERGY CORP. - Daily - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 109.55 USD
My targets
104.11 USD (-2.26%)
100.67 USD (-5.49%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ATMOS ENERGY CORP. as long as the price remains well below 109.55 USD. The sellers” bearish objective is set at 104.11 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 100.67 USD. In case of crossing, the next objective would be the support located at 99.36 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ATMOS ENERGY CORP. rating 106.52 USD. The price is lower by -0.23% since the last closing and was between 106.40 USD and 107.26 USD. This implies that the price is at +0.11% from its lowest and at -0.69% from its highest.106.40
107.26
106.52
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ATMOS ENERGY CORP.:
Technical
Technical analysis of this Daily chart of ATMOS ENERGY CORP. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 99.36 | 100.67 | 104.11 | 106.52 | 107.74 | 109.55 | 111.77 |
| Change (%) | -6.72% | -5.49% | -2.26% | - | +1.15% | +2.84% | +4.93% |
| Change | -7.16 | -5.85 | -2.41 | - | +1.22 | +3.03 | +5.25 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.39 | 105.70 | 106.23 | 106.54 | 107.07 | 107.38 | 107.91 |
| Camarilla | 106.53 | 106.61 | 106.68 | 106.76 | 106.84 | 106.91 | 106.99 |
| Woodie | 105.50 | 105.76 | 106.34 | 106.60 | 107.18 | 107.44 | 108.02 |
| Fibonacci | 105.70 | 106.02 | 106.22 | 106.54 | 106.86 | 107.06 | 107.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.42 | 105.26 | 106.16 | 106.99 | 107.89 | 108.73 | 109.63 |
| Camarilla | 106.58 | 106.74 | 106.90 | 107.06 | 107.22 | 107.38 | 107.54 |
| Woodie | 104.46 | 105.27 | 106.19 | 107.01 | 107.93 | 108.74 | 109.66 |
| Fibonacci | 105.26 | 105.92 | 106.33 | 106.99 | 107.65 | 108.06 | 108.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.57 | 102.33 | 104.70 | 108.46 | 110.82 | 114.58 | 116.94 |
| Camarilla | 105.38 | 105.94 | 106.50 | 107.06 | 107.62 | 108.18 | 108.74 |
| Woodie | 97.87 | 101.98 | 104.00 | 108.11 | 110.12 | 114.23 | 116.25 |
| Fibonacci | 102.33 | 104.67 | 106.12 | 108.46 | 110.79 | 112.24 | 114.58 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.85 | |
| MACD (12,26,9): | -0.8500 | |
| Directional Movement: | -6.11 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 106.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.38 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 109.64 | |
| Zig ZAG (10): | 106.52 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 33.09 | |
| TEMA (21): | 106.02 | |
| Williams %R (14): | -71.72 | |
| Chande Momentum Oscillator (20): | -1.54 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 2.79 |
| MA7: | 106.50 | |
| MA20: | 107.29 | |
| MA50: | 109.50 | |
| MA100: | 109.18 | |
| MAexp7: | 106.65 | |
| MAexp20: | 107.43 | |
| MAexp50: | 108.51 | |
| MAexp100: | 108.02 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -2.44% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -1.83% | |
| Price / MAexp100: | -1.39% |
News
The latest news and videos published on ATMOS ENERGY CORP. at the time of the analysis were as follows:
- Atmos Energy Corporation to Host Fiscal 2019 Year End Earnings Conference Call on November 7, 2019
- Atmos Energy Corporation Announces Retirement of Ruben E. Esquivel from Board of Directors
- Atmos Energy Corporation to Host Earnings Call
- Atmos Energy Corporation to Host Earnings Call
- Investor Network: Atmos Energy Corporation to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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