Hashing Out the Numbers: Checking on the Technicals for Atmos Energy Corp (NYSE:ATO)

In terms of moving averages for Atmos Energy Corp (NYSE:ATO), the 200-day is currently at 104.13, the 50-day is 111.34, and the 7-day is resting at 112.29. The moving average is a popular investing tool among traders. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a change in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

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Most importantly investors want to know where the stock is headed from here. In order to get a sense of Wall Street sentiment, we can look to equity research analyst estimates. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Atmos Energy Corporation (NYSE:ATO) currently has an average brokerage recommendation of 2.3 according to analysts. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. The same analysts have a future one-year price target of $116.11 on the shares.  This is compared to the recent price of 112.48.

An RSI approaching 70 is typically deemed to be nearing overbought status and could be ripe for a pullback. Alternatively an RSI nearing 30 indicates that the stock could be getting oversold and might be considered undervalued. The RSI for Atmos Energy Corporation (NYSE:ATO) currently stands at 53.07. The firm is yielding 4.90% return on assets and 11.50% return on equity.

When completing stock analysis, investors and traders may opt to review other technical levels. Atmos Energy Corp (NYSE:ATO) currently has a 14-day Commodity Channel Index (CCI) of 57.62. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. The Average Directional Index or ADX is often considered to be an important tool for technical trading or investing. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Presently, the 14-day ADX is resting at 10.51.

Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

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