Atmos Energy Corporation | ATO

Daily Technical Analysis of Atmos Energy Corporation

Atmos Energy moved up less than 1% today. The market isn't being very decisive in its valuation of Utilities company. The Utilities company is reaching a decent resistance line that the price has bounced off of in the past, market participants may view the asset as being over priced beyond this point. Some investors may choose to take profit or short sell at points like this. But if the market perceives a material appreciation it could break out higher. Atmos Energy has been drifting up over the last few months, we'll see if it has the energy to break through or if buyers decide to take profit.

If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $146.26 level, hard to say where it will go from there though.

Analyst Ratings for Atmos Energy By Price Target And Rating

The analysts are pretty neutral on Atmos Energy right now, so not much useful information here. The current Analysts Sentiment Score is -0.22. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-01-22 Barclays lowered their price target by -0.86% to $115.00. Mizuho gave a boost to their price target and moved to $133.00 from $131.00 on 2023-12-14. Morgan Stanley announced a lowering of their price target to $110.00 from $115.00 on 2023-11-21. On 2023-08-28 Wells Fargo & Company downgraded Atmos Energy from Overweight to Equal Weight and dropped their 1 year price target to $128.00 which is down from $132.00. Bank of America announced a lowering of their price target to $130.00 from $135.00 on 2023-08-16. On 2023-02-14 Citigroup increased their price target by 16.82% to $125.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Atmos Energy

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Atmos Energy

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.