Live monitoring of the Descending Triangle setup on ATO. See where price is heading.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Market participants tracking Atmos Energy should note the latest formation. Currently at $176.3, the asset is showing upward momentum (0.17%). The primary technical feature is a Double Bottom formation. Volume is average (0.51x avg) with moderate trend strength (57.5). A potential breakout level is identified at $192.31, targeting $209.39 with support near $183.77 (R:R 2.0).
What is your outlook on ATO?