Atmos Energy Corporation (ATO) Stock: What Does the Chart Say Wednesday?

Wednesday, November 23, 2022 03:01 PM | InvestorsObserver Analysts

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The market has been high on Atmos Energy Corporation (ATO) stock recently. ATO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Atmos Energy Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ATO!
See Full ATO Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ATO Stock Today?

Atmos Energy Corporation (ATO) stock is trading at $117.66 as of 2:53 PM on Wednesday, Nov 23, an increase of $0.12, or 0.1% from the previous closing price of $117.54. Volume today is light. So far 319,219 shares have traded compared to average volume of 827,924 shares. The stock has traded between $116.99 and $118.14 so far today. To screen for more stocks like Atmos Energy Corporation click here.

More About Atmos Energy Corporation

Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities. Click Here to get the full Stock Report for Atmos Energy Corporation stock.

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