Comments include: ATO, DLR, QCOM, SRE, TSLA, & UAL.
| ATO Atmos Energy Corp ($166.32) - Gas Utilities - ATO broke a double bottom at $166 to mark the lowest level since February. The break is a notable continuation of downside since the stock peaked at $192 in April, and follows the deterioration from a 4 technical attribute stock down to a 2 TA rating. From here, support lies in the lower $160s, while additional can be found at $150. |
| DLR Digital Realty Trust, Inc. ($185.01) - Real Estate - DLR fell Monday to break a spread quadruple bottom at $184 before dropping to $182 intraday. This moves the stock to a negative trend and demotes it to a 1 for 5 TA rating. The weight of the technical evidence is weak and deteriorating. Long exposure should be avoided. Further support can be seen at $172. Overhead resistance may be seen initially at $196. |
| QCOM QUALCOMM Incorporated ($170.48) - Semiconductors - Shares of QCOM completed a third consecutive buy signal on Monday, breaking a double top at $168. QCOM has now bounced notably off its bottom from August but the 0 for 5'er still remains a low attribute name to avoid. The bearish resistance line is ahead at $180 with additional resistance at $178. |
| SRE Sempra Energy ($81.99) - Gas Utilities - SRE broke a double bottom at $82 for a third sell signal in the month of August as shares fell to $80, marking the lowest level since Septmeber 2025. The break continues deterioration that began in July with the negative trend change followed by a market RS chart reversal into Os earlier this month, which dropped the stock down to a 1 for 5'er. From here, support lies at $79 and in the $73 to $74 range. |
| TSLA Tesla Inc. ($366.45) - Autos and Parts - TSLA broke a double top at $368 for a fourth buy signal in August. The move also penetrates the bearish resistance line, flipping the trend back to positive and increasing the stock up to a 2 for 5'er after seeing the peer RS chart return to Xs in recent weeks. From here, notable resistance resides in the low to mid $400 range. Initial support can be found at $344, while the bullish support line lies at $332. |
| UAL United Airlines Holdings Inc. ($107.92) - Aerospace Airline - UAL a broke a triple bottom at $110 to return to a sell signal as shares fell to $108. Prior to the signal swtich, UAL had fallen to a 3 for 5'er after seeing the market RS chart reverse down into Os on 8/20. From here, the bullish support line resides at $104, while additional support can be found at $102 before getting to support in the mid to upper $80s. |
