Atlas Energy should have a new bearish trend in the coming trading sessions.

From a fundamental viewpoint, the group has not sufficient quality to hope for a continuation of its bullish trend. The valuation seems excessive with an EV/Sales ratio higher than its peers. The incapacity to be profitable represent also a major problem.

Graphically, the security is trading in a bearish trend. In the short-term, the stock has rebounded on the USD 45 support area toward its mid-term resistance. This rebound seems technical and is not likely to continue. Indeed, moving averages in the long-term are still in a downtrend and that argue for a continuation of the decrease in prices.

Investors can anticipate a return toward support area in the coming trading sessions. They can take a short position in Atlas Energy with a target price fixed on the short-term support at USD 45. A stop loss order could be placed above the USD 47.9 resistance area.