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| Weekly Pattern: | Falling Channel |
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- 5/10/2024 -
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American Tower Corp. (AMT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the American Tower Corp. (AMT). During the week, the AMT gained 2.71 points, or 1.49%, and closed at 184.49 on Friday, May 10, 2024. Weekly volume was 14% above average.
 Long-term trend: [See AMT long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 154.58 and reached 219.10 on January 2, 2024. AMT gained -64.52 points, or -41.74%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (195.41) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See AMT medium-term trend chart]
A medium-term downtrend had started on January 2, 2024 at 219.10 and reached 170.46 on April 30, 2024. AMT lost 48.64 points, or 22.20%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 168.51 and resistance is at 197.58. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See AMT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See AMT short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 209.61 and reached 170.46 on April 30, 2024. AMT lost 39.15 points, or 18.68%, in 56 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (165.55) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMT may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 26, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Real Estate |
5 |
| Industry |
Specialized REITs |
29 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
170.46 |
| Low Date |
04/30/2024 |
| High |
187.75 |
| High Date |
05/09/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
175.28 |
| Support |
165.55 |
| High |
209.61 |
| High Date |
03/05/2024 |
| Low |
170.46 |
| Low Date |
04/30/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
197.58 |
| Support |
168.51 |
| High |
219.10 |
| High Date |
01/02/2024 |
| Low |
170.46 |
| Low Date |
04/30/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
199.24 |
| Support |
195.41 |
| Low |
154.58 |
| Low Date |
10/06/2023 |
| High |
219.10 |
| High Date |
01/02/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
303.72 |
| High Date |
09/08/2021 |
| Low |
154.58 |
| Low Date |
10/06/2023 |
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