The Greedy Trader Weekly Analysis
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Quarterly Price vs. Trendline:Testing Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

American Tower Corp. (AMT)

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend support at 260.80The price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was a first positive week for the American Tower Corp. (AMT). During the week, the AMT gained 5.06 points, or 1.97%, and closed at 261.39 on Friday, July 31, 2020. Weekly volume was -40% below average.

Long-term trend: [See AMT long-term trend chart]
A long-term uptrend had started on October 22, 2002 at 0.60 and reached 272.20 on July 29, 2020. AMT gained -271.60 points, or -45266.67%, in 927 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (129.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See AMT medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 83.07 and reached 272.20 on July 29, 2020. AMT gained -189.13 points, or -227.68%, in 232 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (204.84) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See AMT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AMT short-term trend chart]
A short-term uptrend had started on March 23, 2020 at 174.32 and reached 272.20 on July 29, 2020. AMT gained -97.88 points, or -56.15%, in 128 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (260.80) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.23% on Friday. It is 51.35% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.38
Williams' Percentage Range (W%R) 53.80
Lane's Stochastic (%D-Slow) 68.54
Greed/Fear Indicator (GFI) 57.37
Moving Average Converg./Diverg. (MACD) 1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.82
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 78.32
Bearish
Greed/Fear Indicator (GFI) 74.46
Moving Average Converg./Diverg. (MACD) 8.47 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 273.91
Upper Bollinger Band 269.31
Weekly Stochastic Crossing 266.36
Daily Stochastic Crossing 266.29
20 Day Moving Average 261.53
Price 261.39
Weekly Trendline Support 260.80
50 Day Moving Average 259.63
Parabolic System 255.12
Lower Bollinger Band 253.04
Quarterly Trendline Resistance 232.59
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Specialized REITs 82
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 253.15
Low Date 07/16/2020
High 272.20
High Date 07/29/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 273.91
Support 260.80
Low 174.32
Low Date 03/23/2020
High 272.20
High Date 07/29/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.37
Low Date 02/09/2018
High 272.20
High Date 07/29/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 232.59
Support 204.84
Low 83.07
Low Date 02/11/2016
High 272.20
High Date 07/29/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 154.12
Support 129.73
Low 0.60
Low Date 10/22/2002
High 272.20
High Date 07/29/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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