The Greedy Trader Weekly Analysis
Sign In Jan 17, 2020
Skip Navigation Links
TA Search
Quarterly Price vs. Trendline:Testing Resistance
Number of records: 6
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
Move cursor over the icon to see details.

It was a first positive week for the American Tower Corp. (AMT). During the week, the AMT climbed 2.19 points, or 0.96%, and closed at 230.80 on Friday, January 10, 2020. Weekly volume was -41% below average.

AMT is a member of Technology Sector. Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AMT long-term trend chart]
A long-term uptrend had started on October 22, 2002 at 0.60 and reached 242.00 on September 4, 2019. AMT gained -241.40 points, or -40233.33%, in 880 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (125.04) 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 242.00 on September 4, 2019. AMT gained -158.93 points, or -191.32%, in 185 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (189.04) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since September 13, 2019. The distance between MACD and the signal line is low and getting smaller. 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 November 5, 2019 at 202.91 and reached 231.15 on January 2, 2020. AMT gained -28.24 points, or -13.92%, in 58 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.64
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 52.84
Greed/Fear Indicator (GFI) 68.37
Moving Average Converg./Diverg. (MACD) 3.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.72
Williams' Percentage Range (W%R) 35.60
Lane's Stochastic (%D-Slow) 66.97
Greed/Fear Indicator (GFI) 61.25
Moving Average Converg./Diverg. (MACD) 4.56
Trading Signals
Description Value Chart
Upper Bollinger Band 237.13
Price 230.80
Daily Stochastic Crossing 226.64
Weekly Stochastic Crossing 225.42
20 Day Moving Average 224.08
Parabolic System 221.40
Quarterly Trendline Resistance 216.79
50 Day Moving Average 216.75
Lower Bollinger Band 211.25
Quarterly Trendline Support 189.04
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Diversified Commun Svcs 51
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 202.91
Low Date 11/05/2019
High 231.15
High Date 01/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 242.00
High Date 09/04/2019
Low 202.91
Low Date 11/05/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.37
Low Date 02/09/2018
High 242.00
High Date 09/04/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 216.79
Support 189.04
Low 83.07
Low Date 02/11/2016
High 242.00
High Date 09/04/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 149.43
Support 125.04
Low 0.60
Low Date 10/22/2002
High 242.00
High Date 09/04/2019
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.

Copyright© 2004-2018 All rights reserved.