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Integrated Telecommunication Services Industry Stocks Technical Analysis - T

Archive
- 4/19/2024 -
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AT&T Inc. (T) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
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It was a first positive week for the AT&T Inc. (T). During the week, the T gained 0.20 points, or 1.23%, and closed at 16.51 on Friday, April 19, 2024. T was trading at average weekly trading volume.

Long-term trend: [See T long-term trend chart]
A long-term uptrend had started on July 18, 2023 at 13.43 and reached 18.16 on February 1, 2024. T gained -4.73 points, or -35.22%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (17.21) 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 T medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 17.88 and reached 15.94 on April 16, 2024. T lost 1.94 points, or 10.85%, in 1 weeks. The price is now at the 29.38% retracement level.

Weekly Technical Indicators: [See T weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See T short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 15.94 and reached 16.52 on April 19, 2024. T gained -0.58 points, or -3.64%, in 3 days. Price is near the trend high.

Daily Technical Indicators: [See T daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 8, 2024.

A Parabolic SAR (stop and reversal) indicator (16.54) comes close to the price (16.51). It indicates that the trend is getting weaker. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 25.85
Williams' Percentage Range (W%R) 79.90
Lane's Stochastic (%D-Slow) 20.19
Greed/Fear Indicator (GFI) 22.05
Moving Average Converg./Diverg. (MACD) -0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.28
Williams' Percentage Range (W%R) 82.40
Oversold
Lane's Stochastic (%D-Slow) 40.10
Greed/Fear Indicator (GFI) 35.59
Moving Average Converg./Diverg. (MACD) 0.31
Trading Signals
Description Value Chart
Upper Bollinger Band 17.85
Monthly Trendline Resistance 17.81
Monthly Trendline Support 17.21
50 Day Moving Average 16.98
20 Day Moving Average 16.95
Weekly Stochastic Crossing 16.67
Parabolic System 16.54
Price 16.51
Daily Stochastic Crossing 16.14
Lower Bollinger Band 15.69
Sector and Industry
Description Name Rank
Sector Communication Services 4
Industry Integrated Telecommunication Services 31
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 15.94
Low Date 04/16/2024
High 16.52
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 17.88
High Date 04/04/2024
Low 15.94
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 17.81
Support 17.21
Low 13.43
Low Date 07/18/2023
High 18.16
High Date 02/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.98
High Date 11/18/2019
Low 13.43
Low Date 07/18/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.15
High Date 07/05/2016
Low 13.43
Low Date 07/18/2023
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.