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Downtrend Broken Resist.Archive
- 4/5/2024 -
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AT&T Inc. (T) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the AT&T Inc. (T). During the week, the T dropped -0.18 points, or -1.02%, and closed at 17.42 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -8% below average.
 Long-term trend: [See T long-term trend chart]
A long-term downtrend had started on November 18, 2019 at 29.98 and reached 13.43 on July 18, 2023. T lost 16.55 points, or 55.20%, in 191 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See T medium-term trend chart]
A medium-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 price is now at the 15.64% retracement level.
 Weekly Technical Indicators: [See T weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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.
The weekly MACD line is above its signal line since September 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend 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 February 22, 2024 at 16.42 and reached 17.88 on April 4, 2024. T gained -1.46 points, or -8.89%, in 42 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 17.10 and resistance is at 17.93. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See T daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The distance between the Bollinger Bands is falling, and it was 4.59% on Friday. It is 54.73% 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.
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