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Downtrend ResistanceArchive
- 5/3/2024 -
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AT&T Inc. (T) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the AT&T Inc. (T). During the week, the T climbed 0.10 points, or 0.60%, and closed at 16.85 on Friday, May 3, 2024. Weekly volume was -15% below average.
 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 (17.41) 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 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 46.91% retracement level.
 Weekly Technical Indicators: [See T weekly technical indicators chart]
Weekly technical indicators are neutral.
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 17.28 on April 29, 2024. T gained -1.34 points, or -8.41%, in 13 days. The price is now at the 32.09% retracement level.
Daily Technical Indicators: [See T daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up.
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.
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