The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 7/24/2026 -
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AT&T Inc. (T) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorStochastic signal line moved above oversold areaBroken trend resistance line
Daily :Relative Strength Index is overboughtPrice has crossed above the 50 Day Moving AverageThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the AT&T Inc. (T). During the week, the T gained 2.32 points, or 10.64%, and closed at 24.13 on Friday, July 24, 2026. Weekly volume was 165% above average.

T is a member of Communication Services Sector. Communication Services is the second most oversold 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 T long-term trend chart]
A long-term uptrend had started on July 18, 2023 at 13.43 and reached 29.79 on September 5, 2025. T gained -16.36 points, or -121.82%, in 111 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (24.80) 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 March 24, 2026 at 29.44 and reached 19.89 on July 2, 2026. T lost 9.55 points, or 32.44%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (18.09) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. T may retest the broken resistance line. It is considered to be a support line now. 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 T weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since April 24, 2026. This is an indication that the medium-term trend is down. 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 July 2, 2026 at 19.89 and reached 24.13 on July 24, 2026. T gained -4.24 points, or -21.32%, in 22 days. Price is near the trend high.

Daily Technical Indicators: [See T daily technical indicators chart]
Daily Relative Strength Index is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since July 9, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 87.37
Overbought
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 77.88
Greed/Fear Indicator (GFI) 79.53
Moving Average Converg./Diverg. (MACD) -0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.08
Williams' Percentage Range (W%R) 67.40
Lane's Stochastic (%D-Slow) 23.44
Greed/Fear Indicator (GFI) 33.71
Moving Average Converg./Diverg. (MACD) -0.84
Trading Signals
Description Value Chart
Yearly Trendline Support 24.80
Price 24.13
Upper Bollinger Band 24.11
Daily Stochastic Crossing 23.61
50 Day Moving Average 22.91
Parabolic System 22.44
20 Day Moving Average 21.68
Weekly Stochastic Crossing 21.33
Monthly Trendline Resistance 20.92
Lower Bollinger Band 20.37
Sector and Industry
Description Name Rank
Sector Communication Services 2
Industry Integrated Telecommunication Services 15
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.89
Low Date 07/02/2026
High 24.13
High Date 07/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.89
Low Date 07/02/2026
High 24.13
High Date 07/24/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 20.92
Support 18.09
High 29.44
High Date 03/24/2026
Low 19.89
Low Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.79
High Date 09/05/2025
Low 19.89
Low Date 07/02/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 29.22
Support 24.80
Low 13.43
Low Date 07/18/2023
High 29.79
High Date 09/05/2025
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.