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Advanced TA SearchArchive
- 5/10/2024 -
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AT&T Inc. (T) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the AT&T Inc. (T). During the week, the T gained 0.32 points, or 1.90%, and closed at 17.17 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -41% 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 (17.51) 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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (17.13) 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.
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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 8.21% retracement level.
 Daily Technical Indicators: [See T daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up.
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.
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