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Uptrend SupportArchive
- 4/26/2024 -
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AT&T Inc. (T) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the AT&T Inc. (T). During the week, the T gained 0.24 points, or 1.45%, and closed at 16.75 on Friday, April 26, 2024. Weekly volume was 33% above 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 (17.31) 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 41.75% 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 17.03 on April 24, 2024. T gained -1.09 points, or -6.84%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See T daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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