The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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American Tower Corp.
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the American Tower Corp. (AMT). During the week, the AMT dropped -1.81 points, or -1.20%, and closed at 149.18 on Friday, August 10, 2018. Weekly volume was -44% below average.

Long-term trend: [See AMT long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 83.07 and reached 155.28 on November 8, 2017. AMT gained -72.21 points, or -86.93%, in 90 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 144.24 and resistance is at 166.78. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See AMT medium-term trend chart]
A medium-term downtrend had started on November 8, 2017 at 155.28 and reached 130.37 on February 9, 2018. AMT lost 24.91 points, or 16.04%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (137.88) 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. AMT 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 AMT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly 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 weekly MACD line is above its signal line since June 22, 2018. Use the following link to access a MACD help.

Short-term trend: [See AMT short-term trend chart]
A short-term uptrend had started on April 27, 2018 at 133.53 and reached 151.63 on August 6, 2018. AMT gained -18.10 points, or -13.56%, in 101 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 30, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (147.86) comes close to the price (149.18). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.99
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 80.25
Overbought
Greed/Fear Indicator (GFI) 79.34
Moving Average Converg./Diverg. (MACD) 1.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.27
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 75.10
Greed/Fear Indicator (GFI) 75.57
Moving Average Converg./Diverg. (MACD) 0.66
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 166.78
Upper Bollinger Band 154.53
Daily Stochastic Crossing 150.62
Price 149.18
Weekly Stochastic Crossing 148.00
Parabolic System 147.86
20 Day Moving Average 145.60
Quarterly Trendline Support 144.24
Monthly Trendline Resistance 143.67
50 Day Moving Average 143.08
Lower Bollinger Band 138.86
Monthly Trendline Support 137.88
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Diversified Commun Svcs 148
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 133.53
Low Date 04/27/2018
High 151.63
High Date 08/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.37
Low Date 02/09/2018
High 151.63
High Date 08/06/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 143.67
Support 137.88
High 155.28
High Date 11/08/2017
Low 130.37
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 166.78
Support 144.24
Low 83.07
Low Date 02/11/2016
High 155.28
High Date 11/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 0.60
Low Date 10/22/2002
High 155.28
High Date 11/08/2017
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.

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