The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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American Tower Corp.
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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the American Tower Corp. (AMT). During the week, the AMT gained 2.71 points, or 1.40%, and closed at 195.66 on Friday, May 10, 2019. It was the best weekly gain since March 29, 2019. Weekly volume was -28% 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 198.19 on April 1, 2019. AMT gained -115.12 points, or -138.58%, in 163 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (166.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See AMT medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 150.67 and reached 198.19 on April 1, 2019. AMT gained -47.52 points, or -31.54%, in 13 weeks. The price is now at the 5.32% retracement level.

Weekly Technical Indicators: [See AMT weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AMT short-term trend chart]
A short-term downtrend had started on April 1, 2019 at 198.19 and reached 188.53 on May 7, 2019. AMT lost 9.66 points, or 4.87%, in 36 days. The price is now at the 73.81% retracement level.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 29, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.13
Williams' Percentage Range (W%R) 58.20
Lane's Stochastic (%D-Slow) 49.43
Greed/Fear Indicator (GFI) 50.11
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.90
Overbought
Williams' Percentage Range (W%R) 11.90
Overbought
Lane's Stochastic (%D-Slow) 81.60
Overbought
Greed/Fear Indicator (GFI) 77.77
Moving Average Converg./Diverg. (MACD) 9.85
Trading Signals
Description Value Chart
Upper Bollinger Band 196.49
Weekly Stochastic Crossing 195.90
Price 195.66
20 Day Moving Average 193.15
Daily Stochastic Crossing 192.63
50 Day Moving Average 191.49
Quarterly Trendline Resistance 190.29
Lower Bollinger Band 189.32
Parabolic System 188.34
Quarterly Trendline Support 166.75
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Diversified Commun Svcs 123
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 198.19
High Date 04/01/2019
Low 188.53
Low Date 05/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.67
Low Date 12/26/2018
High 198.19
High Date 04/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.37
Low Date 02/09/2018
High 198.19
High Date 04/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 190.29
Support 166.75
Low 83.07
Low Date 02/11/2016
High 198.19
High Date 04/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 0.60
Low Date 10/22/2002
High 198.19
High Date 04/01/2019
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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