The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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American Tower Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend support at 139.96
Daily :A Parabolic SAR indicator is above and near the pricePrice has crossed above the 50 Day Moving AverageBullish Doji CandlestickThe period of low volatility of the stock price
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It was a second consecutive positive week for the American Tower Corp. (AMT). During the week, the AMT climbed 0.06 points, or 0.04%, and closed at 138.58 on Friday, June 08, 2018. Weekly volume was -6% below average.

AMT is a member of Technology Sector. Technology is the most overbought 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 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 price is near the trend support (139.96) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AMT medium-term trend chart]
A medium-term downtrend had started on March 13, 2018 at 150.12 and reached 133.53 on April 27, 2018. AMT lost 16.59 points, or 11.05%, in 6 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (135.38) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AMT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 22, 2017. This is an indication that the medium-term trend is down. 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 May 29, 2018 at 134.87 and reached 140.42 on June 5, 2018. AMT gained -5.55 points, or -4.12%, in 7 days. The price is now at the 33.15% retracement level.

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

The daily MACD line is above its signal line since May 29, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (137.55) comes close to the price (138.58). 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.

The distance between the Bollinger Bands is falling, and it was 3.35% on Friday. It is 53.45% lower than one year average. It indicates the period of low volatility of the stock price. 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. Such crossover is considered a bullish signal. 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.

Candlestick pattern: [See AMT candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.63
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 74.18
Greed/Fear Indicator (GFI) 66.18
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.96
Williams' Percentage Range (W%R) 58.40
Lane's Stochastic (%D-Slow) 30.29
Greed/Fear Indicator (GFI) 38.80
Moving Average Converg./Diverg. (MACD) 0.08
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 162.51
Upper Bollinger Band 140.35
Quarterly Trendline Support 139.96
Daily Stochastic Crossing 138.91
Price 138.58
50 Day Moving Average 138.49
20 Day Moving Average 137.64
Parabolic System 137.55
Weekly Trendline Resistance 136.57
Weekly Stochastic Crossing 136.11
Lower Bollinger Band 135.69
Weekly Trendline Support 135.38
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Diversified Commun Svcs 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 134.87
Low Date 05/29/2018
High 140.42
High Date 06/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 136.57
Support 135.38
High 150.12
High Date 03/13/2018
Low 133.53
Low Date 04/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 Test Support
Resistance 162.51
Support 139.96
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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