The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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American Tower Corp.
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Summary:
Weekly :Price is near the Fibonacci 61.8% retracement level
Daily :Lane's Stochastic is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe 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 3.09 points, or 1.95%, and closed at 161.40 on Friday, January 11, 2019. It was the best weekly gain since November 30, 2018. Weekly volume was -11% 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 168.58 on December 7, 2018. AMT gained -85.51 points, or -102.94%, in 147 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 158.24 and resistance is at 181.78. 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 December 7, 2018 at 168.58 and reached 150.67 on December 26, 2018. AMT lost 17.91 points, or 10.62%, in 2 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since October 19, 2018. The distance between MACD and the signal line is low and getting smaller. 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 December 26, 2018 at 150.67 and reached 162.26 on January 11, 2019. AMT gained -11.59 points, or -7.69%, in 16 days. The price is now at the 7.42% retracement level.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

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 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.70
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 87.24
Overbought
Greed/Fear Indicator (GFI) 66.04
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.15
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 65.79
Greed/Fear Indicator (GFI) 65.91
Moving Average Converg./Diverg. (MACD) 4.41
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 181.78
Upper Bollinger Band 166.34
Price 161.40
Daily Stochastic Crossing 161.37
Weekly Stochastic Crossing 161.26
50 Day Moving Average 160.84
20 Day Moving Average 160.08
Quarterly Trendline Support 158.24
Parabolic System 157.72
Lower Bollinger Band 154.05
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Diversified Commun Svcs 150
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 150.67
Low Date 12/26/2018
High 162.26
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 168.58
High Date 12/07/2018
Low 150.67
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.37
Low Date 02/09/2018
High 168.58
High Date 12/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 181.78
Support 158.24
Low 83.07
Low Date 02/11/2016
High 168.58
High Date 12/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 0.60
Low Date 10/22/2002
High 168.58
High Date 12/07/2018
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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