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Archive - 3/15/2024 - Sign In to see current Signals. |
AT&T Inc. (T) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the AT&T Inc. (T). During the week, the T gave back -0.15 points, or -0.87%, and closed at 17.05 on Friday, March 15, 2024. Weekly volume was -12% below average. Long-term trend: [See T long-term trend chart] A long-term downtrend had started on November 18, 2019 at 29.98 and reached 13.43 on July 18, 2023. T lost 16.55 points, or 55.20%, in 191 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Medium-term trend: [See T medium-term trend chart] A medium-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. Price is near the Fibonacci 23.6% retracement level. Weekly Technical Indicators: [See T weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since September 8, 2023. 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 T short-term trend chart] A short-term uptrend had started on February 22, 2024 at 16.42 and reached 17.44 on March 11, 2024. T gained -1.02 points, or -6.21%, in 18 days. The chart has formed a Rising Channel chart pattern. Daily Technical Indicators: [See T daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since March 4, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.46% on Friday. It is 56.56% 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. Price is close to the 50 Day Moving Average. 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.
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