The Greedy Trader Weekly Analysis
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.

Downtrend exhaustion stock alert presents a stock market trading strategy based on combination of timing signals, technical indicators, trend analysis and pattern recognition. Stock market alert is a warning signal. It indicates that long term downtrend is exhausted and probability of long term trend reversal is high. Downtrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for undervalued stocks. The strategy is based on taking long position on anticipation of downtrend reversal. Downtrend exhaustion timing strategy and stock trading system presents alerts for S&P 500 index members, ETFs and market indices. As S&P 500 trading system it shows excellent results for index timing also.

Downtrend Exhaustion

Archive
- 3/15/2024 -
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AT&T Inc. (T) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 23.6% retracement level
Daily :The price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.71
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 58.99
Greed/Fear Indicator (GFI) 55.93
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.18
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 41.66
Greed/Fear Indicator (GFI) 52.44
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Upper Bollinger Band 17.44
Daily Stochastic Crossing 17.15
Weekly Stochastic Crossing 17.13
Price 17.05
50 Day Moving Average 17.04
20 Day Moving Average 16.99
Parabolic System 16.72
Lower Bollinger Band 16.67
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Integrated Telecommunication Services 35
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 16.42
Low Date 02/22/2024
High 17.44
High Date 03/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.16
High Date 02/01/2024
Low 16.42
Low Date 02/22/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.43
Low Date 07/18/2023
High 18.16
High Date 02/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.98
High Date 11/18/2019
Low 13.43
Low Date 07/18/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.15
High Date 07/05/2016
Low 13.43
Low Date 07/18/2023
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.