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Advanced TA SearchArchive
- 6/7/2024 -
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American Tower Corp. (AMT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the American Tower Corp. (AMT). During the week, the AMT gave back -1.48 points, or -0.76%, and closed at 194.26 on Friday, June 7, 2024. AMT was trading at average weekly trading volume.
 Long-term trend: [See AMT long-term trend chart]
A long-term downtrend had started on January 2, 2024 at 219.10 and reached 170.46 on April 30, 2024. AMT lost 48.64 points, or 22.20%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (192.95). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
 Medium-term trend: [See AMT medium-term trend chart]
A medium-term uptrend had started on April 30, 2024 at 170.46 and reached 201.58 on June 4, 2024. AMT gained -31.12 points, or -18.26%, in 5 weeks. Price is near the Fibonacci 23.6% 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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, 2024 at 183.04 and reached 201.58 on June 4, 2024. AMT gained -18.54 points, or -10.13%, in 6 days. Price is near the Fibonacci 38.2% 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.
The daily MACD line is above its signal line since May 30, 2024. 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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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