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Integrated Telecommunication Services Industry Stocks Technical Analysis - TArchive
- 11/8/2024 -
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AT&T Inc. (T) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the AT&T Inc. (T). During the week, the T climbed 0.22 points, or 0.99%, and closed at 22.34 on Friday, November 8, 2024. Weekly volume was -16% below average.
T is a member of Communication Services Sector. Communication Services 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 T long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 33.15 and reached 13.43 on July 18, 2023. T lost 19.72 points, or 59.49%, in 367 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 11.46 and resistance is at 25.32. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See T medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 15.94 and reached 22.73 on November 1, 2024. T gained -6.79 points, or -42.60%, in 28 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.53 and resistance is at 24.54. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See T weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 24, 2024. 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 downtrend had started on November 1, 2024 at 22.73 and reached 21.79 on November 4, 2024. T lost 0.94 points, or 4.14%, in 3 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (22.02) 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 short-term trend.
 Daily Technical Indicators: [See T daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
11 |
| Industry |
Integrated Telecommunication Services |
56 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
21.96 |
| Low Date |
11/07/2024 |
| High |
22.43 |
| High Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
22.16 |
| Support |
22.02 |
| High |
22.73 |
| High Date |
11/01/2024 |
| Low |
21.79 |
| Low Date |
11/04/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
24.54 |
| Support |
21.53 |
| Low |
15.94 |
| Low Date |
04/16/2024 |
| High |
22.73 |
| High Date |
11/01/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
13.43 |
| Low Date |
07/18/2023 |
| High |
22.73 |
| High Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
25.32 |
| Support |
11.46 |
| High |
33.15 |
| High Date |
07/05/2016 |
| Low |
13.43 |
| Low Date |
07/18/2023 |
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