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Specialized REITs Industry Stocks Technical Analysis - AMTArchive
- 11/15/2024 -
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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 dropped -6.10 points, or -3.02%, and closed at 195.70 on Friday, November 15, 2024. AMT was trading at average weekly trading volume.
 Long-term trend: [See AMT long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 154.58 and reached 243.56 on September 10, 2024. AMT gained -88.98 points, or -57.56%, in 48 weeks. The price is now at the 53.79% retracement level.
 Medium-term trend: [See AMT medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 243.56 and reached 191.70 on November 12, 2024. AMT lost 51.86 points, or 21.29%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 188.50 and resistance is at 221.40. 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 medium-term trend.
 Weekly Technical Indicators: [See AMT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See AMT short-term trend chart]
A short-term downtrend had started on October 16, 2024 at 231.05 and reached 191.70 on November 12, 2024. AMT lost 39.35 points, or 17.03%, in 27 days. The price is now at the 10.17% retracement level.
Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.
The daily MACD line is below its signal line since October 25, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 105.51% higher then one year average. It indicates the period of high 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.
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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 |
Real Estate |
6 |
| Industry |
Specialized REITs |
40 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
231.05 |
| High Date |
10/16/2024 |
| Low |
191.70 |
| Low Date |
11/12/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
221.40 |
| Support |
188.50 |
| High |
243.56 |
| High Date |
09/10/2024 |
| Low |
191.70 |
| Low Date |
11/12/2024 |
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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 |
170.46 |
| Low Date |
04/30/2024 |
| High |
243.56 |
| High Date |
09/10/2024 |
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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 |
154.58 |
| Low Date |
10/06/2023 |
| High |
243.56 |
| High Date |
09/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
303.72 |
| High Date |
09/08/2021 |
| Low |
154.58 |
| Low Date |
10/06/2023 |
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