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Downtrend ExhaustionArchive
- 1/10/2025 -
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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 -9.10 points, or -4.98%, and closed at 173.50 on Friday, January 10, 2025. Weekly volume was 10% above average.
AMT is a member of Real Estate Sector. Real Estate is the second most oversold 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 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 chart has formed a Rising Channel chart pattern. The uptrend support line (190.23) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AMT may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
 Medium-term trend: [See AMT medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 243.56 and reached 172.50 on January 10, 2025. AMT lost 71.06 points, or 29.18%, in 17 weeks. Price is near the trend low.
 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 near its 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 December 6, 2024 at 210.66 and reached 172.50 on January 10, 2025. AMT lost 38.16 points, or 18.11%, in 35 days. Price is near the trend low.
 Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since December 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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