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Downtrend Broken Resist.Archive
- 1/3/2025 -
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American Tower Corp. (AMT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the American Tower Corp. (AMT). During the week, the AMT climbed 0.70 points, or 0.38%, and closed at 182.60 on Friday, January 3, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was -7% below average.
 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 (189.78) 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 179.10 on December 19, 2024. AMT lost 64.46 points, or 26.47%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 153.95 and resistance is at 201.42. 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 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 179.10 on December 19, 2024. AMT lost 31.56 points, or 14.98%, in 13 days. The price is now at the 11.09% retracement level.
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.
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 and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (183.79) comes close to the price (182.60). It indicates that the trend is getting weaker. 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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