The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/23/2026 -
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American Tower Corp. (AMT) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtOversold sectorBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
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It was a third positive week after 3 consecutive negative weeks for the American Tower Corp. (AMT). During the week, the AMT gained 3.70 points, or 2.00%, and closed at 188.97 on Friday, October 23, 2026. Weekly volume was 40% above average.

AMT is a member of Real Estate Sector. Real Estate is the 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 downtrend had started on July 24, 2025 at 234.33 and reached 160.06 on July 6, 2026. AMT lost 74.27 points, or 31.69%, in 49 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (154.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMT may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See AMT medium-term trend chart]
A medium-term uptrend had started on July 6, 2026 at 160.06 and reached 202.50 on October 23, 2026. AMT gained -42.44 points, or -26.52%, in 15 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (160.43) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See AMT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 9, 2026. This is an indication that the medium-term trend is up. 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 October 5, 2026 at 160.30 and reached 202.50 on October 23, 2026. AMT gained -42.20 points, or -26.33%, in 18 days. The price is now at the 32.06% retracement level.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish 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 Lane's Stochastic help.

The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.06
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 60.30
Bearish
Greed/Fear Indicator (GFI) 77.72
Moving Average Converg./Diverg. (MACD) 2.12 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.92
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 53.34
Greed/Fear Indicator (GFI) 68.18
Moving Average Converg./Diverg. (MACD) -2.27
Trading Signals
Description Value Chart
Upper Bollinger Band 195.97
Daily Stochastic Crossing 190.43
Price 188.97
Weekly Stochastic Crossing 183.37
Parabolic System 181.08
Weekly Trendline Resistance 179.92
Monthly Trendline Resistance 179.06
50 Day Moving Average 174.69
20 Day Moving Average 174.36
Weekly Trendline Support 160.43
Lower Bollinger Band 159.36
Monthly Trendline Support 154.39
Sector and Industry
Description Name Rank
Sector Real Estate 1
Industry Specialized REITs 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 160.30
Low Date 10/05/2026
High 202.50
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 179.92
Support 160.43
Low 160.06
Low Date 07/06/2026
High 202.50
High Date 10/23/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 179.06
Support 154.39
High 234.33
High Date 07/24/2025
Low 160.06
Low Date 07/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 243.56
High Date 09/10/2024
Low 160.06
Low Date 07/06/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 303.72
High Date 09/08/2021
Low 154.58
Low Date 10/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.