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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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- 8/5/2022 -
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American Tower Corp. (AMT)

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :
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It was a fourth consecutive positive week for the American Tower Corp. (AMT). During the week, the AMT climbed 1.36 points, or 0.50%, and closed at 272.19 on Friday, August 5, 2022. Weekly volume was -83% below average.

Long-term trend: [See AMT long-term trend chart]
A long-term uptrend had started on October 22, 2002 at 0.60 and reached 303.72 on September 8, 2021. AMT gained -303.12 points, or -50520%, in 985 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (146.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 February 11, 2016 at 83.07 and reached 303.72 on September 8, 2021. AMT gained -220.65 points, or -265.62%, in 290 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 229.57 and resistance is at 341.25. A Broadening Ascending 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 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 AMT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 20, 2022. 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 May 12, 2022 at 222.02 and reached 273.95 on July 29, 2022. AMT gained -51.93 points, or -23.39%, in 78 days. Price is near the trend high.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 25, 2022. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.02
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 79.88
Greed/Fear Indicator (GFI) 76.75
Moving Average Converg./Diverg. (MACD) 3.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.14
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 74.17
Greed/Fear Indicator (GFI) 74.38
Moving Average Converg./Diverg. (MACD) -1.32
Trading Signals
Description Value Chart
Upper Bollinger Band 276.48
Price 272.19
Daily Stochastic Crossing 270.24
Weekly Stochastic Crossing 263.46
20 Day Moving Average 260.81
Parabolic System 260.69
50 Day Moving Average 257.00
Lower Bollinger Band 248.52
Quarterly Trendline Support 229.57
Sector and Industry
Description Name Rank
Sector Real Estate 5
Industry Specialized REITs 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 222.02
Low Date 05/12/2022
High 273.95
High Date 07/29/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 220.00
Low Date 02/24/2022
High 273.95
High Date 07/29/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 303.72
High Date 09/08/2021
Low 220.00
Low Date 02/24/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 341.25
Support 229.57
Low 83.07
Low Date 02/11/2016
High 303.72
High Date 09/08/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 171.11
Support 146.72
Low 0.60
Low Date 10/22/2002
High 303.72
High Date 09/08/2021
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.

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