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- 8/5/2022 -
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American Tower Corp. (AMT)
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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.