The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Resistance
Number of records: 10
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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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American Tower Corp. (AMT)

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :The price is below the lower Bollinger BandLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the American Tower Corp. (AMT). During the week, the AMT dropped -8.55 points, or -4.48%, and closed at 182.18 on Friday, May 26, 2023. Weekly volume was 10% above average.

Long-term trend: [See AMT long-term trend chart]
A long-term downtrend had started on September 8, 2021 at 303.72 and reached 178.17 on October 13, 2022. AMT lost 125.55 points, or 41.34%, in 57 weeks. Price is near the trend low.

Medium-term trend: [See AMT medium-term trend chart]
A medium-term downtrend had started on April 12, 2023 at 213.48 and reached 180.16 on May 26, 2023. AMT lost 33.32 points, or 15.61%, in 6 weeks. The price is now at the 6.06% retracement level.

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. 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 below its signal line since May 12, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 15, 2023 at 202.40 and reached 180.16 on May 26, 2023. AMT lost 22.24 points, or 10.99%, in 11 days. The price is now at the 9.08% retracement level.

Daily Technical Indicators: [See AMT daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 21, 2023. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.02
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 12.37
Oversold
Greed/Fear Indicator (GFI) 18.70
Oversold
Moving Average Converg./Diverg. (MACD) -3.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.27
Williams' Percentage Range (W%R) 96.70
Strong Oversold
Lane's Stochastic (%D-Slow) 26.71
Greed/Fear Indicator (GFI) 25.20
Moving Average Converg./Diverg. (MACD) -7.38
Trading Signals
Description Value Chart
Upper Bollinger Band 202.40
50 Day Moving Average 198.80
Parabolic System 193.01
20 Day Moving Average 192.53
Weekly Stochastic Crossing 186.50
Lower Bollinger Band 182.38
Price 182.18
Daily Stochastic Crossing 180.98
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Specialized REITs 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 195.03
High Date 05/22/2023
Low 180.16
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 202.40
High Date 05/15/2023
Low 180.16
Low Date 05/26/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 213.48
High Date 04/12/2023
Low 180.16
Low Date 05/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 235.57
High Date 01/17/2023
Low 180.16
Low Date 05/26/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 303.72
High Date 09/08/2021
Low 178.17
Low Date 10/13/2022
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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