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Industry Stocks Technical Analysis - AMTArchive
- 4/26/2024 -
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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 3 consecutive negative weeks for the American Tower Corp. (AMT). During the week, the AMT climbed 0.39 points, or 0.23%, and closed at 171.69 on Friday, April 26, 2024. Weekly volume was 8% above 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 219.10 on January 2, 2024. AMT gained -64.52 points, or -41.74%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (192.67) 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 January 2, 2024 at 219.10 and reached 170.67 on April 18, 2024. AMT lost 48.43 points, or 22.10%, in 15 weeks. Price is near the trend low.
 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 February 9, 2024. This is an indication that the medium-term trend is down. 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 March 5, 2024 at 209.61 and reached 170.67 on April 18, 2024. AMT lost 38.94 points, or 18.58%, in 44 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (175.52) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a short-term trend.
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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 15, 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Real Estate |
3 |
| Industry |
Specialized REITs |
13 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
198.37 |
| High Date |
03/28/2024 |
| Low |
170.67 |
| Low Date |
04/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Support |
| Resistance |
181.54 |
| Support |
175.52 |
| High |
209.61 |
| High Date |
03/05/2024 |
| Low |
170.67 |
| Low Date |
04/18/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
219.10 |
| High Date |
01/02/2024 |
| Low |
170.67 |
| Low Date |
04/18/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
201.44 |
| Support |
192.67 |
| Low |
154.58 |
| Low Date |
10/06/2023 |
| High |
219.10 |
| High Date |
01/02/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
303.72 |
| High Date |
09/08/2021 |
| Low |
154.58 |
| Low Date |
10/06/2023 |
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