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Archive
- 11/15/2024 -
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AT&T Inc. (T) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the AT&T Inc. (T). During the week, the T gained 0.33 points, or 1.48%, and closed at 22.67 on Friday, November 15, 2024. Weekly volume was -20% below average.
T is a member of Communication Services Sector. Communication Services is the most overbought 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 T long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 33.15 and reached 13.43 on July 18, 2023. T lost 19.72 points, or 59.49%, in 367 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 11.43 and resistance is at 25.30. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See T medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 15.94 and reached 22.73 on November 1, 2024. T gained -6.79 points, or -42.60%, in 28 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.72 and resistance is at 24.82. 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 T weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, 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. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 24, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See T short-term trend chart]
A short-term uptrend had started on November 12, 2024 at 21.79 and reached 22.70 on November 15, 2024. T gained -0.91 points, or -4.18%, in 3 days. Price is near the trend high.
 Daily Technical Indicators: [See T daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price touches the upper Bollinger Band. 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.
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