Mon 30'th Jul 2018
AT&T Inc Stock Analysis
Technical stock analysis for Mon 30'th Jul 2018
|Shorts||1.54% ( 2018-07-13 )|
|Cash||98 997.0 mill|
|Loans||327 625.0 mill|
AT&T Inc gained 2.96% in the last trading day, rising from $31.08 to $32.00, and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days, but is still up by 0.31% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 17.98 million more shares were traded than the day before. In total, 64.00 million shares bought and sold for approximately $2 047.99 million.
AT&T Inc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.55% during the next 3 months and, with 90% probability hold a price between $29.44 and $33.01 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday July 25, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. AT&T Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $32.01. On a fall, the stock will find some support from the short-term average at $31.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
AT&T Inc finds support from accumulated volume at $31.71.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.68 (2.16%) between high and low. For the last week, the stock has had a daily average volatility of 2.30%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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AT&T Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Click for Top 5 Sell Candidates