AT&T Inc. Stock Forecast

AT&T Inc. stock price ended at 16.08€ on Monday, after gaining 1.18%.
(Updated on May 20, 2024)

SOBA.DE Signals & Forecast

The AT&T Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 15.94€ and 15.74€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AT&T Inc. stock

AT&T Inc. finds support from accumulated volume at 15.75€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.136€ between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.06%

Our recommended stop-loss: 15.43€ (-4.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (SOBA.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect AT&T Inc. to open at 16.04€, and during the day (based on 14 day Average True Range), to move between 15.84€ and 16.33€, which gives a possible trading interval of +/-0.242€ (+/-1.50%) up or down from last closing price. If AT&T Inc. takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 16.13€ (0.25%) than the support at 15.75€ (2.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AT&T Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AT&T Inc. stock to perform well in the short-term period.

Current score: 2.343 Buy Candidate Unchanged

Predicted Opening Price for AT&T Inc. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.