AT&T Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AT&T Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 06, 2024)
The AT&T Inc. stock price gained 0.86% on the last trading day (Monday, 6th May 2024), rising from 15.62€ to 15.75€. During the last trading day the stock fluctuated 0.96% from a day low at 15.61€ to a day high of 15.76€. The price has risen in 7 of the last 10 days and is up by 3.09% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately 56.78€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AT&T Inc. stock with a 90% probability to be traded between 14.95€ and 16.14€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SOBA.F 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 15.75€ and 15.70€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.88%. Further fall is indicated until a new bottom pivot has been found. 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 controlled movements and therefore the general risk is considered 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 0.150€ between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: 15.14€ (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SOBA.F) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect AT&T Inc. to open at 15.71€, and during the day (based on 14 day Average True Range), to move between 15.45€ and 16.06€, which gives a possible trading interval of +/-0.305€ (+/-1.93%) up or down from last closing price. If AT&T Inc. takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 15.75€ (0.05%) than the resistance at 15.80€ (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AT&T Inc. stock A Buy?
AT&T Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.433 Hold/Accumulate Upgraded
Predicted Opening Price for AT&T Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| 15.71€ ( 0.275%) | 15.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOBA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.86 | 0.677 % | |
| R2 | 15.80 | 0.313 % | ||
| R1 | 15.77 | 0.0887 % | ||
| Current price: | 15.75 | |||
| Support | S1 | 15.65 | -0.639 % | |
| S2 | 15.62 | -0.86 % | ||
| S3 | 15.56 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.31 | 3.52 % | |
| R2 | 15.90 | 0.93 % | ||
| R1 | 15.80 | 0.292 % | ||
| Current price | 15.75 | |||
| Support | S1 | 15.75 | -0.0508% | |
| S2 | 15.44 | -1.99% | ||
| S3 | 15.36 | -2.53% |
SOBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | May 01, 2024 | 0.258€ | 0% |
| 2 | Jan 09, 2024 | Jan 09, 2024 | Jan 09, 2024 | 0€ | 0% |
| 3 | Oct 06, 2023 | Oct 06, 2023 | Oct 06, 2023 | 0.278€ | 0% |
| 4 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | 0.278€ | 0% |
| 5 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | 0.278€ | 0% |
FAQ
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