At&t Inc. Stock Forecast
At&t Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jun 24, 2024)
The At&t Inc. stock price fell by -0.447% on the last day (Monday, 24th Jun 2024) from $20.14 to $20.05. During the last trading day the stock fluctuated 1.14% from a day low at $20.05 to a day high of $20.28. The price has been going up and down for this period, and there has been a 0.75% gain for the last 2 weeks. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 79 thousand shares were bought and sold for approximately $1.58 million.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.58% during the next 3 months and, with a 90% probability hold a price between $20.36 and $21.14 at the end of this 3-month period.
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T-PC Signals & Forecast
The At&t Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $20.14. On a fall, the stock will find some support from the long-term average at approximately $19.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, June 18, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for At&t Inc. stock
At&t Inc. finds support from accumulated volume at $20.02 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.228 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $19.40 (-3.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (T-PC) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect At&t Inc. to open at $20.13, and during the day (based on 14 day Average True Range), to move between $19.76 and $20.34, which gives a possible trading interval of +/-$0.292 (+/-1.46%) up or down from last closing price. If At&t Inc. takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.02 (0.15%) than the resistance at $20.15 (0.50%), 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?
Several short-term signals, along with a general good trend, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.262 Buy Candidate Upgraded
Predicted Opening Price for At&t Inc. of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$20.13 ( 0.380%) | $20.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for T-PC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.35 | 1.52% |
R2 | 20.27 | 1.08% |
R1 | 20.21 | 0.81% |
Price | 20.05 | |
S1 | 20.04 | -0.0554% |
S2 | 19.99 | -0.324% |
S3 | 19.90 | -0.759% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.30 | 1.25% |
R2 | 20.24 | 0.95% |
R1 | 20.15 | 0.499% |
Price | 20.05 | |
S1 | 20.02 | -0.150% |
S2 | 20.01 | -0.200% |
S3 | 19.57 | -2.39% |
T-PC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 09, 2024 | Apr 09, 2024 | Apr 09, 2024 | $0.297 | 1.47% |
2 | Jan 09, 2024 | Jan 09, 2024 | Jan 09, 2024 | $0.297 | 1.47% |
3 | Oct 06, 2023 | Oct 06, 2023 | Oct 06, 2023 | $0.297 | 1.63% |
4 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | $0.297 | 1.45% |
5 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | $0.297 | 1.41% |
FAQ
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