AT&T Inc Forecast and Stock Analysis
Technical T stock analysis for February 15, 2019.
|Shorts||1.92% ( 2019-01-31 )|
AT&T Inc gained 2.28% in the last trading day, rising from $29.79 to $30.47 The price has risen in 6 of the last 10 days and is up by 1.57% 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, 11.23 million more shares were traded than the day before. In total, 37.07 million shares bought and sold for approximately $1 129.60 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the T stock was $30.47. This is 2.28% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.97% from a day low at $29.93 to a day high of $30.52.
30 day high of the T stock price was $31.04 and low was $28.92.
90 day high was $32.01 and low was $26.80.
52 week high for the AT&T Inc - $37.81 and low - $26.80.
Given the current horizontal trend you can expect AT&T Inc with 90% probability to be traded between $27.36 and $31.71 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. AT&T Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $29.80 and $30.07. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, 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.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
AT&T Inc finds support from accumulated volume at $29.91.
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 $0.59 (1.97%) between high and low. For the last week, the stock has had a daily average volatility of 1.42%.
Our recommended stoploss: $28.86 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.