AT&T (T) Closes Last Hour Down $-0.02; is Inching Close to 100 Day Average, Crosses 100 Day Moving Average, Moves Down For the 3rd Day In A Row

The Hourly View for T

Last Updated January 13, 2021, 23:18 GMT

Currently, AT&T’s price is down $-0.08 (-0.26%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

At&T Inc Daily Price Recap

At&T Inc closed the previous day down 0.42% ($0.12); this denotes the 3rd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 40.38% from the previous day (Monday), and up 12.18% from Tuesday of the week before. The daily price chart of At&T Inc below illustrates.

T

At&T Inc Technical Analysis

Notably, At&T Inc crossed below its 100 day moving average yesterday. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to T:

    $T Trickle back down dammit! Let me buy in so I stop playing weekly options elsewhere! I’ll start selling $27P naked puts on T when SP is $28 and keep going until assigned, like I said I would last month, but you just had to spike over $29 again. Well come on home and let’s get cozy at $27! We’ll live together forever… or until you don’t bring home the bacon (dividends). GLTA!

    TTurbo