The Hourly View for T
Last Updated January 18, 2021, 02:021 GMT
At the moment, AT&T’s price is down $-0.12 (-0.43%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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
The choppiness in the recent daily price action of At&T Inc continues; to start today, it came in at a price of 29.17 US dollars, down 0.41% ($0.12) since the day prior. This move happened on lower volume, as yesterday’s volume was down 37.11% from the day before — and down 27.62% from the same day the week before. Here is a daily price chart of At&T Inc.
At&T Inc Technical Analysis
Notably, At&T Inc is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 9 out of the past 14 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to T:
$T HBO Max Value Does Not Appear Reflected In AT&T Stock Price https://seekingalpha.com/article/4399124
Catalyst : 1) T reporting blow-out HBOM numbers and raising expectations for the unit before or during their 4Q EPS results expected 1/27/21; 2) Investor begin to focus on value names with high dividend yields; 3) The potential for 5G to drive cellular subscriptions above consensus due to IOT applications.
I could be wrong about accelerated adoption for HBOM.
If there is weakness below expectations in the remaining T businesses.
Disclosure: At the time of publishing this report T is among the largest positions in my portfolio. I always put my money where my mouth is.
Disclosure: I am/we are long T