At&T Inc (T) Makes Big Move Relative to Two Week Trend, Down 1.17%; Crosses 20 Day Moving Average

The Hourly View for T

Last Updated January 29, 2021, 12:42 GMT

Currently, T’s price is up $0.21 (0.74%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as T has now gone down 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists 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 1.17% ($0.34); this denotes the 2nd straight day a decline has happened. The price move occurred on volume that was down 28.45% from the day prior, but up 29.29% from the same day the week before. Here is a daily price chart of At&T Inc.

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At&T Inc Technical Analysis

First things first: At&T Inc crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about T:

    $T I want to Thank ATT for laying me off…. It has been a very profitable and enjoying experience… like I said when I was with ATT management has their head buried in the sand. Complete idiots they don’t know or their rich corporate A$$ can’t understand what the average person wants. But you att stock lovers keep supporting them… Keep digging LOL

    CrazySociety