AT&T (T) Closes Prior Hour Down -0.48%; Price Base in Formation Over Past 30 Days, 2 Day Up Streak Snapped, Breaks Below 200 Day Average

The Hourly View for T

Last Updated January 6, 2021, 02:08 GMT

At the moment, AT&T’s price is up $0.23 (0.8%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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

29.26 was the closing price of the day for At&T Inc, resulting in today being one in which price moved down 0.61% ($0.18) from the previous day. The price move occurred on volume that was down 7.48% from the day prior, but up 54.24% from the same day the week before. Let’s take a look at the 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 200 day moving average yesterday. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 7 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 never really realized how corrupt, and manipulated the stock market is. How does $T have an EPS 3 times the amount of Tesla, yet it is only $29… I know $T has 7 times the amount of shares, but Tesla has a market cap of almost 700 billion. $T has a market cap of 200 billion, Tesla has 3 and half times $T market cap, with a EPS of .50… WTF am I missing here??? Because $T has more debt, but yet Tesla is going based off of future sales. Do the math $T should be about $100 per share in order to be the same. Communication/streaming companies aren’t going anywhere…

    Johnnyblaze50