AT&T (T) Price Near $28.84; Eyes 50 Day Average

The Hourly View for T

Last Updated January 21, 2021, 23:24 GMT

Currently, AT&T’s price is down $-0.07 (-0.26%) from the hour prior. AT&T has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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

The back and forth price flow continues for At&T Inc, which started today off at 29.17 US dollars, down 0.41% ($0.12) from yesterday. This move happened on lower volume, as yesterday’s volume was down 36.34% from the day before — and down 26.73% from the same day the week before. The daily price chart of At&T Inc below illustrates.

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At&T Inc Technical Analysis

The first thing we should note is that 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 another vantage point, consider that At&T Inc’s price has gone down 6 of the previous 10 trading days.

Overheard Around the Web

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

    TV news & late-night TV have undoubtedly gotten a ratings boost from obsessing over Trump’s every move dating back to 2016.

    Nielsen: Over the past five years, TV News went from the 5th most watched genre on TV to the 1st, from 10% to 20% of total minutes viewed. That equates to more than 3.165T minutes of national TV watched in 2020, or 160+ hours per person.

    What will happen now?? Fox News Primetime audience & Late Night TV viewership has fallen.

    #CuttheCord #GetALife #ReadABook #BacktoNormal

    $FOXA $T $DIS $CMCSA $VIAC

    Ro_Patel