AT&T is Down for the 3rd Day in a Row

The Hourly View for AT&T

  • At the moment, T’s price is down $-0.02 (-0.07%) from the hour prior.
  • This is the 2nd hour in a row AT&T has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

AT&T’s hourly price chart is shown below.

T

The Daily View for AT&T

  • Currently, T’s price is down $-0.04 (-0.16%) from the day prior.
  • AT&T has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on AT&T. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of AT&T.

T

Featured AT&T Idea From TradingView

Below is a trading comment entitled T Breaking Trendline you may find interesting:

Unfortunately it looks like T has broken a long term trend line, was really hoping to see this form a nice wedge for a bullish breakout in a few years. I see some strong support in $22-$19 range and will take a small position and begin adding there.

Pyrat82