AT&T is Down for the 5th Day in a Row

The Hourly View for AT&T

  • At the time of this writing, T’s price is down $0 (0%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as AT&T has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour 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 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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.

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The Daily View for AT&T

  • At the time of this writing, T’s price is down $-0.4 (-2%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as AT&T has now gone down 5 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of AT&T.

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Featured AT&T Idea From TradingView

Below is a trading comment entitled AT&T Inc. – Long you may find interesting:

AT&T Inc. is an American multinational telecommunications holding company that is Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S.Adding another one to my portfolio. T is testing an important zone. T is expecting to have a reaction to this zone.

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