AT&T is Down for the 7th Day in a Row

The Hourly View for AT&T

  • At the moment, T’s price is down $-0.14 (-0.74%) 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.
  • As for the trend on the hourly timeframe, we see the clearest trend 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.

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The Daily View for AT&T

  • At the moment, T’s price is down $-0.67 (-3.42%) 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.
  • Regarding the trend, note that the strongest trend 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.
  • Divergence between T’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in T’s price.

Below is a daily price chart of AT&T.

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