AT&T’s Cold Streak: Down 4 of the Past 5 Days

The Hourly View for AT&T

  • At the moment, T’s price is down $0 (0%) 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.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • The moving averages on the hourly 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.

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

T

The Daily View for AT&T

  • Currently, T’s price is down $-0.01 (-0.03%) 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 20 day timeframe.
  • Price action traders may also wish to note that we see a doji 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.
  • 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.

T

Featured AT&T Idea From TradingView

Below is a trading comment entitled Giant accumulation on T you may find interesting:

T seems ready to give a shot up, and this could be the low of the year, let’s see

phingage