AT&T (T) Price Near $29.18; Eyes 50 Day Average
This move happened on lower volume, as yesterday’s volume was down 37.11% from the day before — and down 27.62% from the same day the week before.
(Last Updated March 4, 2021)
Welcome to the news page for At&T Inc (T). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On At&T Inc, we don’t see a clear trend until the 90 day basis, where we see a very slight uptrend.
The moving averages on T summarize its price action in an interesting way. The 20 and 200 day averages are pointing upwards, suggesting a bullish trend, while the 50 and 100 day averages are pointing downward, suggesting a bearish trend on those timeframes. Moreover, today we saw the 20 and 200 moving average turn bullish.
The chart below illustrates.
This move happened on lower volume, as yesterday’s volume was down 37.11% from the day before — and down 27.62% from the same day the week before.
As for how volume fared, yesterday’s volume was up 40.38% from the previous day (monday), and up 12.18% from tuesday of the week before.
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This move is a reversal from the hour prior, which saw price move up.
Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
It’s been a feast for bulls operating on an hourly timeframe, as at&t has now gone up 4 of the past 5 hours.
It’s been a feast for bears operating on an hourly timeframe, as at&t has now gone down 8 of the past 10 hours.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 31.88% from the day prior, and up 100.15% from the same day the week before.
For another vantage point, consider that at&t inc’s price has gone up 8 of the previous 14 trading days.