T’s Price May Be in An Uptrend, but RSI Suggests Caution

The Hourly View for AT&T

  • At the moment, T’s price is down $-0.02 (-0.09%) from the hour prior.
  • The hourly chart shows that AT&T has seen 2 straight down hours.
  • Regarding the trend, note that the strongest trend exists on the 20 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.

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The Daily View for AT&T

  • Currently, T’s price is down $-0.15 (-0.73%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as AT&T has now gone down 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • 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 alert: Trend in T’s price and its RSI are diverging. T’s price is rising faster than its RSI.

Below is a daily price chart of AT&T.

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Featured AT&T Idea From TradingView

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This is an educational + analytic content that will teach why and how to enter a tradeMake sure you watch the price action closely in each analysis as this is a very important part of our methodDisclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions

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