AT&T price action indicates bullishness, as T is trying to reach the upper side in the bullish zone and ignores the rejections. However, the bears are still making short positions and attempting a pullback.
AT&T stock displayed bullishness and kept holding the gains above the top. Bulls are accumulating the stock and getting ready to cross the $16 level in the coming sessions.
The chart shows the bulls’ momentum signaling a positive outlook. T stock is aiming to achieve a breakout soon, and investors are watching it closely.
The price action shows a strong chart structure with buyers’ dominance, and long buildup activity was noted in the past trading sessions. Furthermore, sellers were now becoming cautious due to the bullish momentum that trapped sellers in the past weeks.
AT&T’s price was at $15.19 and has dropped by 2.19% of its market capitalization during the day’s trading session. The last 24-hour trading volume was 42.606 Million and the last 10 days’ average trading volume is 50.404 Million. This demonstrates that buyers are trying to accumulate in order to surge toward the upper price range.
Technical Analysis of AT&T Stock Price in 1-D Time Frame
AT&T stock (NYSE: T) has steadily seen its stock price rise for the past three months, gaining 2.01% and 0.93% in the last month. Currently, T stock is trading at $15.19 and has been trying to hold on to this level after an unexpected surge in price.
Currently, AT&T stock (NYSE: T) is trading above the 50 and 100-day exponential moving averages (EMAs), which are supporting the price momentum.
The current value of RSI is 54 points. The 14 SMA is above the median line at 49 points, indicating that the AT&T stock is bullish. The MACD line at 0.1048 and the signal line at 0.0316 are above the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the T stock price.
Weekly-Time Horizon Analysis: T Stock
AT&T stock has shown buyers’ strength on the weekly charts. Moreover, the price is above the key EMAs, which shows further strength in the stock. The RSI curve is near the overbought region at 47. The MACD shows green bars.
Summary
AT&T stock (NYSE: T) technical oscillators support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the T stock price. Price action suggests that the investors and traders are bullish on the 1-day time frame.
Technical Levels
Support Levels: $13.91 and $13.41.
Resistance Levels: $15.71 and $16.71.
