The Hourly View for AT&T

• Currently, T’s price is down $-0.02 (-0.11%) from the hour prior.
• This move is a reversal from the hour prior, which saw price move up.
• As for the trend on the hourly timeframe, we see the clearest trend on the 100 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.

The Daily View for AT&T

• At the time of this writing, T’s price is up $0.08 (0.45%) from the day prior.
• The daily chart shows that AT&T has seen 2 straight up days.
• If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
• Price action traders may also wish to note that we see a pin bar candlestick pattern on AT&T. Given that we see downtrend on the 20 and 10 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.

Featured AT&T Commentary From Twitter

M A T E R I A L

A D V E R S E

E F F E C T https://t.co/KLdbwycsHyNA

— IvanTheK

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