- Bullish session prepares challenge of $46.67 level, currently 7 cents above current price of $46.74
- Upper Bollinger Band® currently at $365.88
Despite posting gains so far today, AT&T slid below its 5 day Simple Moving Average at $18.94 in earlier trade — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $19.29, thereby suggesting that AT&T is becoming overvalued. AT&T's recent run now faces a major challenge as concentrated supply is likely found at $19.02 with price action currently 3 cents away.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates AT&T is set for a reversal in the coming days.
Despite posting gains so far today, AT&T slid below its 5 day Simple Moving Average at $18.94 in earlier trade — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $19.29, thereby suggesting that AT&T is becoming overvalued. AT&T's recent run now faces a major challenge as concentrated supply is likely found at $19.02 with price action currently 3 cents away.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates AT&T is set for a reversal in the coming days.
Despite posting gains so far today, AT&T slid below its 5 day Simple Moving Average at $18.94 in earlier trade — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $19.29, thereby suggesting that AT&T is becoming overvalued. AT&T's recent run now faces a major challenge as concentrated supply is likely found at $19.02 with price action currently 3 cents away.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates AT&T is set for a reversal in the coming days.
Fundamental indicators – United States 7-Year Note Auction released today at 18:00 UTC with a figure of 3.89, while the previous figure was 4.027.
Upcoming fundamentals: United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.5%; data will be released tomorrow at 13:30 UTC.