AT&T · sell signal, week 13
AT&T bounces 2.7% off a double bottom, but the ADX says the decline is gaining steam
AT&T · sell signal, week 13
Our view last week
AT&T is in week 12 of a sell signal, and this week's technical analysis shows a 9.4% drop with sell volume at 73%. The decline keeps making lower lows: the technical picture stays weak, with RSI down to 32.1 and momentum still negative. Price is squeezed between a resistance and a support very close together, while earnings season approaches.
This week's summary
AT&T shares bounce 8% off a daily double bottom in the 20 area, with buyers back in control of volume at 75%. But underneath, the picture stays fragile: the MACD keeps deteriorating, momentum is still deeply negative, and a rising ADX says the downtrend is gaining conviction. The short is already more than 20% in profit, with earnings due in two weeks.
IQS Phase
64
ordinary
Signal Strength
44
isolated weekly drop
Sizing
REDUCED
Ranking
#20 / 137
US stocks
Trade P&L %
+20.29%
from signal to today
restricted Platinum content