American Tower stock: buy or sell

AMT stock price: $284.98 -0.66% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

American Tower stock brief

  • American Tower closed on Wednesday at $284.98 (-0.66%) prior to presenting financial results next October at 23:59
  • On Thursday, American Tower posted its Q2 earnings report
  • American Tower marked a new all-time high on Tuesday, setting the new record at $287.50.
  • American Tower marked a new all-time high on Tuesday, setting the new record at $287.50.

Should I buy American Tower stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $AMT stock a buy?

Currently, American Tower stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $AMT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell American Tower stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid impetuous decisions based on our personal sentiments or the buzz that surrounds the market. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups should not be used for selling short $AMT stock

A guiding principle is that you should not mantain a trading operation that results in greater losses than those expected upon purchase. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell American Tower stock?

Currently, American Tower stock doesn't match any of our preferred sell setups, so if you own American Tower shares and your operation is in profit probably is not time to sell now

American Tower ratings

We don't have any rating published in the previous month for American Tower

American Tower stock analysis

Since last March, American Tower has been drawing an uptrend that by now marked an amazing 45.73%. The price action shows higher highs and higher troughs, and along the way gave some buying opportunities for those who wanted to invest. Latest pullback was in late June, when price bounced at $262.33. Last Friday, American Tower broke out above its last top ($270.51) giving a good buy point

$AMT at new Highs

American Tower did it again, and hit new all-time highs (ATH) on Tuesday at $287.50. It's the fourth time in the last 10 sessions, marking an important rally

SMAs overview

AMT stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current support levels are:

  • S1: $270.51 (-5.08% below)
  • S2: $266.71 (-6.41% below)
  • S3: $264.29 (-7.26% below)
  • Bollinger bands

    The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks

    AMT stock Bollinger Bands chart

    Relative strength index

    After crossing up the overbought zone yesterday, dropped back below with a value of 65.64. This is a weak signal for the American Tower shares and it must put us on alert of weakness in the price action

    AMT stock RSI chart

    American Tower stock price history

    American Tower went public priced at an adjusted price1 of $14.57 on Feb 1998. Since then, AMT stock has risen by 1,855.94%, with an average of 80.69% per year. If you had invested thousand dollars in American Tower stock on the IPO, it would be valued $19,559.37 today.

    1: Adjusted price after possible price splits or reverse-splits

    AMT stock price history chart

    Price target for American Tower stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price predictions published by brokerage institutions for the last 30 days. If you are a small investor you shouldn't buy or sell based on these forecasts.

    We don't have any target price posted in the previous 4 weeks for American Tower.

    Earnings and financials

    Earnings call was hosted by American Tower ($AMT) on Thursday after posting the financial report.

    This compares to Earnings of $1.00 per share same quarter last year, so reported EPS is -100.00%. Revenue rose a 8.30% on an annualized basis in the , from $19.9B to $21.6B last quarter.

    American Tower ($AMT) is hosting the quarterly earnings call next October.

    American Tower performance

    AMT performance compared
    Company1m3m6m
    American Tower ($AMT) 5.00% 13.20% 26.40%

    Important:
    The thoughts contained in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for education motives only

    American Tower summary

    Wednesday, July 28th, 2021
    Open$286.94
    Close$284.98
    Day range$283.75 - $287.3
    Previous close$286.88
    Session gain-0.66%
    Average true range$4.30
    50d mov avg$268.47
    100d mov avg$252.47
    200d mov avg$238.47
    Earnings dateOctober 27th, 2021

    Frequently asked questions

    What is American Tower stock symbol?

    American Tower Corporation (REIT) is a public company trading in the US stock market with the AMT symbol

    Is American Tower stock a buy or sell?

    American Tower had no ratings in the last 30 days Read the article to get additional tips on trading AMT stock.

    Will AMT go up?

    There were no predictions posted by analysts in the last month for American Tower.