AT&T stock: buy or sell
Apr 16th, 2021
AT&T stock brief
- AT&T closed on Thursday at $29.75 after scarcely changing a 0.07%.
- From the chart point view, price is drawing a scaled uptrend since last February with higher tops and higher bottoms. Up to date, the uptrend marked a 8.50% profit since the beginning of this rally
- AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments.
Should I buy AT&T stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 $T stock a buy?
In the current situation of AT&T there is not any eligible buy setup. This doesn't mean $T will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell AT&T stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your benefits. In the same way as when we have to buy shares, determining when is appropiate time to sell is not a fickle decision, and we must use our own trading style. When selling, as well as buying, our strategies are very easy to use but are only applicable for selling stocks in your porfolio, not for shorting $T stock
A guiding principle is that you must never keep a trading operation that leads to greater losses than those expected upon the buy. When to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell AT&T stock?
Currently, AT&T stock doesn't match any of our preferred sell setups, so if you hold AT&T stock and your operation is in profit probably is not time to sell now
In the previous 30 days we couldn't find any rating for AT&T
AT&T stock analysis
AT&T stock started an uptrend last February, and gained an amazing 8.50%. Rising highs and lows can be seen easily on a chart and how price action offered very few buy points on the breakouts. Latest low was in mid-March, when price bounced at $29.08. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $30.63 and $29.08
Supports and resistances
The current resistance levels are:
The current supports are:
The actual range between the upper and lower bands is 4.33%, meaning that price volatility is low. The tightness of the Bollinger bands is usually a signal of a sharp price movement (up or down), so we must be cautious and manage our buy or sell orders appropiately
Relative strength index
The has been between the levels of 70 and 30 for some weeks, and therefore, without this indicator really helping us to make any decisions.
AT&T stock price history
AT&T went public on Nov 21st, 1983 priced at $0.00 per share1. Since then, T stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for AT&T stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial information by the company, and many times. Again, these targets are not direct recommendations for individual traders and must not be followed blindly.
In the previous month we couldn't find any price target posted for AT&T stock.
Earnings and financials
In early March, AT&T Inc. ($T) reported EPS for that met analysts' expectations. Quarterly EPS was $0.75 per share from an estimated $0.73.Same quarter last year, reported EPS was $0.89, so recently posted EPS is a loss of -15.73%. Looking at sales, figures moved up a 6.81% compared to $427.8B same quarter a year ago.
AT&T ($T) presents earnings report next July. Wall Street analysts predict of $0.78, that is a 4.00% more than previous quarter.
AT&T is classified inside the Telecom Services industry, where it has industry peers.
The following are some of AT&T most relevant competitors:
|Company||Market cap||Rating||Bullish ratings1|
|Verizon Communications ($VZ)||$240.8B|| ||2|
|T-Mobile ($TMUS)||$154.3B|| ||2|
|America Movil (AMX)||$45.8B||Neutral||0|
|Lumen Technologies (LUMN)||$15.2B||Neutral||0|
|United States Cellular (USM)||$2.9B||Neutral||0|
|Telephone and Data Systems (TDS)||$2.5B||Neutral||0|
|Shenandoah Telecommunications (SHEN)||$2.4B||Neutral||0|
1 In the last 30 days.
To better understand AT&T performance you must compare its gains with other related stocks in same sector or industry.. For AT&T, the benchmark is made against Disney, Comcast, Verizon Communications, T-Mobile, America Movil, Lumen Technologies, United States Cellular, Telephone and Data Systems and Shenandoah Telecommunications.
|Verizon Communications ($VZ)||4.60%||2.50%||-0.90%|
|America Movil (AMX)||3.00%||-1.70%||12.50%|
|Lumen Technologies (LUMN)||-10.10%||18.80%||33.70%|
|United States Cellular (USM)||-1.10%||18.90%||18.20%|
|Telephone and Data Systems (TDS)||2.50%||24.20%||27.70%|
|Shenandoah Telecommunications (SHEN)||-2.60%||13.90%||5.60%|
Disclaimer:The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for education purposes only
|Thursday, April 15th, 2021|
|Day range||$29.68 - $29.84|
|Average true range||$0.51|
|50d mov avg||$29.10|
|100d mov avg||$28.75|
|200d mov avg||$28.19|
|Earnings date||July 22nd, 2021|