AT&T stock: buy or sell
Updated on:
Jan 27th, 2021
2
AT&T stock brief
- AT&T closed on Tuesday at $29.75 (2.20%) prior to presenting financial results next April at 08:00
- AT&T presented its financial report on Wednesday
- The price is currently higher than the upper Bollinger band, which usually indicates a near-term correction
- The stock is configuring an uptrend pattern since last October, when it bottomed at $25.89. Up to date, shares made a 14.91% gain since the beginning of this rally
- AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr.
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 just one buy setup eligible:
Uptrend buy setup
AT&T stock is in an uptrend since last October that so far marked an amazing 15.00% gain. Price marked a pull back in this uptrend at $27.83 in mid-December, and since then it bounced up a 6.90%. Breaking out above $31.34 - it's last top - will be a good entry point if AT&T resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $28.21
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $31.34 | $28.21 | 10.00% |
Should I sell AT&T stock?
How to know when is it time to sell AT&T stock?. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for selling short $T stock
A guiding principle is that you should not mantain an operation that produces higher than expected losses upon purchase. When to sell shares must always be determined by the stop-loss (automatic or manual)
Is it time to sell AT&T stock?
In the current situation of AT&T there is not any eligible sell setup, so AT&T stock holders with operations in profit can keep their positions
AT&T ratings
In the last 30 days, 2 brokerage ratings were published for AT&T
| Brokerage firm | Rating |
|---|---|
| Jan 4th, 2021 | |
| Raymond James | |
| Jan 19th, 2021 | |
| Credit Suisse Group | Neutral |
AT&T stock analysis
AT&T stock started an uptrend last October, and gained a gorgeous 14.91%. The price shows higher peaks and troughs, and along the way gave very few entry points for those who wanted to invest. Latest pullback was in mid-December, when price bounced at $27.83. Now, the price moves in a consolidation between its last top ($31.34) and its last bottom ($27.83)
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it means that the price is having a very strong trend and therefore can correct the trend to the average. In this case, the price is beyond the upper band, and that should mean a near-term correction (at least) until it is under the band
Relative strength index
The RSI dropped below the overbought level of 70 in mid-December after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Tuesday was 61.73. Since then, AT&T shares sank a 3.75%
AT&T stock price history
AT&T went public priced at an adjusted price1 of $0.20 on Nov 1983. Since then, T stock has risen by 14,775.00%, with an average of 399.32% per year. An investment of thousand dollars on the IPO would have a value of $148,750.00 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. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and many times. If you are a small trader you shouldn't trade based on these predictions.
There are 2 price forecasts released for AT&T that average $31.00. AT&T closed at $29.75 on Tuesday, that is a 4.03% than the target price.
| Brokerage firm | Price target |
|---|---|
| Jan 4th, 2021 | |
| Raymond James | $32.00 |
| Jan 19th, 2021 | |
| Credit Suisse Group | $31.00 → $30.00 |
Earnings and financials
On Wednesday, AT&T Inc. ($T) reported EPS for that matched Market expectations. Quarterly EPS was $0.75 per share compared to the forecasted $0.73. Reported sales were $45.7 billion, aligned with the market forecasts as well.
Same quarter one year ago, reported EPS was $0.89, so recently reported EPS is a drop of -15.73%. Turnover slided a -5.04% on an annualized basis in the , from $445.9B to $423.4B last quarter.AT&T ($T) posts earnings report next April.
AT&T performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| AT&T ($T) | 5.40% | 9.60% | 5.40% |
Important note:
The thoughts given in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual circumstances of the reader, his or her finances 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 Thoughts are posted for educative purposes onlyAT&T summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $29.1 |
| Close | $29.75 |
| Day range | $29.07 - $29.84 |
| Previous close | $29.11 |
| Session gain | 2.20% |
| Average true range | $0.61 |
| 50d mov avg | $28.83 |
| 100d mov avg | $28.13 |
| 200d mov avg | $28.44 |
| Earnings date | April 21st, 2021 |