AT&T’s Technical Indicators and What They Could Mean
Technical indicators are helpful when predicting a stock’s direction and trend. They have significant value for investors and traders who are making decisions about market entry and exit levels. The two most often used technical indicators are moving averages and RSI (relative strength index) scores. Let’s take a look at AT&T’s (T) technical aspects and compare them to other major US wireless players.
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100-day moving averages
As of October 9, 2017, AT&T was trading 0.80% above its 100-day moving average. By comparison, T-Mobile (TMUS) was trading 2.3% below its 100-day moving average, and Verizon (VZ) was trading 4.4% above its 100-day moving average. Sprint (S) was trading 8.5% below its 100-day moving average.
Relative strength index
As of October 9, 2017, AT&T had a 14-day RSI (relative strength index) level of 51. T-Mobile, Verizon, and Sprint had 14-day RSI readings of 25, 47, and 32, respectively.
Usually, a 14-day RSI reading below 30 implies an oversold stock, whereas a 14-day RSI reading above 70 indicates an overbought stock.