Understanding AT&T’s Key Technical Levels after the 3Q17 Results
Technical indicators are used to anticipate the direction of a stock trend. Technical indicators hold significant value for traders and investors, who have to decide on the market exit and entry levels. The two most frequently used technical aspects are RSI (relative strength index) and moving averages.
Below, we’ll take a look at how AT&T (T) stock has performed lately, comparing the company’s technicals with those of its telecom peers.
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100-day moving averages
On November 8, 2017, AT&T was trading 9.6% below its 100-day moving average. Verizon Communications (VZ) was trading ~3.3% below its 100-day moving average, while T-Mobile (TMUS) was trading 9.3% below its average. Sprint (S) was trading 25.1% below its 100-day moving average.
Relative strength index
On November 8, 2017, AT&T had a 14-day RSI reading of 27. Sprint, Verizon, and T-Mobile had 14-day RSI readings of 32, 13, and 32, respectively.
Normally, a 14-day RSI reading of under 30 denotes an oversold stock, while a 14-day RSI reading of above 70 denotes an overbought stock.