Technical aspects are helpful in anticipating a stock’s direction trend. Technical aspects hold particular value for traders and investors as they make the market exit and entry decisions. The two most commonly used technical indicators are RSI (relative strength index) scores and moving averages.
Below, we’ll assess how AT&T (T) stock has performed over the past few days and compare its indicators with those of its telecommunication peers.
100-day moving averages
On August 18, 2017, AT&T was trading 4.2% below its 100-day moving average. By comparison, Verizon Communications (VZ) was trading around 3.7% above its 100-day moving average, while T-Mobile (TMUS) was trading 1.6% below its average. Sprint (S) was trading 0.9% above its 100-day moving average on August 18.
Relative strength index
On August 18, 2017, AT&T had a 14-day RSI reading of 23. Meanwhile, Verizon, T-Mobile, and Sprint had 14-day RSI readings of 42, 58, and 52, respectively.
Remember, a 14-day RSI level of below 30 signifies an oversold stock, while a 14-day RSI level of above 70 signifies an overbought stock.