Let’s see what the technical indicators say about AT&T (T) stock. Technical indicators help us predict a stock trend’s direction. Let’s start with the company’s moving average.
100-day moving averages
Relative strength index
On December 14, 2017, AT&T had a 14-day RSI reading of 73. Sprint, Verizon, and T-Mobile had 14-day RSI readings of 25, 78, and 54, respectively.
A 14-day RSI reading lower than 30 signifies an oversold stock, whereas a 14-day RSI reading greater than 70 signifies an overbought stock.
On December 14, AT&T’s stock price closed at $37.74, close to its upper Bollinger Band level of $38.46, which implies that the stock could be overbought. When the price of a stock is close to the lower Bollinger Band, it’s considered to be oversold, which can suggest a buy signal for investors.
On the other hand, the stock is considered overbought if it’s trading close to the upper band, which can be a sell signal for some investors.