AT&T’s moving averages

Now let’s look at AT&T’s (T) technical indicators and compare them to its peers in the telecom space. The sell-off of AT&T stock in October saw the stock fall below its 50-day and 100-day moving averages, which indicates a bearish sentiment in the company.

On October 11, AT&T stock closed the trading day at $31.75. Based on this figure, the stock was trading 5.4% below its 20-day moving average of $33.56, 3.6% below its 50-day moving average of $32.93, and 2.5% below its 100-day moving average of $32.56.

In comparison, Verizon (VZ) was trading 2.8% above its 100-day moving average, while T-Mobile (TMUS) was trading 5.1% above its average. Sprint (S) was trading 6.9% above its 100-day moving average.

How the Recent Sell-Off Impacted AT&T’s Technical Indicators

Relative strength index

A stock’s 14-day RSI (relative strength index) score is measured on a scale of zero to 100, with a score greater than 70 denoting that a stock is overbought and a score lower than 30 indicating that a stock is oversold. A stock trading between a 14-day RSI level of 30 and 70 denotes balanced trading activity.

On October 11, AT&T had a 14-day RSI of 32. Meanwhile, T-Mobile, Sprint, and Verizon had 14-day RSI readings of 39, 42, and 43, respectively.

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