Recently, AT&T (T) stock fell below its short-term (20-day) moving average, suggesting a bearish sentiment in the company. On December 7, AT&T stock closed the trading day at $30.14. Based on this figure, the stock was trading 1% below its 20-day moving average of $30.44, 4.1% below its 50-day moving average of $31.44, and 5.6% below its 100-day moving average of $31.94.
In comparison, Verizon (VZ) was trading 4.8% above its 100-day moving average, while T-Mobile (TMUS) was trading 1.1% below its 100-day moving average. Sprint (S) was trading 2% below its 100-day moving average.
Relative strength index
On December 7, AT&T had a 14-day RSI (relative strength index) score of 45. A stock’s 14-day RSI score is measured on a scale of zero to 100. According to technical analysts, a stock is considered “oversold” when its 14-day RSI level drops below 30 and “overbought” when its 14-day RSI level rises above 70. A stock’s trading between a 14-day RSI level of 30 and 70 denotes balanced trading activity. Meanwhile, T-Mobile’s, Sprint’s, and Verizon’s 14-day RSI scores are 40, 42, and 46, respectively.
Revenue and EPS forecast
Analysts expect AT&T’s sales and adjusted EPS to be $171.2 billion and $3.52, respectively, in 2018 and $185.2 billion and $3.57, respectively, in 2019. The company reported sales of $160.8 billion and adjusted EPS of $3.05 in 2017.