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Moving Averages Show Technical Weakness in AT&T Stock

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Moving averages

Recently, AT&T (T) stock fell below its short-term (20-day) moving average, indicating a bearish sentiment in the company. On December 24, AT&T stock closed the trading day at $27.36. Based on this figure, the stock was trading 8.8% below its 20-day moving average of $29.99, 10.4% below its 50-day moving average of $30.54, and 13.8% below its 100-day moving average of $31.73.

In comparison, Verizon (VZ) was trading 4.6% below its 100-day moving average, while T-Mobile (TMUS) was trading 9.3% below its 100-day moving average. Sprint (S) was trading 9.2% below its 100-day moving average.

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Relative strength index

As of December 24, AT&T had a 14-day RSI (relative strength index) score of 27. A stock’s 14-day RSI score is measured on a scale of 0–100, with a level of above 70 indicating that the stock is overbought and a level of lower than 30 indicating that the stock is oversold.

A stock’s trading between a 14-day RSI level of 30 and 70 suggests balanced trading activity. T-Mobile’s, Sprint’s, and Verizon’s 14-day RSI scores are 24, 33, and 27, respectively.

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