On June 20, AT&T (T) stock closed the trading day at $32.54. On the downside, the company’s immediate support lies near $32.37, while $32.66 could act as an immediate resistance level on a daily basis.
Based on the closing price of June 20, AT&T stock was trading 1.7% above its 20-day moving average of $32.00, 3.0% above its 50-day moving average of $31.60, and 4.6% above its 100-day moving average of $31.12.
Relative strength index
On June 20, AT&T’s 14-day RSI (relative strength index) score was 59, which indicates that the company’s stock isn’t oversold or overbought. T-Mobile and Sprint’s 14-day RSI scores were 62 and 64, respectively.
The RSI is one of the most widely used technical indicators. The RSI is measured on a scale of zero to 100. If an RSI number is lower than 30, it indicates that the stock might rise soon—it has been oversold. An RSI figure higher than 70 indicates that the stock might fall soon—it has been overbought.