What AT&T’s Moving Averages Suggest
Recently, AT&T (T) rose above its 20-day moving average, suggesting a bullish sentiment in its stock. On June 12, AT&T stock closed the trading day at $32.18. Based on this figure, the stock was trading 1.0% above its 20-day moving average of $31.86.
Jun. 14 2019, Updated 11:05 a.m. ET
Moving averages
Recently, AT&T (T) rose above its 20-day moving average, suggesting a bullish sentiment in its stock. On June 12, AT&T stock closed the trading day at $32.18. Based on this figure, the stock was trading 1.0% above its 20-day moving average of $31.86, 2.0% above its 50-day moving average of $31.55, and 3.7% above its 100-day moving average of $31.02.
In comparison, T-Mobile (TMUS) was trading 4.2% above its 100-day moving average, while Sprint (S) was trading 7.1% above its 100-day moving average.
Relative strength index
On June 12, AT&T’s 14-day RSI (relative strength index) score stood at 56, indicating that the company’s stock was neither overbought nor oversold. T-Mobile’s and Sprint’s 14-day RSI scores stood at 51 and 50, respectively.
RSI is one of the most widely used technical indicators, and it’s measured on a scale of 0–100. If an RSI number is below 30, it’s an indication that a company’s stock may rise soon, as it’s been oversold. An RSI figure of above 70 suggests that a stock may fall soon, as it’s been overbought.
