$T AT&T Inc Stock Robo Analyst May 20 2020 #T

AT&T Inc (T) “On a long-term technical basis, the stock (T) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken up through an important long-term resistance level at 27.32 suggesting the long-term down trend could be turning neutral. If this new level of support at 27.32 holds, look for a move higher to the next resistance level at 31.42.

The stock has support at 27.32 and 19.97. If the stock breaks down through support at 27.32 then it will probably continue lower to 19.97. The stock has resistance at 29.15 and at 31.42. If the stock breaks up through resistance at 29.15 then it will probably continue higher to 31.42. The 200-day moving average is at 35.68. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (23.48), so look for a possible rebound soon. Confirm this with the Short-Term Opinion and Daily Opinion to keep from exiting prematurely.”