$T AT&T Inc Stock Robo Analyst August 30 2020 #T
AT&T Inc (T) “On a long-term technical basis, the stock (T) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 29.92 and 27.70. If the stock breaks down through support at 29.92 then it will probably continue lower to 27.70. The stock has resistance at 30.53 and at 33.24. If the stock breaks up through resistance at 30.53 then it will probably continue higher to 33.24. The 200-day moving average is at 33.33. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 29.92 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (39.42).”