AMT Technical Analysis - AMERICAN TOWER CORP

Technical Rating and Analysis

Taking everything into account, AMT scores 0 out of 10 in our technical rating. AMT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

85% of all other stocks performed better in the past year than AMT.

AMT is one of the lesser performing stocks in the Specialized REITs industry. 79% of 30 stocks in the same industry do better.

AMT has an average volume of 2949730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

AMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMT is lagging the market.

In the last month AMT has a been trading in the 182.50 - 197.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMERICAN TOWER CORP / AMT Weekly stock chart

AMERICAN TOWER CORP / AMT Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, AMT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

169.59

230.47

2 important support areas can be observed.

A support zone ranging from 183.19 to 183.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 171.30 to 173.45. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @211.89 from a horizontal line in the daily time frame.
Resistance @228.19 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for AMT is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AMT is neutral.
ChartMill Relative Strength	15.85	NEGATIVE	AMT has a low relative strength, it was outperformed by 84.15% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of AMT is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AMT is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of AMT is below the rising SMA(200).
Relative Strength Index/RSI (14)	52.46	NEUTRAL	The RSI value for AMT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.04	POSITIVE	The MACD value suggests AMT has a positive trend.
Stochastics (14,3)	76.81	NEUTRAL	The Stochastics value for AMT is a neutral value.
Average True Range in percent/ATR (20)	1.82	LOW VOLATILITY	The low ATR as a percentage value for AMT suggests low volalility.
Average Directional Index/ADX (14)	22.61	NEUTRAL	The ADX value for AMT suggests a possible start of a new trend.