AMERICAN TOWER CORP (AMT) Stock Technical Analysis
NYSE:AMT - New York Stock Exchange, Inc. - US03027X1000 - REIT - Currency: USD
Overall AMT gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AMT is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month AMT has a been trading in the 205.00 - 217.77 range, which is quite wide. It is currently trading near the high of this range.
AMT has an average volume of 3106200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AMT turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
AMT is part of the Specialized REITs industry. There are 30 other stocks in this industry, AMT did better than 58% of them.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, AMT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 220.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 215.32, a Stop Loss order could be placed below this zone.
More info and screens
169.59
240.90
We found 4 important support areas.
- A support zone ranging from 210.81 to 215.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 203.95 to 206.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @178.09 from a trend line in the weekly time frame.
- Support @171.30 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 220.89 to 223.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @229.43 from a horizontal line in the daily time frame.
- Resistance @238.51 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for AMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMT is up. |
| ChartMill Relative Strength | 61.29 | NEUTRAL | AMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AMT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.33 | NEUTRAL | The RSI value for AMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests AMT has a positive trend. |
| Stochastics (14,3) | 77.48 | NEUTRAL | The Stochastics value for AMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for AMT suggests low volalility. |
| Average Directional Index/ADX (14) | 9.09 | NEGATIVE | The low ADX value for AMT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 223.22 | 210.37 | 12.85 (5.76%) | 17.37% |
| An entry @223.22. This is a Buy Stop order right above the resistance zone. | An exit @210.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 12.85 points, which is 5.76%. | For a 1.00% total portfolio risk, you can invest 17.37% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
217.7
+3.34 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg1.56%
1 Week0.68%
2 Weeks1.87%
1 Month6.45%
3 Month3.21%
6 Month10.42%
12 Month10.49%
2 Year12.25%
3 Year-14.82%
5 Year-15.8%
10 Year133.36%
15 Year389.21%
Volatility
ATR(14)3.36
ATR(20)%1.65%
ATR Inc-14.4%
Range Today3.22
ADR(20)3.51
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.29
Mansfield-0.17
10 Day High217.77
10 Day Low210.38
20 Day High217.77
20 Day Low205
52 Week High243.56
52 Week Low172.51
CS1 End215.32
CR1 Start220.89
Volume & EV
DER(3)0.64%
DER(5)0.48%
Volume1.74M
Volume Incr-30.73%
Vol(5)1.85M
Vol(50)3.11M