AMERICAN TOWER CORP (AMT) Technical Analysis
NYSE:AMT • US03027X1000
Overall AMT gets a technical rating of 6 out of 10. AMT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, AMT is a bad performer in the overall market: 73% of all stocks are doing better.
- AMT is part of the Specialized REITs industry. There are 28 other stocks in this industry, of which 81% are performing better than AMT.
- AMT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- AMT has an average volume of 3085550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AMT has a been trading in the 168.68 - 195.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 support zone below the current price at 185.30, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
166.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 183.20 to 185.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 171.30 to 172.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 168.50 to 168.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 188.09 to 193.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @197.22 from a horizontal line in the daily time frame.
- Resistance @223.73 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for AMT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMT is up. |
| ChartMill Relative Strength | 27.76 | NEGATIVE | AMT has a low relative strength, it was outperformed by 72.24% off all stocks 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) | UP | POSITIVE | The current price of AMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.97 | NEUTRAL | The RSI value for AMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.16 | NEUTRAL | The Stochastics value for AMT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for AMT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for AMT suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 193.11 | 183.19 | 9.92 (5.14%) | 19.47% |
| An entry @193.11. This is a Buy Stop order right above the resistance zone. | An exit @183.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.92 points, which is 5.14%. | When investing 19.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
AMT Technicals: Chart, Performance Metrics, Trend & Indicators
187.64
-3.16 (-1.66%)
AMERICAN TOWER CORP / AMT FAQ
What is the technical rating for AMT stock?
ChartMill assigns a technical rating of 6 / 10 to AMT.
What is the trend direction for AMT stock?
The current trend direction for AMERICAN TOWER CORP (AMT) is Bearish.
Can you provide the RSI signal for AMERICAN TOWER CORP?
AMERICAN TOWER CORP (AMT) has an RSI value of 53.9663. This indicates that the stock is currently neutral.
What is the MACD signal for AMERICAN TOWER CORP (AMT) stock?
The MACD indicator for AMERICAN TOWER CORP (AMT) has a value of 0.0566344, indicating a bearish trend.
What is the support and resistance level for AMT stock?
AMERICAN TOWER CORP (AMT) has a support level at 185.3 and a resistance level at 188.09. Check the full technical report for our detailed analysis of AMT support and resistance levels.