AMERICAN TOWER CORP (AMT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AMT • US03027X1000
We assign a technical rating of 1 out of 10 to AMT. AMT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 74% of all other stocks performed better in the past year than AMT.
- AMT is part of the Specialized REITs industry. There are 28 other stocks in this industry, of which 85% 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.
- AMT has an average volume of 3261970 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 - 184.17 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 bad, AMT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 183.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 177.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
166.82
We found 3 important support areas.
- A support zone ranging from 175.65 to 177.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @171.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 168.50 to 168.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 183.58 to 184.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @224.31 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 | 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 | 26.1 | NEGATIVE | AMT has a low relative strength, it was outperformed by 73.9% 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) | DOWN | MIXED | The current price of AMT is above a declining 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) | 53.42 | NEUTRAL | The RSI value for AMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests AMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.13 | NEUTRAL | The Stochastics value for AMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for AMT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.39 | NEGATIVE | The low ADX value for AMT suggests a weak or negative trend. |
178.51
+4.8 (+2.76%)
AMERICAN TOWER CORP / AMT FAQ
What is the technical rating for AMT stock?
ChartMill assigns a technical rating of 1 / 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 53.4201. 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 -0.238222, indicating a bearish trend.
What is the support and resistance level for AMT stock?
AMERICAN TOWER CORP (AMT) has a support level at 177.28 and a resistance level at 183.58. Check the full technical report for our detailed analysis of AMT support and resistance levels.