TBB Technical Analysis - AT&T INC - T 5.35 11/01/66

Technical Rating and Analysis

Overall TBB gets a technical rating of 6 out of 10. TBB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month TBB has a been trading in the 22.49 - 23.91 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, TBB turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.

TBB is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, TBB did better than 48% of them.

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AT&T INC - T 5.35 11/01/66 / TBB Weekly stock chart

AT&T INC - T 5.35 11/01/66 / TBB Daily stock chart

Setup Rating and Analysis

TBB has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.54

25.07

2 important support areas can be observed.

A support zone ranging from 22.86 to 23.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 21.76 to 22.44. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @24.01 from a horizontal line in the daily time frame.
A resistance zone ranging from 24.43 to 24.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for TBB is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TBB is up.
ChartMill Relative Strength	44.18	NEUTRAL	TBB is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TBB is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TBB is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of TBB is above a declining SMA(200).
Relative Strength Index/RSI (14)	70.95	OVERBOUGHT	The high RSI value suggests TBB may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests TBB has a positive trend.
Stochastics (14,3)	97.66	OVERBOUGHT	The high Stochastics value suggests TBB may be overbought.
Average True Range in percent/ATR (20)	0.92	LOW VOLATILITY	The low ATR as a percentage value for TBB suggests low volalility.
Average Directional Index/ADX (14)	21.57	NEUTRAL	The ADX value for TBB suggests a possible start of a new trend.