AT&T Inc. (NYSE:T) HEFFX Highlights

AT&T Inc. (NYSE:T) HEFFX Highlights

AT&T Inc. (NYSE:T) HEFFX Highlights

  • US telecom giant AT&T has been awarded a patent for a kind of home subscriber server backed by blockchain tech.
  • A home subscriber server performs authentication and media delivery functions for subscription holders. AT&T’s patent, as reported last year by CoinDesk, was aimed at improving the resiliency of these systems by creating a distributed network of nodes that share information.
  • AT&T said it would continue supporting the Vyatta virtual router it has bought from Brocade. The service provider, however, won’t take over all user contracts.

AT&T Inc. is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide. It also owns and operates three regional TV sports networks, and retains non-controlling interests in another regional sports network and a network dedicated to game-related programming, as well as Internet interactive game playing. Its services and products include wireless communications, data/broadband and Internet services, digital video services, local and long-distance telephone services, telecommunications equipment, managed networking, and wholesale services. Its subsidiaries include AT&T Mobility and SKY Brasil Servicos Ltda.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 39.66.

The projected lower bound is: 37.85.

The projected closing price is: 38.76.

AT&T closed up 0.080 at 38.810. Volume was 100% below average (consolidating) and Bollinger Bands were 33% narrower than normal.

Open        High         Low          Close       Volume
38.810     38.810     38.810     38.810     5

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period       50-period        200-period
Close:                       38.57              39.45                40.16
Volatility:                9                      15                      18
Volume:                  15,509,221     20,124,646     21,427,920

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
AT&T is currently 3.4% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into T (mildly bullish). Our trend forecasting oscillators are currently bullish on T and have had this outlook for the last 4 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.9406. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.55. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 13 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 86. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 16 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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