RSI divergence on all time frame for $TRSI divergence on all time frame for $T. Expecting a new bull run in the coming weeks.
TD trade ideas
AT&T (T)...Your parents' phone company, once again!After years of 'conglomeratizing' (is that a word??) and turning itself into a combo phone, media, tech, content & communications company, T found itself being lots of things to lots of people but ultimately not being enough of anything to anyone! Couple that with tons of debt to pay for all that 'pac-man'ing of businesses and you get the AT&T of not too long ago that did a 180, announced a sale of key assets, a cut in their dividend and a return to what they know best: mobile phone communications.
Some time has passed since they ticked off Wall Street and many investors with an about-face that was not only not advertised but was in complete contradiction to what management had been saying right up until that point, and what we have now is a mobile phone company that is getting some pretty good press about progress in developing their 5G network, cutting costs and paying down debt.
Even with the dividend cut, T is still paying over 5% currently and seems to be generating ample cash flow to continue paying down debt and keeping the dividend in place. (Of course, 'buyer beware' definitely applies here, as does 'fool me once, your fault; fool me twice, mine!)
Bottom line?
I like T and am considering buying more.
The chart shows the recent runup in price, with shorter-date-moving-averages moving up and piercing, or about to, longer-date-ma's. That's good. What's not so good is the RSI which has been in overbought territory, and while off the highs, is still in a 'divergence' (ie: going down) with price action (going up). The momentum too, MACD, is fading.
All this on the heels of recent positive presentations by the company's COO and it's CFO on progress to date, including this paraphrased quote: "The company continues to see healthy customer growth in its strategic focus areas of 5G and fiber as customer demand for connectivity services remains high"
And an upgrade today by Argus from Hold to Buy.
I do like the direction that T has been taking and the progress they appear to be making in achieving their new goals. And I do think that as long as their 5+% dividend is maintained, there will be 'value' and 'dividend' investors who will be wooed back to an old favorite that had gone rogue for a while. This is especially likely if I'm correct that the overall economic picture will worsen into '23 and longer-term interest rates will stay where they are or decline further as inflation expectations continue to fall and recession expectations continue to rise.
But this is one where I'm going to yield to the technicals on the chart and wait for a pullback before adding.
As always, nothing written here whether explicitly or implied is meant to be advice in anyway! It's simply food for thought and discussion.
Comments welcome.
Buying low hanging fruit!AT&T
A high option orderflow drew my attention to this stock.
One of the biggest and oldest companies in the communication services sector. At the moment on a multi year low.
I guess they will make it. And this price looks really inviting for a long.
Paying 1.11 dividend.
My anticipated technical target for the next 6-12 month is $17-18.
I'll take a shot.
AT&T nearing bottom Key Points
(+) AT&T continues to enjoy strong customer growth in a highly competitive market.
(+) Its revenue increased year over year in the first quarter, but free cash flow fell.
(+) Despite this, AT&T expects to hit its 2023 free-cash-flow target of $16 billion.
(-) Amazon Might Offer Mobile Service
Watchlist 2023-04-21 $SPY $CSX $LVS $MGM $NWG $T $UALAMEX:SPY - opening up exactly at PD open, which is sort of strange. This whole week we have opened lower, trended higher, and then finished lower. This could mean there is a trend change today. However, Until the weekly downward trend is broken, I will assume we will continue it.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:CSX - triple earnings beats, says it expects shipping prices to remain high in next quarter. Receives mutpile price target increases. However, we only have 1 PM RVOL , so will need to wait to see that number be raised before getting into a trade. There are not a lot of clear support levels we would have to use a 31.50 or 31.25 as confirmation. Target is 33.
NYSE:LVS - Swings to Profit in Q1 After Sales Surge, was very strong PD until Janet Yellen tanked that market with her comments. If we can see some support at 61, long is in play.
NYSE:T - terrible day PD, closing near the monthly pivot bottom of 17.50. If it stays weak, day 2 continuation short with a hold below this level. I do not want to be first to this trade, let the move happen and see it hold under this level as there is lots of risk that it can get bought up quickly. Else, there is a resistance test trade at 18 to start into a position anticipating a close below 17.50.
Other watches:
NYSE:NWG - no news but has RVOL of 2 right now and whipped out yesterday's gains will no retracement like many of the names that took a hit yesterday. Watching for weaknes off the open.
NASDAQ:UAL - strong day PD. Looking for a day 3 continuation short under 44.30
T AT&T Options Ahead of EarningsIf you haven`t sold T AT&T here:
Then analyzing the options chain of T AT&T prior to the earnings report this week, I would consider purchasing
Calls with a 20usd strike price and an expiration date of 2023-4-21, for a premium of approximately $0.38.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
ATT, 10d+/-24.24%falling cycle -24.24% more than 10 days
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
AT&T BUYAT&T stock has proven time and time again with jumps and false breakouts of implied volatility yet, posting a beta of about .67 and lots of upside potential it seems to be a valid time to purchase. Using the dividend discount model I was able to conclude that the cost of equity (COE) rounds out to be about 7.88% and a fair share cost price of $35.22 with an upside potential percentage of 88.12%. With only about 53% of the stock being held by large institutions and funds theres a lot of room for retail investors to purchase at&t at a hefty discount.
$T, $V, $META, oversold megacaps with large moatsThis investment thesis is very simple. The recent market declines have pushed many stocks to attractive price levels. The three mega-cap companies AT&T, Visa, and Meta (previously known as Facebook) were hit especially hard by the declines, and are now trading in areas with strong support. Since all these stocks have strong moats, and significant margins of safety in the long run, I'm bullish on them.
There is, however, uncertainty associated with the FED's rate hikes, so I am hedging my position against massive sudden bear moves with an investment in SQQQ and UVXY.
AT&T driven lower by current resistance - AnalysisAT&T's stock (T) declined in the intraday levels, after the resistance of 19.52, while the stock tested the downward short-term resistance line, amid attempts to gather momentum to recover anew, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore I expect the stock to return higher, targeting the resistance of 19.52 anew.
T - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨( T ) AT&T Inc.🚨
Provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
T | Very Overbought | Correction IncomingAT&T Inc. provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
AT&T to see early optimism?AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62)
The previous swing high is located at 20.90.
There is no clear indication that the upward move is coming to an end.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance is located at 20.90 and should cap gains to this area.
Expect trading to remain mixed and volatile.
The medium term bias is neutral.
Our profit targets will be 18.31 and 17.61
Resistance: 19.80 / 20.90 / 21.50
Support: 18.70 / 18.00 / 17.70
Disclaimer – Saxo Bank Group.
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