AMERICAN TOWER CORP. - Daily - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 196.71 USD
My targets
181.01 USD (-5.19%)
173.64 USD (-9.05%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on AMERICAN TOWER CORP. as long as the price remains well below 196.71 USD. The next bearish objective for sellers is set at 181.01 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 173.64 USD. If there is any crossing, the next objective would be the support located at 167.85 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMERICAN TOWER CORP. rating is 190.92 USD. The price registered an increase of +2.27% on the session and was between 186.50 USD and 191.33 USD. This implies that the price is at +2.37% from its lowest and at -0.21% from its highest.186.50
191.33
190.92
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMERICAN TOWER CORP.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AMERICAN TOWER CORP. indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 173.64 | 181.01 | 189.38 | 190.92 | 196.71 | 203.44 | 218.96 |
| Change (%) | -9.05% | -5.19% | -0.81% | - | +3.03% | +6.56% | +14.69% |
| Change | -17.28 | -9.91 | -1.54 | - | +5.79 | +12.52 | +28.04 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.24 | 176.70 | 181.69 | 186.15 | 191.14 | 195.60 | 200.59 |
| Camarilla | 184.08 | 184.95 | 185.81 | 186.68 | 187.55 | 188.41 | 189.28 |
| Woodie | 172.51 | 176.83 | 181.96 | 186.28 | 191.41 | 195.73 | 200.86 |
| Fibonacci | 176.70 | 180.31 | 182.54 | 186.15 | 189.76 | 191.99 | 195.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.93 | 183.26 | 186.60 | 188.93 | 192.27 | 194.60 | 197.94 |
| Camarilla | 188.37 | 188.89 | 189.41 | 189.93 | 190.45 | 190.97 | 191.49 |
| Woodie | 181.43 | 183.51 | 187.10 | 189.18 | 192.77 | 194.85 | 198.44 |
| Fibonacci | 183.26 | 185.43 | 186.77 | 188.93 | 191.10 | 192.44 | 194.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.88 | 178.82 | 187.23 | 203.17 | 211.58 | 227.52 | 235.93 |
| Camarilla | 188.95 | 191.19 | 193.42 | 195.65 | 197.88 | 200.11 | 202.35 |
| Woodie | 159.13 | 176.94 | 183.48 | 201.29 | 207.83 | 225.64 | 232.18 |
| Fibonacci | 178.82 | 188.12 | 193.87 | 203.17 | 212.47 | 218.22 | 227.52 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.96 | |
| MACD (12,26,9): | -3.4000 | |
| Directional Movement: | -14.75 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 186.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 193.21 | |
| Elder Ray (13): | -1.22 | |
| Super Trend (3,10): | 199.36 | |
| Zig ZAG (10): | 190.69 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 46.15 | |
| TEMA (21): | 185.98 | |
| Williams %R (14): | -31.65 | |
| Chande Momentum Oscillator (20): | -3.39 | |
| Repulse (5,40,3): | 2.7800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3000 | |
| Courbe Coppock: | 5.17 |
| MA7: | 188.57 | |
| MA20: | 190.74 | |
| MA50: | 201.53 | |
| MA100: | 192.92 | |
| MAexp7: | 189.01 | |
| MAexp20: | 191.50 | |
| MAexp50: | 195.57 | |
| MAexp100: | 194.24 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -5.26% | |
| Price / MA100: | -1.04% | |
| Price / MAexp7: | +1.01% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -2.38% | |
| Price / MAexp100: | -1.71% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on AMERICAN TOWER CORP. at the time of the analysis were as follows:
- Investor Network: American Tower Corporation to Host Earnings Call
-
American Tower
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American Tower
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Carson Block: American Tower Got in Under the Wire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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