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AMERICAN TOWER CORP.
AMERICAN TOWER CORP.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AMT
ISIN:

AMERICAN TOWER CORP. - 1H - Technical analysis published on 12/24/2024 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 193.42 USD
My targets
179.04 USD (-2.86%)
168.48 USD (-8.59%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 193.42 USD remains possible. It is advisable to trade AMERICAN TOWER CORP. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 193.42 USD. The next bearish objective for sellers is set at 179.04 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 168.48 USD. In case of crossing, the next objective would be the support located at 152.66 USD. PS: if there is a bullish break in the resistance located at 193.42 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AMERICAN TOWER CORP. price is 184.31 USD. The price is lower by -0.04% since the last closing with the lowest point at 182.54 USD and the highest point at 184.58 USD. The deviation from the price is +0.97% for the low point and -0.15% for the high point.

182.54
184.58
184.31

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of AMERICAN TOWER CORP. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 168.48 179.04 184.20 184.31 193.42 198.77 204.79
Change (%) -8.59% -2.86% -0.06% - +4.94% +7.85% +11.11%
Change -15.83 -5.27 -0.11 - +9.11 +14.46 +20.48
Level Intermediate Intermediate Major - 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
Standard178.51179.77182.08183.34185.65186.91189.22
Camarilla183.40183.73184.05184.38184.71185.04185.36
Woodie179.03180.03182.60183.60186.17187.17189.74
Fibonacci179.77181.14181.98183.34184.71185.55186.91


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard155.90167.47175.60187.17195.30206.87215.00
Camarilla178.31180.12181.92183.73185.54187.34189.15
Woodie154.18166.61173.88186.31193.58206.01213.28
Fibonacci167.47175.00179.65187.17194.70199.35206.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard167.09179.42194.27206.60221.45233.78248.63
Camarilla201.66204.15206.64209.13211.62214.11216.61
Woodie168.36180.05195.54207.23222.72234.41249.90
Fibonacci179.42189.80196.21206.60216.98223.39233.78

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 45.26
MACD (12,26,9): -1.1700
Directional Movement: -9.47
AROON (14): -28.57
DEMA (21): 182.26
Parabolic SAR (0,02-0,02-0,2): 185.51
Elder Ray (13): 0.26
Super Trend (3,10): 180.25
Zig ZAG (10): 184.12
VORTEX (21): 1.0100
Stochastique (14,3,5): 51.47
TEMA (21): 183.49
Williams %R (14): -33.26
Chande Momentum Oscillator (20): 0.19
Repulse (5,40,3): 0.8900
ROCnROLL: -1
TRIX (15,9): -0.1300
Courbe Coppock: 0.04
MA7: 186.23
MA20: 198.60
MA50: 205.71
MA100: 216.35
MAexp7: 183.75
MAexp20: 184.20
MAexp50: 188.14
MAexp100: 193.17
Price / MA7: -1.03%
Price / MA20: -7.20%
Price / MA50: -10.40%
Price / MA100: -14.81%
Price / MAexp7: +0.30%
Price / MAexp20: +0.06%
Price / MAexp50: -2.04%
Price / MAexp100: -4.59%

Quotes : - 15 min delayed data - NYSE Stocks

News


The last news published on AMERICAN TOWER CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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