AT&T 1 Month Chart Technical Analysis
Chart Pattern: Bull flag(bullish) broke upwards following upward trend line(green).
Exponential Moving Average: EMA 9(green line) is above EMA 21(red line) bullish
Bollinger Band (BB): AT&T is in the upper band(red) it could be bearish, however, let’s check the volume to make sure this isn’t signifying a reversal downwards.
Moving Average Convergence Divergence: The MACD (green line) is above the signal (red line) bullish.
Volume: The volume for last month (Monday 3, Feb 2025) is higher than this month's volume (Monday 3, Mar 2025). Granted, we’re only nine days in this month.
Red Rectangular Box: AT&T is in a zone where the most bearish activity or choppiness is.
Opinion: Bullish on the 1-month chart. Everything related to the chart looks promising. The volume will come as the month progresses. If AT&T closes above my trendline $28.04, I see it going to my next target $29.72 and potentially $32.35.
Out of the money options (OTM): Calls for 18 Jul 25 100
0.63 x 100= $63.00