Possible bottom AMT in this zone..Looking at a bottom in the area and the impact of 5G mobile on antenna business model for AMT.
AMT trade ideas
250 PTLooks to be be ready for another leg up based on Fibonacci levels.
Stop near $223
Not advice, just observing
American Tower: Old Resistance, New Support?American Tower is the largest owner of wireless towers, and the largest member of the real-estate sector.
It’s been in a long-term uptrend thanks to the spread of wireless communications, having doubled between early 2017 and early 2019. It hit new all-time highs last summer, pulled back for half a year and now may be showing signs of a turn.
The first important pattern is the 50-day simple moving average (SMA). Notice how it held prices in check in September and November. However AMT is now trying to bounce at the same line. Is old resistance becoming new support?
Next, stochastics are oversold on the daily chart. A rebound here could help validate the 50-day SMA as support.
Third, MACD is now rising on the weekly chart. Similar crosses also signaled longer-term pivots in early 2017 and mid-2018.
Overall, AMT has struggled along with other REITS as interest rates increased. However, its business still stands to benefit from the spread of 5G networking. Is now the time for investors to revisit the longer-term growth story?
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AMT LONGNYSE:AMT
This is solely for educational purposes.
This is my first sharing. I am testing my strategy which is based on combination of fundamental and technical analysis. My objective is to find good investment opportunities.
Analysis
I notice the price is making a trend change upward after bouncing at FIbo 61.8. Do notice there is a strong resistance at the top @ 268.64. The potential reward is about 17-18%.
Strategy
I would place a LONG order at the high of the candle on 25 Jan 2021 @ 229. Stop loss ard 203. Profit taking ard the resistance which is 268.64.
AMT is at resistanceI am looking for a pullback on AMT. It is overbought, has bearish RSI divergence, and appears to be pivoting off of the 224 price point.
I do not have a position on AMT, I will be evaluating this trade on monday based on market direction.
Always use stop loss when trading - thank you for viewing my idea!
American Tower Corp (AMT) Classic Trend Following
Yesterday I took a nice short trade on AMT stock.
Reason:
down trend on daily/4h charts.
Trade was taken after a breakout of a bearish flag pattern and consequent retest.
Now stock is preparing for a new bearish wave.
First goal - 205
Prepare to BUY AMT-Support around:203$ Target price: 268$
- RSI: oversold on the Weekly chart, OVB: Decreasing volume since Nov 16
-Industry trend: Increased need for broadband towers can we positive for AMT revenue
-AVG Stock price target: 278$
American Tower Corporation - where will the price go?One of the best REITs on the market. The 200 price level looks good for buying. But if all markets are corrected, the price can go even lower. Wait as the market meets the beginning of next year. Also, according to the chart, there is a possibility of the formation of a head with shoulders when the price approaches 230. The negative economic situation may force the company to go for an additional issue, which will allow the negative scenario to materialize.
Triple bullish divergence AMT
AMT Weekly:
The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 EMA. MACD Histogram is ticking up, although EFI is hanging around its EMA and not showing much strenght yet. Stochastic RSI is bullish and its %D line is rising.
Daily:
There is a nice triple divergence here, on MACD-Histogram and Elder Force Index. Then a ATR channel divergence on the current decline as well. Stochastic RSI is coming from an oversold condition and supports the idea of prices going up here. Also, MACD lines are diverging as well, which is a strong sign.
Entry: 2.315
Target: 2.435
Stop: 2.24
R/R ratio: 1:1.6
American Tower $AMT - investment idea 💡 This entry and SL is based on my technical analysis only.
Do your research and trade on your own risk!
American Tower, Short from 234 to 200Monthly
Strong Uptrend
Weekly
MACD divergency
I dont see reason to bulls.
DAily
I do not see power or accumulation.
Sellers are strong. Pattern does not look like bullish.
OPEN SHORT 234
SL 241
TP 200
RR 5.5
New trades today $EWG $EWD $CAR $URI $AMT $O$VIX inched higher to 29.2 and I expect it to hang around the 30 handle going into the election, no exits today, I put on 3 new pairs trades and plan on taking them off next week and most likely flattening my entire portfolio into cash going into election week.
Jared
$AMT - room to growHisto is lining up nicely
One of the few stocks during the chaos of 10% market drop that has ATR still showing positively
Nice entry point for some gains
AMT: Update - AMT is changing the short trend with a H&SHUpdate - AMT is changing the short trend with a H&SH
Please don't forget to FOLLOW , LIKE and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
$AMT - looking like a nice call ATR looks great
histo in the MACD flattened.
Buy signals are strong
Thinking of this for a call option to expire oct or jan
Price target of $267 for American Tower (REIT)Price target of $267
Dividend is 1.61%
Income 1.92B
P/B 31.57 - absurdly high
EPS this Y +53%
Sales Q/Q +1.2%
Gross Margin +71.7%
Profit Margin +24.7%
Short Float 0.74%
AMT breakout from resistance possibleAMT forming ascending Triangle showing resistance around 170 levels. If breakout happens, could reach new highs.
Disclaimer: Not an advice to sell or buy!!
