Att
Is AT&T (T) a good buy.... almost thereEveryone is talking about AT&T or T as they call it being a good buy.... well it's almost there for us. Was very close in December but 21 or below is the price I will take AT&T at. If you were to look at the P/E for this stock and say VZ they are pretty close though the problem becomes for us the amount of shares that will be outstanding after the sale of the Streaming division 7.2B wayy too many stocks outstanding for us. Compared with VZ 4.2B.
I would consider and have alerts set for anything below 21.96 and then possibly take a look as they consolidate and focus on their core business of phone service.
AT&T ready to for the next big jump? Dear TradingView-Community,
today I want to share the first investment idea and I hope it will help you making the right decisions or bring a new perspective to your analysis.
I really would like you to ask for feedback, that I can also learn from different views to become better over time. Thanks a lot for your time and I really hope it is not wasted, but for your benefit.
As you can see on the chart, it is a really long cycle of the AT&T stock performance. As many communication stocks at that time AT&T hit its all-time high shortly before the dot-com bubble reached its biggest volume. AT&T have never seen this price since. Instead over the years there were several up and downs, but all had one thing in common >> every high and low stayed within a triangle (purple lines) and the volatility went down more and more.
In October 2021 after presenting Q3 results, the stock price went to free fall and left the triangle to the lower end. But the downturn haven't stopped there, also the last significant support zone at the 23.6% Fibonacci retracement - red line and active since 2005 - couldn't stop the sell off. Instead the chart went down almost until the last significant low from both - end of the dot-com correction (2002-2003) and end of the financial crisis (end of 2008-2009) (red bubbles).
Now let's take a closer look to the indicators, to find out if this also is a similar extreme reaction of the market as it was twice in the last decade.
1. RSI - Relative Strength Index
As you can see in the picture only 4 times since 2000 we could see a oversold situation in the weekly RSI chart until today. It is relatively easy to interpret the first 3 oversold situation because it was always the end of a broader market correction (dot-com, financial crisis, Covid 1st wave). Therefore it was also pretty easy to predict that the oversold situation will be corrected by increasing stock prices after the fear went out of market and the optimisim took place.
But what about the current situation?
We have an even more oversold situation, in fact we reached a new all-time low at 16.46. It would be very easy to argue that this is a perfect moment to buy stocks as much as possible, because this oversold situation will be cleared for sure very soon. But...
In my opinion there are several obstacles on the way and it is not that clear that a higher RSI also comes along with a higher stock price.
1. Currently we don't have had a broader market event that explains the downturn of this stock.
2. The competitor situation has changed dramatically over the last decade. (rise of T-Mobile US and recently the rollout of Tesla's StarLink project.
3. The liability situation becomes worse dramatically over the last 5 years with acquisitions of DirecTV and TimeWarner.
4. Both really large acquisitions are already on the way to separate again from AT&T in new corporations, but for a far lower value than purchased before.
5. The necessity of investing into 5G and fiber optic infrastructure to fight the competitors.
6. The latest spin-off announcement and the merger of HBO and Discovery also leads to dividend cuts for the first time since 50 years.
7. Technically the bearish cross of the triangle is a massive sell signal, but this is already happen and the price dropped already 20% since then.
Nevertheless, I need to point out that all above arguments also have some positive counterparts + we need to differentiate between a long-term investment based on value investment strategies and an short to mediate technical based investment.
So let's find out the positive things about the current situation and the nearer future:
1. Technically we are at an extreme low point when it comes to fib-retracement and RSI - that can lead to a turnaround with a short-term potential until $24.75 (23.6% Fib-retracement) or even $29.34 (38.2% Fib and connection to the triangle.
2. The merger of HBO-Discovery leads to a lot of additional stocks from the new corporation (70% of the AT&T stocks when you hold your stocks until the merger went through (approx. mid 2022). As you can see after several spin-off of different companies (e.g. Mercedes-Benz AG split from Mercedes-Benz Truck and Buses) the sum of both stocks are very often more worth than the stock before the spin-off. Means even when the AT&T stock price is not tending upwards, the spin-off and merger next year brings lots of potential.
3. The Spin-off leads to a significant liability reduction for the AT&T stock and that leads to a better value for the whole company.
4. The new merger is one of the market entertainment leader and with its digital and subscription growth strategy as well as its plans to expand to Europe, the best position in sport documentation and the strong brands will be a great base for expansion.
5. The reduced dividend kicks out dividend investors, but also leads to more free cash-flow to speed up the extension of 5G and fiber network.
6. The separation from the media section leads to more focus on the core business and allows to slimline the customer approach what also will safe operational costs.
7. AT&T is still a strong brand and one of the biggest communication companies in the world. It serves not just the US but the most countries of the world on all continents. Especially in raising Latin America AT&T is leader in costumer experience and working environment. A great foundation for further growth. Also the connection to the US government and especially into the emergency and health sector is a Garant for stable returns.
What I am now looking for to find a safe trade-in point with a W/L ratio of at least 2/1:
1. MACD weekly
When the blue line is crossing the red line again upwards that is a clear sign of strength and very bullish to interpret. Especially on the weekly basis. To trade-in earlier and have both - more potential and risk - you can use the daily basis instead. But the risk of a false signal is slightly higher.
2. OBV weekly
OBV stands for On-Balance-Volume and symbolize the activity of "smart money". Means a new high in OBV symbols massive institutional activities and could be interpreted that there is a lot of big money in the stock. On the other side new lows symbol the complete opposite. As you can see in the chart above the idea is to figure out new extreme points and use them as an investment chance.
In my opinion, we currently see a big uncertainty from institutions about the plans AT&T is planning to go. Or more likely because of the uncertainty the big money went out of the stock to observe the ongoing events and the next steps of the company from the side lane.
This brings me to think about against the main stream and feels a lot like over fearing. For me a good signal to get in, because as soon as the smart money comes back, the stock price is likely already jump by 10% or more.
3. CMV weekly
The Chaikin-Money-Flow stands for buying pressure when positive and for selling pressure when negative. As you find in the Chart, very often a new low of the CMV leads to a massive return reaction in the chart price. Therefore I am thinking again with this new all time low, the technical pressure to the upside is already in the making and could lead to a new buying period over the next couple of month.
What do you think about my interpretation on AT&T? Is it a buy, a hold or still a stock to short? I am already excited about your additional indicators that had work for you and what this indicators may tell about the next move of the AT&T stock.
Please also feel free to comment critic on my interpretation, but it would be great, when you also add some value how to do better in future.
Again thank you very much for your time and if this was value for you, you are always welcome to donate. That helps me to stay motivated in sharing my analysis.
Best wishes and maximum profit for all of you.
Daniel from EcoFinLife
>>> When all passengers in a boat are leaning to much over port it's time to go to starboard. Earlier than later the others will follow. <<<
ATT AT&T: Upside Potential BeginningQuick Analysis on AT&T Inc (ATT) on a 5D Linear Chart.
1) The AT&T stock price is back to the 2008-2010 lows.
2) The RSI (relative strength index) has been hovering in the oversold region and met the bottom trendline.
3) In the chart, a fractal from the previous price increase is shown assuming price moves in the same direction.
4) A Trend Based Fibonacci Extension is also shown to give the reader areas to focus on.
5) The Volume is healthy.
6) The price has suffered over the past 10 years and now there may be a chance for it to go back up. Let's see!
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
AT&T Communications/Metaverse Play?AT&T did a double bottom with equal buying and selling here on the Daily. The double bottom happened only over a few days, however there's Four Green Candles "Marching Up" a fifth one would have been nice, but four is pretty strong. What do you think is AT&T going to gain 5G Market Share? I recently saw a comparison to T-Mobile, but can't help think which other brands will gain in this sector. The Metaverse is going to need 5G as more games roll out onto phones, which platform do you all think be the biggest? Also AT&T just bought it's own Advertising Brand, so again it's going to be collecting tons & tons of data. After taking a beating politically & economically this might be a buy, no bags but looking. Not advice, please DYOR & view AT&T & it's subsidiaries prospectus.
AVCT American Virtual Cloud Price Target !!!AVCtechnologies existing enterprise customers including IBM, AT&T, and Etisalat!
AVCtechnologies delivers a full suite of cloud-based Unified Communications as a Service (UCaaS) capabilities to its cloud customers through its carrier-grade Kandy Business Solutions including Cloud PBX, Smart Office UC Clients, Collaboration, Contact Center, and SIP Trunks.
Loop Capital Initiated Coverage on American Virtual Cloud Technologies, Inc. (AVCT) with a Buy rating and a price target of $17.00 !!!
52 Week Range 0.8400 - 9.6200
The price is now $1.46
Market Cap 99.221Mil
ATT AT&T: Is It Finally Time To Go Up?Hello friends, today I am completing a technical analysis on the 1M linear scale chart for AT&T Inc. ( ATT ), traded on the NYSE.
#CryptoPickk notes the following:
1) AT&T price has been falling year over year since the all time high at around $60 in 1999.
2) The price has been moving inside of a triangle pattern with a lower trendline which has supported the price since 1994. The price is currently testing this trendline.
3) The RSI (relative strength index) is about to reach the oversold area on the monthly scale. This is the second time it has done so in its entire history.
4) The Volume has picked up significantly compared to the prior years.
5) If the price has a monthly close above the bottom trendline and stays above it, there may be a good chance the price will start moving upwards.
6) Most recently AT&T price fell fast due to growth and dividend issues. Management is working to address these issues.
7) Lastly, the Fibonacci Retracement levels are noted in case the price keeps falling.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Post 10/21Q3 FY21' Earnings Analysis$AAL, $LUV, $BCS, $BX, $CMG, $INTC, $SAP, $SNAP, $T, $VLO
$AAL - American Airlines - posted better-than-expected revenue numbers, although down (25%) from Q3 of 2019 - shares were up +1.3% at the ended of the day, with this being their smallest quarterly loss since the pandemic
$BX - Blackstone - earnings nearly doubled YoY - reported an ATH of distributable earnings, success that’s largely driven by their focus on investing in high-growth areas of the economy
$T - AT&T - fell slightly after posting big subscriber gains -investors questioning the impact of promotions on the company’s future growth
$CMG - Chipotle Mexican Grill - reported better-than-expected EPS and revenue numbers - including a sales jump of 22% citing higher menu prices as a reason for the offset of rising costs
$SNAP - Snapchat - Snap fell (22%) after Q3 revenue missed estimates - thanks to its advertising business being disrupted by Apple privacy changes introduced earlier this year
ATT - Value PlayATT another boring and very slow moving stock. Forward PE ratio just under 10. You could argue this is anti inflation, anti recession, value rotation type of play. And it offers a dividend. This should be added for a long term hold to the part of your portfolio that you do not trade. Pairing it with BABA, GILD, PFE, WBA, VTRS, AHT, BKD, VEON and so on is a great way to build out a core portfolio without having a huge downside risk. Longterm these value stocks will outperform imo. To make it juicier, selling puts against them should generate more income.
A few other reasons to get excited about it:
- Insiders are buying at these levels. In May CEO, CFO and one of the directors bought a combined of 150,000 shares ~ $4,350,000.
- 200 million customers
- 5G play
- Recently awarded contract upgrade the data network at the Veteran Affairs worth $735 million
Not financial advice.
T AT&T I wasnt interested in, until it did this...I wanted to put a chart that you could track this with to go with the video.. SO here it is.
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.07.2021
T AT&T I wasn't interested in...until it did this!I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.07.2021
huge insider buys in T with trading planCEO John Stankey and CFO Pascal Desroches bought into AT&T with their new focus on 5G only in hopes of being valued more like a CHTR or TMUS. The insider buys totaled 4.5 million dollars between the two.
CHTR and TMUS have far outperformed T, and pretty much every other stock for that matter over the past year. With the dividend being cut and the massive burden of trying to be a second-tier player in the streaming space, which has been getting more and more crowded and difficult to operate in, should allow them to hyper focus on the growth areas of their business.
This is a huge vote of confidence; granted they were buying into weakness, they still are putting their money where their mouths are and are dead-set on wiping the dust off this old dividend play stock which was more like a bond/fixed income than anything else.
*Personal trading plan* Buy stock and long naked calls expiring October 15th at the $30 strike price to give it plenty of time to come to fruition and begin trading closer to its new peers.
DISCA Discovering it has a future and ready for MEDIA WARS 2021Discovery in its merger with Warner Brothers, ATT, and a bunch of other media giants at war for who will control Streaming in the future! This is like watching Pirahana Eat Each other while Small groups of fish, mammals, and other non aggressive beings are torn to pieces as the feeding frenzy and blood lust begins!
Either way this is a strong place to get in on this chart. Identifying the bottom several different ways.
With the skys the limit. There really is nothing stopping it ceiling wise for almost $30 Lets go Chum the waters for more cannibalistic fun!
by iCantw84it
05.26.2021
I know I know I didnt put the S in DISCA. SMH
Discovery & AT&T - Mega Media Merger - Streaming Wars Rising RSI and the recent MASSIVE SELLOFF to a NEW SUPPORT looks C/W. HBO fans rejoice. #watchthis