Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AMT stock price shows the breakdown of the falling wedge pattern on the charts.</a> </li> 
 <li> <span>2</span> <a>Buyers lost the gains as the price slipped below the $165.</a> </li> 
</ul> 
<p>American Tower Corporation (NYSE: AMT) AMT stock price is below the trendline of $165, showing bearishness in the past sessions. However, AMT stock is still above the neutrality zone and the round mark of $150, which shows that AMT stock still can fulfill the buyers’ interest and may attain momentum soon. Moreover, the price action shows that AMT stock chart shows the lower lows pattern.</p> 
<p>American Tower Corp. (AMT stock) price is below the significant moving averages and shows mild negative cues due to the unwinding of the long positions. As per the options chain, AMT stock witnessed incisiveness between the bulls and bears; at the strike price of $165, massive call writing of 7.77 hundred thousand shares was there, whereas at the strike price of $160, decent put writing of 80K shares was noted. This chain delivers the selling pressure, and AMT stock will continue to face further headwinds and retest the swing of $150 in the following sessions.</p> 
<p>At press time, AMT stock price was trading at $162.32 with an intraday gain of 1.65%, showing a neutral chart structure. Trading volume increased by 0.55% to 2.994 Million, while the market cap is $74.44 Billion. However, analysts maintained a buy rating with a yearly target price of $225.93, suggesting a strong growth outlook for the following sessions.</p> 
<p>American Tower Corp. provides real estate investment services and owns, operates, and develops multi-tenant real estate properties. It offers space leasing on communications sites to wireless service providers radio and television broadcast companies. It operates through the following segments: U.S. and Canada, Asia-Pacific, Africa, Europe, Latin America, and Data Centers. The company was founded in 1995 and is headquartered in Boston, MA.</p> 
<h2 class="wp-block-heading" id="strong-amt-stock-price-action-on-daily-charts-strong"><strong>AMT Stock Price Action on Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/zpA2-wdGMr07NoA2-GkniJoTGZw06DXnD3nTL0hicZNMVi_d0_218nEFTRCbSZCoIrbDnYxmoF-9faxB-l1Z5vBDKBfNJqyjLAYv6cCave1QK3dJFDZYpbd7WhpMchilcUsd-2lB_48Vjwb5pNrnOik" alt="AMT Stock Price Prediction: Will AMT Retest Trendline of $165?"> 
  <figcaption class="wp-element-caption">
    Source: AMT Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, AMT stock price is below the trendline of $165, showing a breakdown of the falling wedge pattern in the past sessions. Moreover, the chart suggests that AMT stock might lose the gains and slip toward the lower trajectory of $140. However,<a href="https://www.thecoinrepublic.com/2023/09/07/amt-stock-price-near-demand-zone-is-amt-an-ideal-pick-now/" rel="noopener noreferrer nofollow"> AMT share price</a> is close to the 38.2% Fib zone, an ideal support zone.</p> 
<p>The RSI curve is below the oversold region and showed a bearish divergence, forming a negative crossover on the charts.</p> 
<p>The MACD indicator shows a bearish crossover and red bars on the histogram, suggesting a negative outlook for the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p>AMT stock price trades below the key moving averages and delivers selling pressure for the past sessions. Analysts have recently downgraded the stock, exacerbating the negative setntiments on the chart.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $150 and $135</p> 
<p>Resistance Levels: $170 and $180</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

AMT Stock Price Prediction: Will AMT Retest Trendline of $165?

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