Show

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AMT stock showed a breakdown in the last trading session.</a> </li> 
 <li> <span>2</span> <a>AMT stock slips below the 20-day EMA, signaling short buildup activity.</a> </li> 
</ul> 
<p>American Tower Corporation stock (NYSE: AMT) price slipped below the channel’s lower trendline and showed profit booking in the last session. Moreover, the AMT stock dragged below the 20-day EMA bringing negative sentiment and signalling further fall in the following sessions. However, the stock is trading near the demand zone of $180, making it challenging for the sellers.&nbsp;</p> 
<p>In the last session, AMT stock dragged below the 20-day EMA and retested the neckline of the descending triangle pattern, which was recently broken. Moreover, the stock holds the selling pressure and finds support near it. Furthermore, the sectoral selling pressure led to the breakdown in the overnight sessions, and panic selling was noted on the charts.</p> 
<p>From the start of 2023, AMT stock was in a corrective phase and continued to fall from the top. Moreover, it gave up over 22% of gains in the past two months.</p> 
<p>American Tower Corp. provides real estate investment services, and owns, operates, and develops multi-tenant real estate properties. It offers leasing of space 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> 
<p>At press time, AMT stock was traded at $186.26 with an intraday drop of 3.97% showing panic selling in the overnight session. Furthermore, the trading volume increased by 13% to 4.36 Million, indicating seller attachment in the last session. The market cap of AMT <a href="https://www.thecoinrepublic.com/2023/07/18/blue-stock-rose-2-64-intraday-way-towards-profitability/" target="_blank" rel="noopener noreferrer nofollow">stock</a> is $90.398 Billion.</p> 
<h2 class="wp-block-heading" id="strong-daily-charts-show-amt-stock-volatility-strong"><strong>Daily Charts Show AMT Stock Volatility</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148-1024x463.png" alt="" class="wp-image-152676" width="1196" height="541" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148-1024x463.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148-1536x695.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148-750x339.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148-1140x516.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-148.png 1600w" sizes="(max-width: 1196px) 100vw, 1196px"> 
  <figcaption class="wp-element-caption">
    Source: AMT Stock Price Chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, AMT share showed seller dominance and stayed below neutrality on the charts. Moreover, the bearish crossover noted in the last session indicates strong stock selling, a weak chart structure, and a negative outlook.</p> 
<p>Furthermore, the stock was in a downtrend and struggled to gain traction, but is still below the key moving averages. The buyers are trapped and unable to find ways to attain strength.</p> 
<p>As per the Fib levels, AMT share slipped below 23.6% amid panic selling, landing buyers in trouble. However, the price is on the verge of the lower bollinger band and holds it.</p> 
<p>The RSI curve sharply falls below the neutrality, heading into the oversold region showing profit booking in the last sessions. Furthermore, it indicates a negative outlook for the upcoming sessions.</p> 
<p>The MACD indicator also initiates a bearish crossover and indicates seller dominance on the charts.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>American Tower Corporation (AMT stock) price stayed below neutrality and underwent selling from the past sessions indicating a weak chart structure and seller dominance.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels:</strong></h5> 
<p>Support Levels: $178 and $165</p> 
<p>Resistance Levels:$190 and $200</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Will AMT Stock Price Regain Near the Trendline Support of $180

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