Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>T stock price is currently trading at $14.78&nbsp; with a gain of 0.75% in the last 24 hours with AT&amp;T having a current market cap of $105.662 Billion.</a></li>
 <li><span>2</span> <a>T stock price decreased by 0.14% over the past seven days.</a></li>
</ul>
<p>T stock price has been on a downtrend throughout the year, as it faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and the stock lost momentum. The stock broke below the key moving averages, which indicates further weakness.</p>
<p>The stock has created a bearish pattern and erased the gains it made in the previous year. T stock has returned to its previous breakout levels, which could act as a support. The technical analysis suggests that the stock is oversold and could bounce back from the lower levels. However, the stock needs to show some signs of strength and reversal before confirming a pullback rally.</p>
<p>T stock price is in a correction phase but trading near the crucial support of $14. Buyers are active right now and will try their best to rebound. AT&amp;T&nbsp; stock price closed the previous session at $14.78 with an intraday rise of 0.75%. If the buyers succeed in defending the current support then the possibility of a bounce back will increase. However, if the sell-off continues and T stock drops below lower levels more downfall is likely.</p>
<p>Buyers tried multiple times to break the higher range and expand upward. However, due to the strong presence of sellers, prices faced rejection. It shows sellers are still active on higher levels.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-t-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of T Stock Price in 1-D Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/PHq2EYe88d4vjHf1JxIKC6DrZZ6HTq6JsLntnXizhvMCWTzakN4EjelJbJOJXBAEEbG-VzJjcqmnQJ4kspNUHtja7lhlI8r4_C8qGrW_Tqy5I-AUZjqwy9NuPmAF6bqoKYcMLjdElr8tRgGrvqE0y7k" alt="AT&amp;T stock: Will T Stock Price Break the Level of 200 EMA?">
  <figcaption class="wp-element-caption">
   Source: T.1D.NYSE by <a href="https://www.tradingview.com/x/dxhP3w57/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>T price is trading below the downward-sloping 50-day and 200-day EMAs showcasing a downtrend. However, the T price has gone far away from the 200 EMA.&nbsp;</p>
<p>The MACD generated a negative crossover and the histogram is also red indicating bearishness.&nbsp;</p>
<p>The current value of RSI is 48.88 points. The 14 SMA is above the median line at 57.88 points which indicates that the T <a href="https://www.thecoinrepublic.com/2023/09/13/t-stock-price-is-att-stock-price-forming-a-base-near-14/" rel="noopener noreferrer nofollow">stock</a> price is bearish.</p>
<h3 class="wp-block-heading" id="strong-weekly-time-horizon-analysis-strong"><strong>Weekly-Time Horizon Analysis</strong></h3>
<p>T stock has shown sellers’ strength on the weekly charts.&nbsp; Moreover, the price is below the key EMAs, which shows further weakness in the stock. The RSI curve is near the oversold region at 38, and a negative outlook was noted, indicating bearishness in the stock. The MACD also persisted to form red bars, and a bearish crossover was noted, which signals corrective moves.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>T stock technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the AT&amp;T&nbsp; stock price. T price action suggests that the investors and traders are bearish on the 1-D time frame.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $13.91 and $13.41</li>
 <li><strong>Resistance Levels: </strong>$15.71 and $16.37</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

AT&T stock: Will T Stock Price Break the Level of 200 EMA?

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