Technical Analysis
AT&T's stock shows a consolidation pattern around $22.60 level. The RSI at 54.87 indicates neutral momentum, neither overbought nor oversold . The stock is trading above its 200-day moving average of $19.96, suggesting a long-term uptrend.
News Impact
AT&T is scheduled to report Q4 earnings on Monday (January 27, 2025). The consensus estimate expects EPS of $0.48, representing an 11.11% decline year-over-year. The market sentiment appears cautiously optimistic ahead of earnings.
Market Environment
The broader market shows some uncertainty due to recent geopolitical tensions between the US and Colombia affecting futures trading. However, telecom sector fundamentals remain stable with focus on upcoming Fed meeting this week.
Price Projection for Next Week
Based on technical indicators and upcoming earnings:
Key support levels are at $21.56 and $21.23, while resistance levels are at $22.64 and $22.97 based on Fibonacci levels.
Trading Recommendation
SELL with target price $21.56
Rationale:
Stop loss should be placed at $23.00 to limit potential losses if the stock breaks above resistance.
The price of T is predicted to go up 16.83%, based on the high correlation periods with EONR. The similarity of these two price pattern on the periods is 96.27%.
T
EONR
Year
T Price Forecast($)
Potential Return(%)
2025
24.500
12.960
2026
25.000
15.260
2027
26.000
19.870
2028
28.000
29.090
2029
28.000
29.090
2030
30.000
38.310
Following a period of investment, AT&T will hold a nationwide 5G wireless network with deep spectrum behind it and a fiber network capable of reaching nearly one fourth of the US.
AT&T has the scale to remain a strong wireless competitor over the long term. With three dominant carriers, industry pricing should be more rational going forward.
Combining wireless and fixed-line networks with new technologies and deep expertise makes AT&T a force in enterprise services.
Argus Research
Price Target
$27
Upside
+22.62%
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Price Target
$26 → $28
Upside
+19%
Oppenheimer
Price Target
$24 → $27
Upside
+14.75%