AT&T’s (T) stock showcased an upswing during intraday trading, bolstered by its reliance on the support provided by the 50-day Simple Moving Average (SMA). Simultaneously, it found support from the short-term upward correctional trendline. Notably, the Relative Strength Index (RSI) indicated oversold conditions relative to the stock’s recent movements, implying a positive divergence.
In light of these developments, market analysts anticipate a bullish trend for the stock, with a focus on a key resistance level at $15.73. However, this outlook is contingent on the stock’s ability to maintain its support at $14.32.
Projected Market Trend for Today: Bullish