NYSE:AMT is sitting at a level of significant support indicated by the white box. The $170 to $180 zone has been a zone of significant support in Feb 2019, March 2020, Oct 2022, and Oct 2023 (see circles). All touches of this area in the past have resulted in major bounces and marked major lows. Indeed, over $1.5M worth of 05/17/24 calls were purchased ABOVE ...
NYSE:AMT is testing the 0.786 level from the last swing high. Failure to hold makes it more likely that we continue lower. The pattern is very similar to Justin Mamis sentiment cycle.
If the current level fails to hold, a scenario completing this cycle would likely align to the concentration of volume between 136-145, and to the 1.272-1.414 fib retrace. If...
Conservative Trend Trade 11
+ long impulse
+ SOS level
+ 1/2 correction
+ biggest volume Sp
Calculated affordable stop loss
1 to 2 R/R taket profit
Monthly Context
+ long balance
+ biggest volume expanding ICE
+ 2Sp- (previous bar touched ICE)
+ test
I'll see how market goes and can take potentially 1/3 at 1 to 2 R/R
1/3 at Daily resistance
1/3 at Monthly 1/2 of range
The last earnings report on September 30 showed earnings per share of $1.26, beating the estimate of $1.13. AMT's P/B Ratio (19.531) is slightly higher than the industry average of (2.290). P/E Ratio (126.620) is within average values for comparable stocks, (58.760). Projected Growth (PEG Ratio) (2.616) is also within normal values, averaging (7.055). Dividend...
A price action above 188.00 supports a bullish price action.
Crossing below this level will negate the bullish stance.
Increase long exposure for a break above 194.00.
The target price is set at 200.00.
The stop-loss price is set at 184.00.
Testing its 200-day simple moving average, which might act as major support.
Bullsh divergence is also notable (see the lower panel).
American Tower ended 2023 by rallying from its lowest level in almost five years. Now, after a pullback, some dip buyers may see opportunity.
The first pattern on today’s chart is the price area between about $200 and 204. It marked the highs for AMT between May and July. The wireless tower company paused there late November before continuing toward $220. If this...
American Tower Corp (AMT) presently exhibiting bullish momentum, however it is approaching notable resistance.
This resistance level is able to absorb monthly buying pressures and from here (AMT) can fall back to near-term support.
A weekly settlement above this resistance level would lead to another buy signal where gains of 15% would be expected over the...
The PEAD projected a bullish outlook for NYSE:AMT after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 61.54%.
The PEAD projected a bullish outlook for NYSE:AMT after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
A price action above 202.00 supports a bullish trend direction.
Increase long exposure for a break above 215.00.
The upside target is set at 240.00.
Stop-loss at 195.00. Negtat the trade foir a break below this level.
The MACD gave a bullish crossover recently, supporting a change in trend direction.
Furthermore, the price action is at the lower range of the...
The PEAD projected a bullish outlook for $AMT after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 58.33%.
AMT has respected a longterm trendline since 2016. In September 2022, it broke that longterm trendline. Currently it is rising up for a re-test of the trendline from the opposite side. Upon rejection of that trendline, and if it rejects, AMT is set up for a big drop
The PEAD projected a Bullish outlook for $AMT after a Positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 73.43%.
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations...
