Technical Analysis for AMT - American Tower Corporation (REIT)

Grade Last Price % Change Price Change
D 195.63 1.88% 3.61
AMT closed up 2.71 percent on Wednesday, May 15, 2024, on 1.13 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 22
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 1.88%
Above Upper BB Strength 1.88%
Gapped Up Strength 1.88%
Overbought Stochastic Strength 1.88%
Up 3 Days in a Row Strength 1.88%
Crossed Above 200 DMA Bullish 4.64%
Crossed Above 50 DMA Bullish 4.64%
MACD Bullish Centerline Cross Bullish 4.64%
NR7 Range Contraction 4.64%
Gapped Up Strength 4.64%

   Recent Intraday Alerts

Alert Time
Up 2% about 2 hours ago
60 Minute Opening Range Breakout about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
Up 1% about 3 hours ago
1.5x Volume Pace about 3 hours ago

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Profile

American Tower Corporation (REIT) Description

American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. The company's rental and management operations include leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries; managing rooftop and tower sites for property owners; operating in-building and outdoor distributed antenna system (DAS) networks; and managing lease property interests under carrier or other third-party communications sites. It also provides network development services, such as tower-related services comprising site acquisition, zoning and permitting services, and structural analysis services. As of December 31, 2011, the company owned and operated approximately 21,320 towers in the United States and approximately 23,900 towers in Brazil, Chile, Colombia, Ghana, India, Mexico, Peru, and South Africa; approximately 260 DAS networks; and approximately 1,810 communications sites. It has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts.


Classification

Sector: Communication Services
Industry: Telecom Services
Keywords: S&P 500 Real Estate Investment Trust Information And Communications Technology Wireless Networking Communications Infrastructure Analysis Services Wireless Data Wireless Service Providers Distributed Antenna System Pcia The Wireless Infrastructure Association Sba Communications Communications Sites Tower Site

Is AMT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 217.1493
52 Week Low 150.4795
Average Volume 2,499,341
200-Day Moving Average 185.87
50-Day Moving Average 186.23
20-Day Moving Average 178.38
10-Day Moving Average 183.75
Average True Range 4.34
RSI (14) 65.52
ADX 22.98
+DI 33.37
-DI 15.10
Chandelier Exit (Long, 3 ATRs) 181.25
Chandelier Exit (Short, 3 ATRs) 183.47
Upper Bollinger Bands 190.66
Lower Bollinger Band 166.10
Percent B (%b) 1.06
BandWidth 13.77
MACD Line 1.23
MACD Signal Line -0.89
MACD Histogram 2.1228
Fundamentals Value
Market Cap 89.51 Billion
Num Shares 466 Million
EPS 1.50
Price-to-Earnings (P/E) Ratio 128.01
Price-to-Sales 8.19
Price-to-Book 19.99
PEG Ratio 2.68
Dividend 6.31
Dividend Yield 3.29%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 196.68
Resistance 3 (R3) 196.91 195.58 195.90
Resistance 2 (R2) 195.58 194.39 195.47 195.64
Resistance 1 (R1) 193.80 193.66 194.69 193.57 195.38
Pivot Point 192.48 192.48 192.92 192.36 192.48
Support 1 (S1) 190.70 191.29 191.59 190.47 188.66
Support 2 (S2) 189.37 190.56 189.26 188.40
Support 3 (S3) 187.59 189.37 188.14
Support 4 (S4) 187.36