Mixed Technical Signals and Analyst Expectations Ahead of Fourth-Quarter Earnings Report

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Mixed Technical Signals and Analyst Expectations Ahead of Fourth-Quarter Earnings Report

A Mixed Technical Picture

AT&T Inc. (T) is set to report its fourth-quarter earnings on Monday, with Wall Street anticipating earnings per share (EPS) of 50 cents and revenue of $32.04 billion. The company will report before market hours.

Looking at the charts, AT&T stock exhibits a strong bullish trend, with its share price exceeding the 5-day, 20-day, and 50-day exponential moving averages. This indicates slight buying pressure.

In the short term, AT&T's price at $22.70 surpasses its 8-day and 20-day simple moving averages, reinforcing a bullish outlook. However, it remains below the 50-day SMA, presenting a short-term bearish signal.

On a broader scale, AT&T continues to show strength, with its 200-day SMA confirming long-term upward momentum. However, the MACD indicator suggests some caution, while the RSI indicates neutral momentum.

The mixed technical signals suggest potential for continued gains but highlight the importance of monitoring short-term resistance levels. Long-term investors may find the current trend supportive, while short-term traders should watch for confirmation of a breakout above the 50-day moving average.

Analyst consensus rates AT&T stock as a Buy, with a price target of $23.52. Recent analyst ratings suggest a 21.96% upside potential, with an average price target of $27.67.

At the time of publication, AT&T stock was trading at $22.68.