{"id":48356,"date":"2026-03-29T11:35:07","date_gmt":"2026-03-29T11:35:07","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/29\/att-stock-price-hits-make-or-break-point-as-a-risky-pattern-forms-2\/"},"modified":"2026-03-29T11:35:07","modified_gmt":"2026-03-29T11:35:07","slug":"att-stock-price-hits-make-or-break-point-as-a-risky-pattern-forms-2","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/29\/att-stock-price-hits-make-or-break-point-as-a-risky-pattern-forms-2\/","title":{"rendered":"AT&T stock price hits make-or-break point as a risky pattern forms"},"content":{"rendered":"
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The AT&T stock price has jumped this year and is now nearing the all-time high, continuing the uptrend that has been going on since 2023. <\/p>\n

It jumped to a record high of $29.45 this week, up by 150% from its lowest point in 2023. <\/p>\n

It has formed a risky chart pattern, which bulls need to overcome.<\/p>\n

AT&T stock price has formed a risky chart pattern <\/h2>\n

The weekly timeframe chart shows that the AT&T share price has done well in the past few weeks and is now hovering at a crucial resistance level.<\/p>\n

A closer look shows that the stock has formed a double-top pattern whose neckline is at $22.95, its lowest level in January this year. <\/p>\n

A double-top is one of the most common bearish reversal signs in technical analysis.<\/p>\n

On the positive side, the stock remains above all moving averages, a sign that bulls remain in control for now. It has also formed a hammer candle, which is made up of a body and a long lower shadow.<\/p>\n

The Relative Strength Index (RSI) and the MACD indicators have continued rising in the past few months, a sign that the uptrend is gaining momentum.<\/p>\n

Therefore, the stock\u2019s outlook is neutral for now, with the double-top pattern sending a bearish outlook. <\/p>\n

On the other hand, a rebound above the double-top point at $29.45 will invalidate the bearish outlook and point to more gains, potentially to the next key resistance level at $35.<\/p>\n

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AT&T stock price chart | Source: TradingView <\/em><\/p>\n

AT&T\u2019s business is thriving <\/h2>\n

The most recent results showed that AT&T\u2019s business is doing well, helped by the converged fiber and 5G business.<\/p>\n

These numbers showed that its postpaid subscribers jumped by 1.5 million last year to 74.2 million. <\/p>\n

Fiber additions jumped by 1 million to 10.4 million, while the number of fiber consumer and business locations rose to over 3 million.<\/p>\n

AT&T made over $33.5 billion in the fourth quarter, with its operating income rising to $5.8 billion. Its free cash flow rose to $4.2 billion from $4.0 billion a year earlier.<\/p>\n

The management expects that the growth will continue in the coming years. The service revenue is expected to grow in the low single digits through 2028. <\/p>\n

Data compiled by Yahoo Finance<\/a> shows that the average revenue estimate among analysts is that its annual revenue will be $128 billion this year followed by $131 billion next year.<\/p>\n

AT&T has other bullish catalysts, including the fact that it is largely immune to the ongoing Iran war as its business will not be affected. <\/p>\n

The management also plans to continue cutting costs<\/a> and returning cash to investors. Its free cash flow is expected to jump from $18 billion this year to $21 billion in 2028. <\/p>\n

A substantial amount of these funds will go towards dividends. It paid $8.2 billion in dividends last year, giving it a yield of 3.85%.<\/p>\n

There are signs that AT&T stock has become a bargain, with the forward price-to-earnings ratio of 12.52, lower than the sector median of 13.<\/p>\n

The post AT&T stock price hits make-or-break point as a risky pattern forms<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The AT&T stock price has jumped this year and is now nearing the all-time high, continuing the uptrend that has been going on since 2023. It jumped to a record high of $29.45 this week, up by 150% from its lowest point in 2023. It has formed a risky chart pattern, which bulls need to <\/p>\n","protected":false},"author":1,"featured_media":48357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-48356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48356"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48357"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}