ATT Inc (T) stock held steady at a low level in its latest intraday trading, after previously breaking a short-term ascending trendline. Negative pressure persists as the stock continues to trade below its 50-day SMA. Additionally, bearish signals are emerging from the Relative Strength Index, despite it remaining in extremely oversold territory.
Therefore we expect the stock to decline in upcoming sessions, as long as it remains below $27.80, targeting the support level at $26.00.
Todays price forecast: Bearish.