ATT Inc. (T) moved higher in recent intraday trading, supported by positive signals emerging from momentum indicators as the stock attempts to recover part of its previous losses. Despite this rebound, the primary short-term bearish trend remains in control, with price action continuing to track a steep descending trendline that supports the current downtrend. Negative pressure also persists as the stock continues to trade below its 50-day Simple Moving Average (SMA), limiting the prospects for a sustained recovery in the near term.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $23.60 remains intact. Under this scenario, the stock is expected to target support at $22.00.

Today's price forecast: Bearish.