AT&T Inc. (NYSE:T) will be reporting its second-quarter earnings on Wednesday. Wall Street expects 57 cents in EPS and $30 billion in revenues as the company reports before market hours.
The stock is up 24.08% over the past year, 7.5% year-to-date.
Let's look at what the charts indicate for AT&T stock, and how the stock currently maps against Wall Street estimates.
AT&T Stock Exhibiting Bearish Trend With Buying Pressure Ahead Of Q2 Earnings
AT&T is currently exhibiting a moderately bearish trend, though there are signs of slight buying pressure.
Chart created using Benzinga Pro
The stock's price of $18.55 is below the 8-day and 20-day simple moving averages (SMA) of $18.85 and $18.81, respectively, which typically indicates a bearish sentiment. However, the 50-day SMA is at $18.16, and with the current share price above this level, there is a technical bullish signal suggesting some upward momentum.
Furthermore, the 200-day SMA sits at $16.94, and with the stock price of $18.55 comfortably above it, this also indicates a bullish outlook.
Chart created using Benzinga Pro
The Moving Average Convergence Divergence (MACD) indicator is at 0.18, another bullish signal, while the Relative Strength Index (RSI) is at 49.23, suggesting the stock is approaching oversold territory and may see a reversal.
Additionally, the Bollinger Bands (25) for AT&T are at $18.00 to $19.37, indicating that the stock is within a favorable buying range.
Overall, while the immediate trend is moderately bearish, several indicators point to potential upside, making AT&T an interesting watch for bullish investors.
Read Also: What's Going On With AT&T Stock?
AT&T Analysts See 13% Upside
Ratings & Consensus Estimates: The consensus analyst rating on AT&T stock stands at a Buy with a price target of $21.98. The latest analyst ratings from Scotiabank, RBC Capital, and Goldman Sachs have set an average price target of $21 for AT&T stock, implying a 13.09% upside.
TPrice Action: AT&T stock closed the trading day Monday at $18.55, down 2.98%.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
AT&T is currently exhibiting a moderately bearish trend, though there are signs of slight buying pressure. 
現在、この株式は弱気のトレンドを示していますが、わずかな買い圧力の兆候があります。
