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Asset Summary

Weekly Performance Report for AMT ETF: Week 47, 2024

Summary: The Weekly started with AMT ETF opening at $194.65 and closing at $200.88. The ETF showed resilience throughout the Weekly, with the highest price observed at $201.77 and the lowest at $194.13. The underlying asset had a trading range of $7.64 Overall, it was a positive trading Weekly for AMT ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $6.23 or 3.20% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for AMT ETF was 7,132,999 units during Week 47, indicating active market participation and investor interest.

Opening Price: The Weekly started at $194.65.

Highest Price: The highest price observed during the Weekly was $201.77.

Lowest Price: The lowest price observed during the Weekly was $194.13.

Closing Price: The Weekly ended at $200.88.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Historically, AMT has delivered solid performance and growth, benefiting from the ongoing expansion of wireless communication and the increasing reliance on mobile technology.

AMT generates revenue primarily through leasing tower space to mobile network operators and other communication service providers, as well as through other related services.

AMT has shown strong growth compared to its competitors in the telecommunications infrastructure sector, driven by increasing demand for mobile connectivity and 5G deployment.

Yes, AMT can be held in retirement accounts like IRAs or 401(k)s, allowing investors to gain exposure to the telecommunications infrastructure sector in a tax-advantaged way.

AMT supports the telecommunications industry by providing essential infrastructure that enables mobile operators to deploy their services effectively and efficiently.

American Tower is headquartered in Boston, Massachusetts, USA.

American Tower has a history of paying dividends and aims to provide consistent dividend growth. However, dividend policies can change, so it is important to check the latest updates from the company.

Risks include market volatility, regulatory changes, competition in the telecommunications sector, and potential disruptions in technology that could affect demand for tower space.

American Tower provides services related to wireless communication, including leasing space on towers, providing infrastructure solutions, and offering services for various telecommunications companies.

AMT is responsible for maintaining its tower infrastructure to ensure reliability and safety for its tenants, often coordinating with service providers for repairs and upgrades.

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Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

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