The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 6/6/2025 -
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Charter Communications (CHTR) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Broken trend resistance lineA Parabolic SAR indicator is below and near the priceThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the Charter Communications (CHTR). During the week, the CHTR climbed 0.18 points, or 0.05%, and closed at 396.45 on Friday, June 6, 2025. Weekly volume was -12% below average.

CHTR is a member of Communication Services Sector. Communication Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CHTR long-term trend chart]
A long-term downtrend had started on September 2, 2021 at 825.62 and reached 236.08 on April 26, 2024. CHTR lost 589.54 points, or 71.41%, in 138 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (191.61) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CHTR medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 312.40 and reached 437.06 on May 16, 2025. CHTR gained -124.66 points, or -39.90%, in 5 weeks. The price is now at the 32.58% retracement level.

Weekly Technical Indicators: [See CHTR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 2, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CHTR short-term trend chart]
A short-term downtrend had started on May 16, 2025 at 437.06 and reached 382.17 on June 3, 2025. CHTR lost 54.89 points, or 12.56%, in 18 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (372.18) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See CHTR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 22, 2025. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (399.85) comes close to the price (396.45). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.79
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 27.49
Greed/Fear Indicator (GFI) 25.82
Moving Average Converg./Diverg. (MACD) 6.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.45
Williams' Percentage Range (W%R) 33.80
Lane's Stochastic (%D-Slow) 82.63
Overbought
Greed/Fear Indicator (GFI) 68.16
Moving Average Converg./Diverg. (MACD) 8.54
Trading Signals
Description Value Chart
Upper Bollinger Band 419.95
Weekly Stochastic Crossing 412.82
20 Day Moving Average 406.13
Parabolic System 399.85
Price 396.45
Daily Stochastic Crossing 391.03
50 Day Moving Average 379.07
Lower Bollinger Band 375.11
Weekly Trendline Support 372.18
Weekly Trendline Resistance 369.37
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Cable & Satellite 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 382.17
Low Date 06/03/2025
High 399.45
High Date 06/06/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 369.37
Support 372.18
High 437.06
High Date 05/16/2025
Low 382.17
Low Date 06/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 312.40
Low Date 04/09/2025
High 437.06
High Date 05/16/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 236.08
Low Date 04/26/2024
High 437.06
High Date 05/16/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 174.52
Support 191.61
High 825.62
High Date 09/02/2021
Low 236.08
Low Date 04/26/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.