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Advanced TA SearchArchive
- 5/3/2024 -
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Charter Communications (CHTR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Charter Communications (CHTR). During the week, the CHTR gained 11.32 points, or 4.45%, and closed at 265.93 on Friday, May 3, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -8% below average.
CHTR is a member of Cable & Satellite Industry. Cable & Satellite is the eighth most oversold industry. 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 October 16, 2023 at 458.30 and reached 236.08 on April 26, 2024. CHTR lost 222.22 points, or 48.49%, in 27 weeks. The price is now at the 13.43% retracement level.
 Medium-term trend: [See CHTR medium-term trend chart]
A medium-term downtrend had started on March 18, 2024 at 301.81 and reached 236.08 on April 26, 2024. CHTR lost 65.73 points, or 21.78%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (224.13) 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 medium-term trend.
 Weekly Technical Indicators: [See CHTR weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 27, 2023. This is an indication that the medium-term trend is down. 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 April 23, 2024 at 271.50 and reached 236.08 on April 26, 2024. CHTR lost 35.42 points, or 13.05%, in 3 days. The price is now at the 84.27% retracement level.
 Daily Technical Indicators: [See CHTR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 19, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
During the last week, the price has moved above 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.
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