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Advanced TA SearchArchive
- 5/17/2024 -
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Crown Castle Intl Corp (CCI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 4 consecutive negative weeks for the Crown Castle Intl Corp (CCI). During the week, the CCI gained 3.38 points, or 3.40%, and closed at 102.89 on Friday, May 17, 2024. Weekly volume was -19% below average.
 Long-term trend: [See CCI long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 209.87 and reached 84.72 on October 23, 2023. CCI lost 125.15 points, or 59.63%, in 94 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (101.31). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See CCI medium-term trend chart]
A medium-term downtrend had started on December 5, 2023 at 119.50 and reached 92.48 on April 18, 2024. CCI lost 27.02 points, or 22.61%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 87.38 and resistance is at 110.70. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CCI weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See CCI short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 92.48 and reached 104.59 on May 16, 2024. CCI gained -12.11 points, or -13.09%, in 28 days. The price is now at the 14.04% retracement level.
 Daily Technical Indicators: [See CCI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up.
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