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Advanced TA SearchArchive - 4/5/2024 - Sign In to see current Signals. |
Crown Castle Intl Corp (CCI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Crown Castle Intl Corp (CCI). During the week, the CCI dropped -5.05 points, or -4.77%, and closed at 100.78 on Friday, April 5, 2024. Weekly volume was -20% below average. CCI is a member of Real Estate Sector. Real Estate is the second most oversold 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 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 trend support level is at 59.67 and resistance is at 106.81. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend. Medium-term trend: [See CCI medium-term trend chart] A medium-term uptrend had started on October 23, 2023 at 84.72 and reached 119.50 on December 5, 2023. CCI gained -34.78 points, or -41.05%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (112.13) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CCI may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend. Weekly Technical Indicators: [See CCI weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since March 22, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help. Short-term trend: [See CCI short-term trend chart] A short-term downtrend had started on March 5, 2024 at 114.75 and reached 100.16 on April 5, 2024. CCI lost 14.59 points, or 12.71%, in 31 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 97.61 and resistance is at 101.87. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend. Daily Technical Indicators: [See CCI daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The daily MACD line is below its signal line since March 13, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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