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Advanced TA SearchArchive
- 4/5/2024 -
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Charter Communications (CHTR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Charter Communications (CHTR). During the week, the CHTR dropped -23.14 points, or -7.96%, and closed at 267.49 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was 10% above average.
CHTR is a member of Cable & Satellite Industry. Cable & Satellite is the second 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 264.92 on April 5, 2024. CHTR lost 193.38 points, or 42.20%, in 24 weeks. Price is near the trend low.
 Medium-term trend: [See CHTR medium-term trend chart]
A medium-term downtrend had started on March 18, 2024 at 301.81 and reached 264.92 on April 5, 2024. CHTR lost 36.89 points, or 12.22%, in 2 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (279.47) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 CHTR weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 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 March 27, 2024 at 294.16 and reached 264.92 on April 5, 2024. CHTR lost 29.24 points, or 9.94%, in 9 days. The price is now at the 8.79% retracement level.
 Daily Technical Indicators: [See CHTR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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