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Century Telephone (CTL) |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Century Telephone (CTL). During the week, the CTL dropped -0.48 points, or -3.21%, and closed at 14.49 on Friday, November 29, 2019. Weekly volume was -32% below average.
 Long-term trend: [See CTL long-term trend chart]
A long-term downtrend had started on August 9, 2012 at 43.43 and reached 9.64 on May 23, 2019. CTL lost 33.79 points, or 77.80%, in 354 weeks. The price is now at the 14.35% retracement level.
 Medium-term trend: [See CTL medium-term trend chart]
A medium-term uptrend had started on May 23, 2019 at 9.64 and reached 15.29 on November 18, 2019. CTL gained -5.65 points, or -58.61%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 11.77 and resistance is at 15.32. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CTL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 7, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See CTL short-term trend chart]
A short-term uptrend had started on August 9, 2019 at 10.29 and reached 15.29 on November 18, 2019. CTL gained -5.00 points, or -48.59%, in 101 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 12.12 and resistance is at 15.58. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See CTL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 21, 2019.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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