Century Telephone (CTL)
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|It was the negative week for the Century Telephone (CTL). During the week, the CTL dropped -0.64 points, or -6.31%, and closed at 9.51 on Friday, June 26, 2020. Weekly volume was -30% below average. |
CTL is a member of Communication Services Sector. Communication Services is the most overbought sector. CTL is a member of Alternative Carriers Industry. Alternative Carriers is the ninth 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 CTL long-term trend chart]
A long-term downtrend had started on February 12, 2020 at 15.30 and reached 8.16 on March 23, 2020. CTL lost 7.14 points, or 46.67%, in 5 weeks. The price is now at the 18.91% retracement level.
Medium-term trend: [See CTL medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 8.16 and reached 11.39 on June 8, 2020. CTL gained -3.23 points, or -39.58%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 8.98 and resistance is at 11.55. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
Weekly Technical Indicators: [See CTL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 5, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See CTL short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 11.39 and reached 9.45 on June 26, 2020. CTL lost 1.94 points, or 17.03%, in 18 days. Price is near the trend low.
Daily Technical Indicators: [See CTL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down.
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.