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- 6/7/2024 -
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Crown Castle Intl Corp (CCI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Crown Castle Intl Corp (CCI). During the week, the CCI dropped -1.88 points, or -1.83%, and closed at 100.62 on Friday, June 7, 2024. Weekly volume was -27% 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 (98.75). 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 price is now at the 30.13% retracement level.
 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. 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 chart has formed a Ascending Triangle chart pattern. The trend support level is at 97.56 and resistance is at 104.27. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a short-term trend.
Daily Technical Indicators: [See CCI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 30, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The price is close to the moving average in the center of the Bollinger Bands. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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