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Advanced TA SearchArchive - 6/7/2024 - Sign In to see current Signals. |
Charter Communications (CHTR) Technical Analysis
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| Summary:
| | Weekly :![Overbought sector](images\bearish.gif) ![Broken trend support line](images\bearish.gif) ![Broken trend resistance line](images\bullish.gif) | | Daily :![The period of low volatility of the stock price](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the Charter Communications (CHTR). During the week, the CHTR dropped -10.29 points, or -3.58%, and closed at 276.83 on Friday, June 7, 2024. It was the worst weekly loss since April 26, 2024. Weekly volume was -38% below average. CHTR is a member of Communication Services Sector. Communication Services is the most overbought 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 CHTR long-term trend chart] A long-term downtrend had started on October 16, 2023 at 458.30 and reached 236.08 on April 26, 2024. CHTR lost 222.22 points, or 48.49%, in 27 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (202.80) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
Medium-term trend: [See CHTR medium-term trend chart] A medium-term uptrend had started on April 26, 2024 at 236.08 and reached 289.62 on June 3, 2024. CHTR gained -53.54 points, or -22.68%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (281.84) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral. The weekly MACD line is above its signal line since May 17, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 3, 2024 at 289.62 and reached 275.78 on June 7, 2024. CHTR lost 13.84 points, or 4.78%, in 4 days. The price is now at the 7.59% retracement level.
Daily Technical Indicators: [See CHTR daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since April 19, 2024. The distance between MACD and the signal line is low and getting smaller. The distance between the Bollinger Bands is falling, and it was 6.83% on Friday. It is 51.46% lower than one year average. It indicates the period of low volatility of the stock price. 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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