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Cable & Satellite Industry Stocks Technical Analysis - CHTRArchive
- 11/22/2024 -
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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 gave back -1.30 points, or -0.33%, and closed at 388.30 on Friday, November 22, 2024. Weekly volume was -30% 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 September 2, 2021 at 825.62 and reached 236.08 on April 26, 2024. CHTR lost 589.54 points, or 71.41%, in 138 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (212.73) 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 415.30 on November 13, 2024. CHTR gained -179.22 points, or -75.91%, in 28 weeks. The price is now at the 15.07% retracement level.
 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. 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 November 13, 2024 at 415.30 and reached 379.20 on November 19, 2024. CHTR lost 36.10 points, or 8.69%, in 6 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (385.05) 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 short-term trend.
 Daily Technical Indicators: [See CHTR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
11 |
| Industry |
Cable & Satellite |
84 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
383.10 |
| Low Date |
11/21/2024 |
| High |
392.00 |
| High Date |
11/22/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
379.74 |
| Support |
385.05 |
| High |
415.30 |
| High Date |
11/13/2024 |
| Low |
379.20 |
| Low Date |
11/19/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
313.60 |
| Low Date |
09/25/2024 |
| High |
415.30 |
| High Date |
11/13/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
236.08 |
| Low Date |
04/26/2024 |
| High |
415.30 |
| High Date |
11/13/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
265.66 |
| Support |
212.73 |
| High |
825.62 |
| High Date |
09/02/2021 |
| Low |
236.08 |
| Low Date |
04/26/2024 |
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