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Specialized REITs Industry Stocks Technical Analysis - CCI

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- 11/8/2024 -
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Crown Castle Intl Corp (CCI) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineLane's Stochastic is oversold
Daily :Stochastic has raised above the signal lineLane's Stochastic and MACD bullish divergence
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It was the negative week for the Crown Castle Intl Corp (CCI). During the week, the CCI gave back -0.70 points, or -0.66%, and closed at 105.90 on Friday, November 8, 2024. Weekly volume was -10% 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 Symmetric Triangle chart pattern. The downtrend resistance line (101.51) 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 CCI medium-term trend chart]
A medium-term uptrend had started on April 18, 2024 at 92.48 and reached 120.92 on September 16, 2024. CCI gained -28.44 points, or -30.75%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 99.05 and resistance is at 128.59. 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 CCI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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.

The weekly MACD line is below its signal line since October 25, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See CCI short-term trend chart]
A short-term downtrend had started on November 5, 2024 at 109.10 and reached 102.10 on November 6, 2024. CCI lost 7.00 points, or 6.42%, in 1 days. The price is now at the 54.29% retracement level.

Daily Technical Indicators: [See CCI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since September 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.96
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 34.68
Bullish
Greed/Fear Indicator (GFI) 31.56
Moving Average Converg./Diverg. (MACD) -1.78 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.21
Williams' Percentage Range (W%R) 60.20
Lane's Stochastic (%D-Slow) 18.57
Oversold
Greed/Fear Indicator (GFI) 35.41
Moving Average Converg./Diverg. (MACD) 2.39
Trading Signals
Description Value Chart
Upper Bollinger Band 114.92
50 Day Moving Average 113.11
20 Day Moving Average 109.27
Parabolic System 108.77
Price 105.90
Weekly Stochastic Crossing 105.46
Daily Stochastic Crossing 104.48
Lower Bollinger Band 102.63
Yearly Trendline Support 101.51
Quarterly Trendline Support 99.05
Sector and Industry
Description Name Rank
Sector Real Estate 6
Industry Specialized REITs 44
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 109.10
High Date 11/05/2024
Low 102.10
Low Date 11/06/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 109.10
High Date 11/05/2024
Low 102.10
Low Date 11/06/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.92
High Date 09/16/2024
Low 102.10
Low Date 11/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 128.59
Support 99.05
Low 92.48
Low Date 04/18/2024
High 120.92
High Date 09/16/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 75.81
Support 101.51
High 209.87
High Date 12/31/2021
Low 84.72
Low Date 10/23/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.