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Advanced TA SearchArchive
- 4/19/2024 -
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Charter Communications (CHTR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Charter Communications (CHTR). During the week, the CHTR gained 4.71 points, or 1.81%, and closed at 265.21 on Friday, April 19, 2024. Weekly volume was -13% below average.
CHTR is a member of Cable & Satellite Industry. Cable & Satellite is the sixth 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 CHTR long-term trend chart]
A long-term downtrend had started on September 2, 2021 at 825.62 and reached 254.31 on April 16, 2024. CHTR lost 571.31 points, or 69.20%, in 136 weeks. Price is near the trend low.
Medium-term trend: [See CHTR medium-term trend chart]
A medium-term downtrend had started on October 16, 2023 at 458.30 and reached 254.31 on April 16, 2024. CHTR lost 203.99 points, or 44.51%, in 26 weeks. The price is now at the 5.34% retracement level.
 Weekly Technical Indicators: [See CHTR weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 27, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See CHTR short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 254.31 and reached 265.71 on April 19, 2024. CHTR gained -11.40 points, or -4.48%, in 3 days. Price is near the trend high.
 Daily Technical Indicators: [See CHTR daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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.
The daily MACD line is below its signal line since April 2, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
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