CHARTER COMMUNICATIONS INC-A (CHTR) Stock Technical Analysis
NASDAQ:CHTR - Nasdaq - US16119P1084 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CHTR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHTR is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CHTR is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by CHTR over the past year are nicely spread over this period.
CHTR is one of the better performing stocks in the Media industry, it outperforms 77% of 97 stocks in the same industry.
CHTR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHTR is lagging the market slightly.
In the last month CHTR has a been trading in the 370.58 - 408.61 range, which is quite wide. It is currently trading near the high of this range.
CHTR has an average volume of 1351040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, CHTR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
311.35
431.53
When analyzing the support we can see 7 important areas.
- Support @400.65 from a trend line in the daily time frame.
- A support zone ranging from 382.58 to 392.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @373.61 from a horizontal line in the daily time frame.
- Support @351.93 from a trend line in the weekly time frame.
- Support @334.89 from a horizontal line in the weekly time frame.
- A support zone ranging from 325.61 to 327.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @314.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @406.77 from a horizontal line in the daily time frame.
- A resistance zone ranging from 425.66 to 427.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CHTR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHTR is up. |
| ChartMill Relative Strength | 83.79 | POSITIVE | CHTR has a high relative strength, it outperformed 83.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHTR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHTR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHTR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.7 | NEUTRAL | The RSI value for CHTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests CHTR has a positive trend. |
| Stochastics (14,3) | 71.95 | NEUTRAL | The Stochastics value for CHTR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CHTR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.12 | NEGATIVE | The low ADX value for CHTR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 406.78 | 400.64 | 6.14 (1.51%) | 25.00% |
| An entry @406.78. This is a Buy Stop order right above the resistance zone. | An exit @400.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.14 points, which is 1.51%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CHTR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
400.97
+6.96 (+1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.77%
1 Week3.78%
2 Weeks1.03%
1 Month1.3%
3 Month8.66%
6 Month15.01%
12 Month34.12%
2 Year9.15%
3 Year-14.42%
5 Year-21.38%
10 Year134.14%
15 YearN/A
Volatility
ATR(14)9.36
ATR(20)%2.3%
ATR Inc0.83%
Range Today7.69
ADR(20)8.65
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.79
Mansfield0.39
10 Day High404.02
10 Day Low370.58
20 Day High408.61
20 Day Low370.58
52 Week High437.06
52 Week Low286.66
CS1 End400.65
CR1 Start406.77
Volume & EV
DER(3)-0.79%
DER(5)-0.13%
Volume1.94M
Volume Incr-7.54%
Vol(5)1.13M
Vol(50)1.35M