CHTR Technical Analysis - CHARTER COMMUNICATIONS INC-A

Technical Rating and Analysis

Taking everything into account, CHTR scores 1 out of 10 in our technical rating. CHTR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

91% of all other stocks performed better in the past year than CHTR.

CHTR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CHTR has a been trading in the 251.80 - 285.82 range, which is quite wide. It is currently trading near the high of this range.

CHTR has an average volume of 2320290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CHTR is an average performer in the Media industry, it outperforms 41% of 96 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHARTER COMMUNICATIONS INC-A / CHTR Weekly stock chart

CHARTER COMMUNICATIONS INC-A / CHTR Daily stock chart

Setup Rating and Analysis

The technical rating of CHTR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

252.06

410.84

3 important support areas can be observed.

A support zone ranging from 280.02 to 280.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 267.31 to 271.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 254.61 to 256.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @406.77 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for CHTR is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CHTR is neutral.
ChartMill Relative Strength	9.2	NEGATIVE	CHTR has a low relative strength, it was outperformed by 90.8% 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)	DOWN	MIXED	The current price of CHTR is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CHTR is below a declining SMA(200).
Relative Strength Index/RSI (14)	58.6	NEUTRAL	The RSI value for CHTR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.59	POSITIVE	The MACD value suggests CHTR has a positive trend.
Stochastics (14,3)	61.35	NEUTRAL	The Stochastics value for CHTR is a neutral value.
Average True Range in percent/ATR (20)	2.85	MEDIUM VOLATILITY	The ATR as a percentage value for CHTR suggests some volalility.
Average Directional Index/ADX (14)	27.43	POSITIVE	The high ADX value value for CHTR suggests a strong trend.