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Charter Communications Stock Forecast NASDAQ:CHTR

$679.30 (1.33%)

Volume: 1M

Closed: Dec 03, 2021

Hollow Logo Score: -2.196

Charter Communications Stock Forecast

$679.30 (1.33%)

Volume: 1M

Closed: Dec 03, 2021

Score Hollow Logo -2.196
Which way will CHTR go? Request
Key Stats
P/E Ratio 28.39
Beta 0.77
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 46 and the stock is currently not being overbought or oversold

Weaker technical forecast for Charter Communications as stock downgraded to Sell Candidate.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The Charter Communications stock price gained 1.33% on the last trading day (Friday, 3rd Dec 2021), rising from $670.40 to $679.30. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.84% from a day low at $669.51 to a day high of $681.80. The price has fallen in 6 of the last 10 days and is down by -0.96% for this period. Volume fell on the last day by -104 thousand shares and in total, 1 million shares were bought and sold for approximately $902.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $684.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.63% during the next 3 months and, with a 90% probability hold a price between $538.19 and $584.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the stock today. The Charter Communications stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $691.57. On a fall, the stock will find some support from the short-term average at $663.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 7.11%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

Charter Communications finds support from accumulated volume at $674.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $12.30 (1.84%) between high and low. For the last week, the stock has had a daily average volatility of 3.38%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Charter Communications stock A Buy?

Charter Communications holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.196

Predicted Opening Price for Charter Communications of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$676.87 $679.30 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 22, 2021 "Loop Capital" gave "$815.00 - $730.00" rating for CHTR. The price target was changed from $678.68 to 0.5%.

Volatility and Risk
Daily Average Volatility: 3.38 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.38 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $741.95
Price: $679.30
Support: $674.89

CHTR Insider Trading Show all Trades

INSIDER POWER

0.114

Last 100 transactions
Buy: 868 103 | Sell: 7 643 693 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 44 894 Rutledge Thomas Class A Common Stock
Nov 22, 2021 Sell 43 106 Rutledge Thomas Class A Common Stock
Nov 16, 2021 Sell 621 437 Liberty Broadband Corp Class A Common Stock
Nov 04, 2021 Sell 288 281 Newhouse Michael A Class B Common Units of Charter Communications Holdings, LLC
Nov 04, 2021 Sell 288 281 Advance/newhouse Partnership Class B Common Units of Charter Communications Holdings, LLC
Show all Insider Trades
INSIDER POWER

0.114

Last 100 transactions
Buy: 868 103 | Sell: 7 643 693 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 689.16 1.45 %
684.47 0.76 %
681.57 0.33 %
Current price: 679.30
Support 672.17 -1.05 %
669.27 -1.48 %
664.57 -2.17 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 763.48 12.39 %
761.86 12.15 %
741.95 9.22 %
Current price 679.30
Support 674.89 -0.65%
670.40 -1.31%
646.28 -4.86%

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About Charter Communications

Charter Communications Charter Communications, Inc., through its subsidiaries, provides cable services in the United States. The company offers various entertainment, information, and communications solutions to residential and commercial customers. Its video service offerings include a package of basic video programming, video on demand, subscription on demand, pay-per-view, high definition television, digital video recorder, Spectrum TV app on mobile devices, Spectru... Read more

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