RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CHTR
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Charter Communications stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Charter Communications stock price gained 1.95% on the last trading day (Wednesday, 27th Mar 2024), rising from $287.89 to $293.51. During the last trading day the stock fluctuated 2.07% from a day low at $288.19 to a day high of $294.16. The price has fallen in 6 of the last 10 days and is down by -1.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $353.55 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.80% during the next 3 months and, with a 90% probability hold a price between $178.43 and $222.65 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.

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CHTR Signals & Forecast

Mostly positive signals in the chart today. The Charter Communications stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $293.01 and $291.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 6.22%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Charter Communications stock

Charter Communications finds support from accumulated volume at $292.64 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 $5.97 (2.07%) between high and low. For the last week, the stock has had daily average volatility of 1.69%.

Our recommended stop-loss: $278.31 (-5.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (CHTR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Charter Communications to open at $291.95, and during the day (based on 14 day Average True Range), to move between $285.39 and $301.63, which gives a possible trading interval of +/-$8.12 (+/-2.77%) up or down from last closing price. If Charter Communications takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $292.64 (0.30%) than the resistance at $297.00 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Charter Communications stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.561 Buy Candidate Upgraded

Predicted Opening Price for Charter Communications of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$291.95 ( 0.530%) $293.51

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

Trading levels for CHTR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 297.92 1.50 %
R2 295.64 0.727 %
R1 294.23 0.247 %
Current price: 293.51
Support S1 289.67 -1.31 %
S2 288.26 -1.79 %
S3 285.98 -2.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 319.21 8.76 %
R2 303.65 3.45 %
R1 297.00 1.19 %
Current price 293.51
Support S1 292.64 -0.296%
S2 290.28 -1.10%
S3 283.67 -3.35%

FAQ

What is the symbol for Charter Communications Stock and on which exchange is it traded?
The symbol for Charter Communications is CHTR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Charter Communications Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Charter Communications Stock?
Charter Communications Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Charter Communications Stock.

What's the current price of Charter Communications Stock?
As of the end of day on the 2024-03-27, the price of an Charter Communications (CHTR) share was $293.51.

What is the 52-week high and low for Charter Communications Stock?
The 52-week high for Charter Communications Stock is $458.30 and the 52-week low is $270.41.

What is the market capitalization of Charter Communications Stock?
As of the 2024-03-27, the market capitalization of Charter Communications is 41.567B.

When is the next earnings date for Charter Communications?
The upcoming earnings date for Charter Communications is Apr 26, 2024.
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About Charter Communications

Charter Communications Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based video services, including video on demand, high-definition television, digital video recorder, pay-per-view services. It provides Internet services, such as security suite that protects computers from viruses and spyware, and threats from malicious act... CHTR Profile

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