Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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Weaker technical forecast for Charter Communications as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Charter Communications stock price fell by -0.98% on the last day (Thursday, 28th Mar 2024) from $293.51 to $290.63. During the last trading day the stock fluctuated 2.36% from a day low at $286.69 to a day high of $293.45. The price has fallen in 6 of the last 10 days and is down by -2.14% for this period. Volume has increased on the last day by 50 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $364.50 million.

The stock lies in the middle of a very 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 -27.19% during the next 3 months and, with a 90% probability hold a price between $179.18 and $224.71 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

A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 5.17%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Charter Communications stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $291.88 and $291.27. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Charter Communications stock

Charter Communications finds support from accumulated volume at $290.28 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 $6.76 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.

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

Trading Expectations (CHTR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Charter Communications to open at $290.26, and during the day (based on 14 day Average True Range), to move between $282.59 and $298.67, which gives a possible trading interval of +/-$8.04 (+/-2.76%) 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 $290.28 (0.12%) than the resistance at $292.64 (0.69%), 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?

Charter Communications holds several negative signals and is within a very wide and falling trend, so we believe 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 Buy to a Sell candidate.

Current score: -2.429 Sell Candidate Downgraded

Predicted Opening Price for Charter Communications of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$290.26 ( 0.129%) $290.63

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 297.01 2.20 %
R2 294.43 1.31 %
R1 292.84 0.759 %
Current price: 290.63
Support S1 287.67 -1.02 %
S2 286.08 -1.57 %
S3 283.50 -2.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 319.21 9.83 %
R2 297.00 2.19 %
R1 292.64 0.692 %
Current price 290.63
Support S1 290.28 -0.120%
S2 283.67 -2.39%
S3 282.60 -2.76%

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?
Charter Communications holds several negative signals and is within a very wide and falling trend, so we believe 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 Buy to a Sell 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 2024-03-28, the price of an Charter Communications (CHTR) share was $290.63.

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 2024-03-28, the market capitalization of Charter Communications is 42.379B.

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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