AI Predicts a Bearish Trend for Charter Communications: A Potential 2% Weekly Decline Ahead
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In the dynamic world of trading, the ability to anticipate market movements is crucial. Our AI has identified a bearish trend for Charter Communications (CHTR, $359.39), predicting a decline of 2% to $352.2 or more within the next week. Based on similar scenarios where the stock trended down for a consecutive week, the odds of a downtrend continuation are 72%.
Charter Communications operates within the wireless telecommunications industry, a sector that is constantly evolving with technological advancements and changes in consumer behavior. The industry's average market capitalization is 13.61B, with a range from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T, while IGLDF is at the lower end with 9.67K.
Looking at price growth, the average weekly growth across all stocks in the Wireless Telecommunications Industry was 1%, with a monthly growth of 2%, and a quarterly growth of 21%. FULO experienced the highest price growth at 104%, while DTGI experienced the biggest fall at -53%.
In terms of volume, the average weekly volume growth across all stocks in the industry was -22%, with a monthly volume growth of -35% and a quarterly volume growth of -15%.
AI's prediction of a bearish trend for Charter Communications underscores the power of AI in predicting market trends. As we continue to refine our AI algorithms, we look forward to sharing more insights and predictions with you. Stay tuned!
CHTR in downward trend: price dove below 50-day moving average on October 28, 2024
CHTR moved below its 50-day moving average on October 28, 2024 date and that indicates a change from an upward trend to a downward trend. In of 32 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CHTR as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHTR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CHTR entered a downward trend on October 04, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CHTR's RSI Oscillator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CHTR just turned positive on October 22, 2024. Looking at past instances where CHTR's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHTR advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHTR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CHTR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.698) is normal, around the industry mean (4.726). P/E Ratio (9.468) is within average values for comparable stocks, (113.894). Projected Growth (PEG Ratio) (0.287) is also within normal values, averaging (8.093). CHTR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.059). P/S Ratio (0.790) is also within normal values, averaging (13.458).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CHTR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
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Fundamental Analysis Ratings
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General Information
a provider of broadband communications services
Industry WirelessTelecommunications