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 -1.66% downward trend, sliding for three consecutive days on September 20, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CHTR declined for three days, in of 289 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CHTR moved out of overbought territory on August 30, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
CHTR broke above its upper Bollinger Band on August 29, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 14, 2023. You may want to consider a long position or call options on CHTR as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CHTR just turned positive on September 14, 2023. Looking at past instances where CHTR's MACD turned positive, the stock continued to rise in of 44 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 360 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 302 cases where CHTR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock slightly better than average.
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 (6.414) is normal, around the industry mean (6.062). P/E Ratio (15.060) is within average values for comparable stocks, (136.146). Projected Growth (PEG Ratio) (0.352) is also within normal values, averaging (9.904). Dividend Yield (0.000) settles around the average of (0.117) among similar stocks. P/S Ratio (1.277) is also within normal values, averaging (68.171).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of broadband communications services
Industry WirelessTelecommunications
CHTR and
Correlation & Price change
A.I.dvisor indicates that over the last year, CHTR has been closely correlated with LBRDK. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if CHTR jumps, then LBRDK could also see price increases.
| Ticker / NAME | Correlation To CHTR | 1D Price Change % | ||
|---|---|---|---|---|
| CHTR | 100% | -0.34% | ||
| LBRDK - CHTR | 97% Closely correlated | +0.51% | ||
| LBRDA - CHTR | 96% Closely correlated | +0.27% | ||
| CMCSA - CHTR | 77% Closely correlated | -0.50% | ||
| CABO - CHTR | 59% Loosely correlated | +1.35% | ||
| LBTYA - CHTR | 57% Loosely correlated | -1.55% | ||
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