Charter Communications (CHTR): Downtrend Continuation as Bearish Signals Emerge
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Charter Communications (CHTR), a prominent telecommunications company that is currently undergoing a potential downtrend continuation. A.I.dvisor's predictions suggest that CHTR has entered a bearish trend, indicating a challenging period ahead for the stock. In this blog post, we will delve into the indicators supporting this forecast and analyze historical data, which suggests a strong probability of CHTR's downtrend continuing.
Charter Communications (CHTR) is currently experiencing a projected downtrend, as indicated by A.I.dvisor's analysis. The forecast suggests that CHTR may witness a decline of approximately 4%, potentially reaching a price of $327.83 or even lower within the next month. This projection underscores the challenging sentiment surrounding the stock and indicates a strong likelihood of the downtrend continuing.
With Charter Communications (CHTR) entering a bearish phase, investors should carefully evaluate their investment strategies. A.I.dvisor's analysis and historical probabilities indicate a strong chance of a downtrend continuation. However, it is crucial to consider additional factors such as market conditions, industry trends, and company-specific developments that may impact CHTR's performance. Conducting thorough research and consulting with a financial advisor is highly recommended before making any investment decisions.
Charter Communications (CHTR) is currently positioned in a monthly bearish trend, signaling a potential downtrend continuation. A.I.dvisor's analysis predicts a decline in CHTR's price within the next month, with statistical probabilities indicating an 80% chance of the downtrend continuing. Investors are advised to carefully evaluate their investment strategies, consider market dynamics, and consult with a qualified financial advisor before making any investment decisions.
Momentum Indicator for CHTR turns positive, indicating new upward trend
CHTR saw its Momentum Indicator move above the 0 level on June 07, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned positive. In of the 82 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CHTR just turned positive on June 07, 2023. 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 349 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.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
CHTR moved below its 50-day moving average on May 09, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CHTR crossed bearishly below the 50-day moving average on May 16, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 June 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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 fairly steady price growth. CHTR’s price grows at a lower 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 (5.382) is normal, around the industry mean (5.771). P/E Ratio (11.038) is within average values for comparable stocks, (133.991). Projected Growth (PEG Ratio) (0.343) is also within normal values, averaging (9.853). Dividend Yield (0.000) settles around the average of (0.110) among similar stocks. P/S Ratio (0.984) is also within normal values, averaging (65.851).
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.
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.
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 98% 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% | +2.34% | ||
| LBRDK - CHTR | 98% Closely correlated | +2.62% | ||
| LBRDA - CHTR | 97% Closely correlated | +2.62% | ||
| CMCSA - CHTR | 77% Closely correlated | +2.26% | ||
| CABO - CHTR | 64% Loosely correlated | +2.62% | ||
| ATUS - CHTR | 60% Loosely correlated | +6.98% | ||
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