Charter Communications ($CHTR) Leads with +2.03% Gain and Sectoral Insights! 📊
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Unveiling Charter Communications: Navigating the Wireless Telecom Terrain
Welcome, investors, to an insightful journey through the intriguing realm of Charter Communications (CHTR, $420.47). This dynamic player has recently embarked on a bullish trajectory, projecting an Uptrend continuation. With an expected growth of 2% to $428.88 or beyond in the upcoming week, Charter Communications is setting its sights on a promising future. Let's delve into the market movements and sectoral shifts that define this prominent entity and its industry counterparts.
Industry Description: Wireless Telecom's Digital Dominion
Our focus rests on the expansive world of Wireless Telecom, where companies like Charter Communications operate at the forefront. This sector encompasses wireless antenna and satellite-based communication services, an arena experiencing rapid growth in the era of mobile devices and cloud computing. As global connectivity demands surge, Wireless Telecom becomes pivotal, especially in untapped markets and rural regions. Leading providers such as T-Mobile US, Inc., Vodafone Group, and Sprint Corporation play a vital role, ensuring seamless data connectivity, enhanced multimedia experiences, and ever-improving services.
Market Cap Insights
In the bustling landscape of the Wireless Telecommunications Industry, the average market capitalization stands at 14.03B. Among the diverse tickers, the valuation spectrum stretches from 9.67K to an impressive 12.88T, where LNETF claims the highest valuation and IGLDF rests at the lower end.
Highs and Lows in Price Notables
Reflecting on price movements, the Wireless Telecommunications Industry witnessed an average weekly price growth of -2%. Over the same period, the monthly average stood at -2%, while the quarterly trend experienced growth at 3%. Notably, PHRZF showcased a remarkable 111% price growth, while MIMO grappled with a -48% descent.
Volume and its Dynamics
Analyzing volume dynamics, the industry displayed an average weekly volume decline of -35%. This trend continued on a monthly basis with an average decline of -57%, while the quarterly volume exhibited a marginal dip of -0%.
Exploring Fundamental Analysis Ratings
Fundamental analysis ratings offer essential insights into Charter Communications and its industry counterparts. These metrics, ranging from Valuation and P/E Growth to Price Growth and SMR Rating, provide a comprehensive view of their performance. As investors, it's crucial to consider these figures while evaluating potential investment avenues.
Charter Communications navigates the Wireless Telecom sector with an impressive +2.03% Uptrend, underpinned by three consecutive days of growth. As we dissect the industry landscape, we discover a realm driven by connectivity demands, technological evolution, and changing consumer preferences. Stay tuned as we continue to uncover the intricate threads weaving this dynamic market tapestry. Your investment journey awaits!
CHTR sees MACD Histogram crosses below signal line
CHTR saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 25, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
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 may be shifting from an upward trend to a downward trend. In of 69 cases where CHTR's Stochastic Oscillator exited the overbought zone, the price fell further within 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 .
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 .
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 (6.135) is normal, around the industry mean (6.008). P/E Ratio (14.409) is within average values for comparable stocks, (136.103). Projected Growth (PEG Ratio) (0.336) is also within normal values, averaging (9.898). Dividend Yield (0.000) settles around the average of (0.117) among similar stocks. P/S Ratio (1.222) is also within normal values, averaging (68.159).
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% | -2.57% | ||
| LBRDK - CHTR | 97% Closely correlated | -2.76% | ||
| LBRDA - CHTR | 97% Closely correlated | -2.60% | ||
| CMCSA - CHTR | 77% Closely correlated | -1.40% | ||
| CABO - CHTR | 59% Loosely correlated | -1.50% | ||
| LBTYA - CHTR | 57% Loosely correlated | -1.36% | ||
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