CHTR Charter Communications Chart, History Price & Graph

Key Takeaways

• CHTR experienced a sharp 25% plunge to around $180 following Q1 earnings miss, confirming a long-term downtrend with breakdown below key support at $208.
• Price trades below all major moving averages, including the 20-day at $224.26, 50-day at $225.00, and 200-day at $241.55, signaling bearish momentum.
• Momentum indicators show oversold conditions, with Stochastic at 18.76 and Williams %R at -95.72 prior to the drop, likely more extreme now.
• Massive volume spike to 13 million shares versus average 2 million underscores the breakdown intensity.
• Over the last 30 days, CHTR declined nearly 19%, reflecting heightened volatility and seller dominance.

Trend Analysis

Charter Communications (CHTR) remains entrenched in a multi-year downtrend characterized by lower highs and lower lows. The recent post-earnings gap down from $241.78 to a low of $178 marked a structural breakdown below the multi-month consolidation range around $208-$250. This move aligns with broader bearish price action over the past quarter, where shares shed over 27% in six months, amplifying the negative trend bias.

Support and Resistance Levels

Key support emerges at the day's low of $178, with further downside potential targeting $174.69 as the next multi-year level. Resistance clusters at the broken $208 support, now flipped, followed by prior range lows near $225-$236 and the pre-drop close at $242. Classic pivot points prior to the drop hovered around $242.79, with R1 at $243.62 and S1 at $241.80, but the violent selloff has shifted near-term focus lower.

Moving Averages

All major moving averages act as overhead resistance in the current bearish setup. The 20-day simple moving average stands at $224.26, 50-day at $225.00, 100-day at $215.81, and 200-day at $241.55. With CHTR closing sharply below these levels, the configuration reinforces seller control and potential for further pullback unless a reversal materializes.

Momentum Indicators

Prior to the earnings reaction, RSI(14) registered neutral at 49.00, while MACD(12,26) showed a buy signal at 1.81. Stochastic (9,6) and STOCHRSI indicated oversold territory at 18.76 and 0, respectively, alongside Williams %R at -95.72. The post-drop price action likely pushed these oscillators deeper into oversold extremes, hinting at potential short-term exhaustion but not negating the bearish trend without bullish divergence.

Volume and Market Activity

Trading volume exploded to 13.27 million shares on the earnings day, dwarfing the average of 1.95 million, confirming institutional selling during the breakdown. This surge validates the price move's conviction, with heightened volatility (ATR 3.36) underscoring elevated risk in the near term.

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Technical Outlook and Key Levels to Watch

Traders eye defense at $178-$175 support for any rebound attempts, with failure opening $174. A close above $208 would signal initial stabilization, targeting tests of $225 moving average cluster. Monitor oversold oscillators for divergence, volume trends for accumulation, and MACD for crossover signals amid ongoing high volatility. The bearish structure persists until proven otherwise.

Disclaimer

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