What Charter’s Technical Indicators Tell Us about the Stock
Technical indicators are useful in predicting the direction of a stock trend. Technical aspects hold a particular value for investors and traders because they help them make decisions related to market entries and exits.
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Relative strength index
On September 15, 2017, Charter Communications (CHTR) had a 14-day RSI (relative strength index) reading of 36. By comparison, competitors AT&T (T) and Verizon Communications (VZ) had 14-day RSI readings of 40 and 41, respectively. Sprint’s (S) 14-day RSI reading was 23.
Usually, if a company’s 14-day RSI level is more than 70, it means that the stock has been overbought, while a 14-day RSI level lower than 30 indicates that the stock has been oversold.
As of September 15, 2017, Charter has an MACD (moving average convergence divergence) of 3.24. By comparison, AT&T’s MACD is -0.37, while Verizon’s is -0.01, and Sprint’s is -0.11.
A negative MACD reading suggests that a stock is in downward trading trend, while a positive MACD reading implies that a stock is in upward trading trend.
Median target price
The median target price set by analysts for Charter was $405.00 on September 15, 2017. The carrier’s closing price was $369.47 on the same date.
Charter has generated returns of ~38.8% in the trailing-12-month period and -7.1% in the trailing-one-month period. Charter’s share price has fallen ~5.96% in the trailing-five-day period.
By comparison, AT&T, Verizon, and Sprint have generated returns of ~4.2%, 3.8%, and -0.65%, respectively, in the trailing-five-day period.
As of September 15, 2017, 26 analysts from different brokerage firms have been actively tracking Charter stock, and 17 have rated the stock as a “buy,” while nine have rated the stock as a “hold,” and no analyst has rated the stock as a “sell.”
Approximately 65% of the analysts have given Charter “buy” recommendation.