Technical aspects guide us in predicting a stock trend’s direction. Technical indicators hold significant value for investors and traders as they decide market entry and exit levels. The two most frequently used technical indicators are moving averages and relative strength index (or RSI) scores.
Now let’s look into Charter Communications’ (CHTR) technical indicators and compare them with its competitors in the telecom market.
100-day moving averages
Relative strength index
On January 22, 2018, Charter Communications had a 14-day RSI reading of 80. In comparison, AT&T and Verizon had 14-day RSI readings of 41 and 54, respectively. Sprint’s 14-day RSI reading was 29.
If a company’s 14-day RSI reading is greater than 70, it suggests that the stock has been overbought. However, a 14-day RSI reading less than 30 suggests that the stock has been oversold.