Charter Communications’ Key Technical Levels Going into 2018

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.

On January 22, 2018, Charter Communications (CHTR) was trading 5.5% above its 100-day moving average. In comparison, Verizon (VZ) was trading ~9.1% above its 100-day moving average. 

AT&T (T) was trading 2.4% above its 100-day moving average. Sprint (S) was trading 21.9% below its 100-day moving average.

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.