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Making Sense of Charter Communications’ Technical Indicators

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Charter’s moving averages

Now let’s take a look at Charter Communications’ (CHTR) technical aspects and compare them to its peers in the telecom space. Recently, Charter rose above its 20-day and 100-day moving averages, which indicates a bullish sentiment for its stock. On November 28, Charter stock closed the trading day at $328.68. Based on this figure, the stock was trading 2.7% above its 20-day moving average of $319.99, 3% above its 50-day moving average of $319.16, and 5.8% above its 100-day moving average of $310.70.

In comparison, Verizon (VZ) was trading 9.9% above its 100-day moving average, while AT&T (T) was trading 4% below its average. Sprint (S) was trading 4.3% above its 100-day moving average.

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Relative strength index

As of November 28, Charter had a 14-day RSI (relative strength index) score of 57. A stock’s 14-day RSI score is measured on a scale of zero to 100 where greater than 70 denotes that a stock is overbought, and less than 30 suggests that a stock is oversold. A stock trading between a 14-day RSI level of 30 and 70 denotes balanced trading activity.

Meanwhile, AT&T and Sprint had a 14-day RSI reading of 50 and 56, respectively. The 14-day RSI number for Verizon was 62.

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