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.
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.