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Can Charter Communications Stock Rise from Here?

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Shareholder returns and stock trends

Charter Communications’ (CHTR) closing price on December 12 was $316.78 per share. Based on that, Charter has a market cap of $72.5 billion. The stock is trading 26.7% above its 52-week low of $250.10 per share and 20.1% below its 52-week high of $396.64 per share.

Year-to-date, Charter’s stock price has fallen 5.7%. The stock has generated returns of -2% in the trailing-one-month period and -4% in the trailing-12-month period. In comparison, Verizon (VZ) and Sprint (S) have seen their stock prices rise 7.6% and 6.3%, respectively, in the trailing-12-month period. Meanwhile, AT&T’s (T) stock price has fallen 20.8% in the trailing-12-month period.

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Bollinger Band

In the December 12 trading session, Charter stock closed at $316.78, near its midrange Bollinger Band level of $319.55. This means that Charter stock is neither oversold nor overbought.

MACD

Charter’s 14-day MACD (moving average convergence divergence) is -4.30. In comparison, AT&T’s 14-day MACD is -0.43, Verizon’s is -0.72, and Sprint’s is -0.18. A stock’s MACD marks the change between its short-term and long-term moving averages. Charter’s negative MACD level denotes a downward trading trend.

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