How CenturyLink’s Technical Indicators Stack Up
By Ambrish ShahMay. 10 2019, Published 2:51 p.m. ET
Moving averages
Recently, CenturyLink (CTL) fell below its 20-day moving average, indicating a bearish sentiment in its stock. On May 9, CenturyLink stock closed the trading day at $10.86. Based on this figure, the stock was trading 7.3% below its 20-day moving average of $11.72, 9.7% below its 50-day moving average of $12.02, and 19.7% below its 100-day moving average of $13.53.
In comparison, Charter Communications (CHTR) was trading 12.0% above its 100-day moving average, while Comcast (CMCSA) was trading 11.4% above its 100-day moving average. Frontier Communications (FTR) was trading 10.0% below its 100-day moving average.
Relative strength index
On May 9, CenturyLink had a 14-day RSI (relative strength index) score of 30. Charter’s, Comcast’s, and Frontier’s 14-day RSI scores were 68, 60, and 42, respectively.
A stock’s RSI level is measured on a scale of 0–100. If a stock’s RSI level is higher than 70, it’s an indication that the stock may fall soon, as it’s been overbought. An RSI level of lower than 30 indicates that a stock may rise soon, as it’s been oversold.
