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CenturyLink’s Moving Averages Compared to Its Peers

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Jun. 24 2019, Published 8:03 a.m. ET

Moving averages

On June 21, CenturyLink (CTL) stock closed the trading day at $11.34. On the downside, the company’s immediate support lies near $11.26, while $11.42 could act as an immediate resistance level on a daily basis.

Based on the closing price of June 21, CenturyLink stock was trading 5.8% above its 20-day moving average of $10.72, 2.4% above its 50-day moving average of $11.07, and 5.7% below its 100-day moving average of $12.02.

Charter Communications (CHTR) was trading 9.1% above its 100-day moving average, while Comcast (CMCSA) was trading 7.2% above its 100-day moving average. Frontier Communications (FTR) was trading 37.7% below its 100-day moving average.

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Relative strength index

On June 21, CenturyLink’s 14-day RSI (relative strength index) score was 60, which indicates that the company’s stock isn’t oversold or overbought. Charter Communications, Comcast, and Frontier Communications’ 14-day RSI scores were 69, 66, and 33, respectively.

The RSI is one of the most widely used technical indicators. The RSI is measured on a scale of zero to 100. If an RSI number is higher than 70, it indicates that the stock might fall soon—it has been overbought. An RSI figure lower than 30 indicates that the stock might rise soon—it has been oversold.

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