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Charter Communications: Key Technical Analysis and Target Price


Jun. 26 2019, Updated 8:55 a.m. ET

Key technical levels

As of the closing on June 25, Charter Communications (CHTR) stock was trading at $390.91. On the downside, the company’s immediate support lies near $386.95, while $393.67 could act as an immediate resistance level on a daily basis.

Based on the closing price of June 25, Charter Communications stock was trading 0.4% above its 20-day moving average of $389.34, 3.3% above its 50-day moving average of $378.48, and 7.6% above its 100-day moving average of $363.45.

The company’s 14-day RSI (relative strength index) was 58, which means investors are neutral towards the stock.

Currently, Charter Communications stock is trading 43.9% above its 52-week low of $271.56 per share and 2.6% below its 52-week high of $401.38 per share.

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Analysts’ consensus

According to analysts’ consensus, Charter Communications stock has a mean target price of $410.15 and a current market price of $390.91, which suggests an upside potential of 4.9% in the next 12 months. The median target price was $423.00 on June 25. Among the 30 analysts tracking Charter Communications, 20 recommended a “buy,” nine recommended a “hold,” and one recommended a “sell.”

About nine of the 22 analysts tracking Dish Network (DISH) recommended a “buy.” For Comcast (CMCSA), 26 of the 33 analysts tracking the company recommended a “buy.”


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