Moving Averages Show Technical Weakness in CenturyLink Stock

Moving averages

Recently, CenturyLink (CTL) fell below its 20-day moving average, indicating a bearish sentiment in its stock. On June 10, CenturyLink stock closed the trading day at $10.33. Based on this figure, the stock was trading 0.5% below its 20-day moving average of $10.38, 8.4% below its 50-day moving average of $11.28, and 16.6% below its 100-day moving average of $12.39.

In comparison, Charter Communications (CHTR) was trading 12.2% above its 100-day moving average, while Comcast (CMCSA) was trading 3.2% above its 100-day moving average. Frontier Communications (FTR) was trading 22.6% below its 100-day moving average.

Relative strength index

On June 10, CenturyLink had a 14-day RSI (relative strength index) score of 43. Charter’s, Comcast’s, and Frontier’s 14-day RSI scores stood at 70, 42, and 39, respectively.

A stock’s RSI score is measured on a scale of 0–100. If an RSI score is above 70, it’s an indication that a stock may fall soon, as it’s been overbought. An RSI score of below 30 denotes that a stock may rise soon, as it’s been oversold.