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Charter Communications promoted its WiFi connectivity on World WiFi Day. The company emphasized the importance of a reliable connection that works seamlessly.
Charter Communications shared a message calling itself America’s connectivity company. Details are being clarified.
CHTR is trading well below all major moving averages, with the current price of $126.23 sitting under the MA-20 ($139.18), MA-50 ($166.11), and MA-200 ($211.62), which confirms persistent downward pressure across all timeframes. The Ichimoku Kijun at $140.73 stands as immediate resistance just above, while MA-20 ($139.18) offers near-term resistance and MA-50 ($166.11) marks the next key resistance; near-term support is notably scarce, with the closest reference being the 52-week low, and all significant short-term and medium-term averages remain above current levels.
Momentum signals are decisively bearish—MACD and ADX on D1 indicate strong negative momentum, while RSI is approaching oversold territory at 32.07 and both CCI and BBP suggest sellers dominate. Stoch RSI and CCI show persistent oversold conditions, and BBP at -5.68 reinforces heavy seller control intraday. CHTR has fallen $19.59 (13.43%) over the past week, now trading at $126.23, sharply down from the previous week's close of $145.82. Price is at the very bottom of the weekly range near its 52-week low, with volatility standing at 17.27%. The tone is one of steady decline from the highs, with momentum and oscillators confirming the persistent bearish pressure. In today’s session, CHTR is down 4.37%, accelerating the downside move.
For the coming week, the expected trading range is $121.00 to $131.00, keeping price action just above the new 52-week low and far below the high of $422.29. The probability of price recovery is very low (less than 20%), given that all key W1 indicators (RSI, MACD, ADX, and MA-50) are on "Sell." The likelihood of further downside is very high. Baseline scenario: CHTR consolidates in a narrow corridor near support, remaining under pressure. Bullish scenario: a recovery could start only if price breaks and closes above $139.00–$141.00, which is immediate resistance. Bearish scenario: a sustained break below $126.00 would open the way toward new multi-year lows.
Earlier, analysts noted that Charter Communications was under sustained bearish pressure, with technical signals suggesting a low probability of an imminent rebound. This article builds on that outlook by highlighting ongoing risks and advises investors to closely monitor for any break below recent lows as a key indicator of further downside.