Charter Communications stock trades near lows as sellers remain in control

Traders Union
All News
Companies
Charter Communications up 0.40% today

Highlights

Charter Communications trades sharply below all major moving averages, reflecting persistent short- and long-term bearish momentum.
Key technical indicators show a bearish bias with growing short-term oversold conditions and limited trend strength.
Next week's expected trading range is $125.00–$133.00, with a high probability of further downside or stagnation near 52-week lows.

Sustained seller pressure as price trades below key moving averages

Charter Communications ($128.30) is trading sharply below its MA-20 ($133.81), MA-50 ($137.91), and MA-200 ($197.72), underscoring persistent short-, medium-, and long-term pressure from sellers. The Ichimoku Kijun level at $146.08 sits well above the current price, marking it as immediate resistance. Near-term support is seen at the MA-5 cluster ($130.58), while key support lies near the MA-10 ($131.08). Immediate resistance is the Kijun ($146.08), with the next key resistance at MA-50 ($137.91).

Decisive bearish momentum with deep oversold signals amid steady decline

Momentum on D1 indicators remains decisively bearish, with both MACD and ADX showing continued weakness and limited trend strength. RSI (40.37), CCI (–96.41), and Stoch RSI (12.90) all highlight growing oversold conditions, suggesting short-term downside exhaustion. BBP at –0.84 confirms that sellers dominate intraday momentum. Awesome Oscillator remains neutral and does not reinforce the trend. Over the past week, CHTR has fallen $3.07 (2.21%) from a previous close of $131.37, placing the price at the very bottom of the weekly range. Weekly volatility stands at 7.45%. The tone is one of a steady decline from the recent high, leaving the stock hovering near weekly support.

Downside risk dominates with rangebound trade likely barring breakout

For the coming week, an adjusted forecast puts the expected trading range between $125.00 and $133.00, acknowledging the price proximity to the 52-week low ($124.05) and distance from the 52-week high ($398.74). With MA-50-w1, MACD-w1, RSI-w1, and ADX-w1 all signaling "Sell," there is a very low probability (less than 20%) of a meaningful bounce, and a very high probability of further downside or stagnation. In the baseline scenario, price action is likely to remain rangebound between $125.00 and $133.00, reflecting ongoing consolidation. A bullish scenario would require a breakout above $133.00, opening the door to a test of the Kijun resistance. A bearish scenario unfolds if the stock breaches $125.00, targeting new lows just above the yearly minimum.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Previously it was reported that Charter Communications was experiencing persistent bearish momentum and lacked clear signals of a sustained recovery. Going forward, traders should closely monitor price action for any decisive breakout that could signal a shift in the prevailing downtrend.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.