CHTR slides nearly 4% as third quarter loss and ongoing technical pressure continue

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Charter slides 3.65% today to $121.50

Highlights

Charter Communications reported third quarter 2026 revenue of $14.92 billion and a loss of $20.50 per share, missing analyst EPS estimates.
The company completed its $34.5 billion acquisition of Cox Communications and lost 233,000 internet customers during the quarter.
Charter stock trades just below key resistance at $121.53, with a projected range of $114.16 to $131.55 and mixed technical momentum.

Analyst disappointment grows as major acquisition and new initiatives launched

Charter Communications released its third quarter 2026 results, reporting revenue of approximately $14.92 billion, which matched or slightly exceeded consensus expectations. The company recorded a GAAP loss of $20.50 per share, missing analyst EPS estimates, and reported a net loss of 233,000 internet customers for the quarter. Charter completed its $34.5 billion acquisition of Cox Communications in August 2026 and also launched a new operating model with cost-reduction initiatives and rural broadband expansion, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees persistent downside risks for Charter Communications after the sharp GAAP loss and continued subscriber decline. He notes operational changes are overshadowed by a net loss and price action stuck below key averages. The technical outlook is dominated by resistance at $121.53 and a notable gap below the long-term trend. Kharitonov believes market sentiment is cautious, with overbought signals implying a pullback is likely. As he warns, "The recent rally has little fundamental backing — selling pressure could intensify if support at $116.88 breaks."

Viktoras Karapetjanc, expert at Traders Union, believes Charter’s latest results showcase resilience despite short-term volatility and headline losses. He points out the successful Cox Communications acquisition and rural expansion as positive drivers for future growth. Karapetjanc highlights that the new cost-reduction strategy and steady revenue reinforce the company’s competitive edge. He sees current price consolidation as a precursor to further upside if market sentiment shifts. In his view, "If price holds above $121.53, the bullish structure remains intact and further growth can be expected toward $131.55."

Jainam Mehta, market strategist, views Charter Communications’ price action as a battleground between short-term rebound efforts and persistent bearish pressure. He sees mixed momentum signals and notes the divergence between technical overbought readings and a still-neutral RSI. Mehta suggests tactically watching for a breakout above $121.53 to catch potential momentum-driven entries. He advises, "A decisive move above resistance could signal a contrarian rally, but caution is needed given the overbought setup."

Bearish long-term signals persist amid mixed short-term momentum

Charter Communications is trading above the 20-day moving average ($109.62), just below the 50-day ($121.53), and well beneath the 200-day moving average ($163.49). This configuration suggests near-term support and possible rebound attempts, but medium- and long-term technicals indicate ongoing pressure from previous losses, as the 50-to-200-day moving average spread confirms a bearish long-term outlook. Resistance is seen at $121.53, with support at $116.88. Momentum signals are mixed: MACD is neutral, ADX signals growing buy momentum, and RSI remains neutral. Stochastic RSI and CCI both reflect overbought conditions, signaling a risk of short-term correction, while Bull/Bear Power favors buyers. The most recent trade was at $121.5 after a downside gap, and intraday volatility is elevated, indicating upside attempts continue to meet resistance.

Earlier, analysts noted that Charter Communications was under prolonged technical pressure despite intermittent rebounds driven by company developments. The latest results and technical setup confirm that the prevailing scenario remains one of continued downside risk, with close attention warranted at the $121.53 resistance level for any sign of sustained reversal.

Source of Data: CHTR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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