CHARTER COMMUNICATIONS INC. - 1H - Technical analysis published on 05/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 515.42 USD
My targets
487.37 USD (-2.02%)
480.04 USD (-3.50%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHARTER COMMUNICATIONS INC. as long as the price remains well below 515.42 USD. The sellers” bearish objective is set at 487.37 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 480.04 USD. In case of crossing, the next objective would be the support located at 462.16 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
4.6
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This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHARTER COMMUNICATIONS INC. rating is 497.44 USD. On the day, this instrument lost -0.17% and was traded between 489.27 USD and 502.06 USD over the period. The price is currently at +1.67% from its lowest and -0.92% from its highest.489.27
502.06
497.44
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of CHARTER COMMUNICATIONS INC. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 462.16 | 480.04 | 487.37 | 497.44 | 515.42 | 542.46 |
| Change (%) | -7.09% | -3.50% | -2.02% | - | +3.61% | +9.05% |
| Change | -35.28 | -17.40 | -10.07 | - | +17.98 | +45.02 |
| Level | Minor | Major | Major | - | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 474.32 | 480.99 | 489.65 | 496.32 | 504.98 | 511.65 | 520.31 |
| Camarilla | 494.08 | 495.49 | 496.90 | 498.30 | 499.71 | 501.11 | 502.52 |
| Woodie | 475.31 | 481.49 | 490.64 | 496.82 | 505.97 | 512.15 | 521.30 |
| Fibonacci | 480.99 | 486.85 | 490.47 | 496.32 | 502.18 | 505.80 | 511.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 475.49 | 486.05 | 500.67 | 511.23 | 525.85 | 536.41 | 551.03 |
| Camarilla | 508.36 | 510.66 | 512.97 | 515.28 | 517.59 | 519.90 | 522.20 |
| Woodie | 477.51 | 487.07 | 502.69 | 512.25 | 527.87 | 537.43 | 553.05 |
| Fibonacci | 486.05 | 495.67 | 501.62 | 511.23 | 520.85 | 526.80 | 536.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 331.63 | 372.51 | 433.87 | 474.75 | 536.11 | 576.99 | 638.35 |
| Camarilla | 467.11 | 476.49 | 485.86 | 495.23 | 504.60 | 513.97 | 523.35 |
| Woodie | 341.87 | 377.63 | 444.11 | 479.87 | 546.35 | 582.11 | 648.59 |
| Fibonacci | 372.51 | 411.57 | 435.69 | 474.75 | 513.81 | 537.93 | 576.99 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.70 | |
| MACD (12,26,9): | -3.8800 | |
| Directional Movement: | -2.95 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 493.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 489.31 | |
| Elder Ray (13): | 0.60 | |
| Super Trend (3,10): | 506.87 | |
| Zig ZAG (10): | 497.44 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 48.94 | |
| TEMA (21): | 492.09 | |
| Williams %R (14): | -36.27 | |
| Chande Momentum Oscillator (20): | -1.41 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 3.88 |
| MA7: | 505.99 | |
| MA20: | 503.44 | |
| MA50: | 467.23 | |
| MA100: | 488.54 | |
| MAexp7: | 495.74 | |
| MAexp20: | 498.88 | |
| MAexp50: | 503.74 | |
| MAexp100: | 502.48 | |
| Price / MA7: | -1.69% | |
| Price / MA20: | -1.19% | |
| Price / MA50: | +6.47% | |
| Price / MA100: | +1.82% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -1.00% |
News
The last news published on CHARTER COMMUNICATIONS INC. at the time of the generation of this analysis was as follows:
- WarnerMedia and Charter Communications Announce Distribution Agreement for HBO Max
- Advance/Newhouse Notifies Charter of Intent to Establish Credit Facility Collateralized by Stake in Charter Communications Holdings, LLC
- Charter Closes $1.2 Billion Senior Unsecured Notes
- Charter Closes $1.3 Billion Senior Secured Notes
- Charter to Participate in UBS Global TMT Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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