CHARTER COMMUNICATIONS INC. - 1H - Technical analysis published on 07/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 469.75 USD
My targets
483.94 USD (+2.38%)
498.77 USD (+5.52%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHARTER COMMUNICATIONS INC. as long as the price remains well above 469.75 USD. The buyers' bullish objective is set at 483.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 498.77 USD. If there is any crossing, the next objective would be the resistance located at 514.21 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The CHARTER COMMUNICATIONS INC. price is 472.68 USD. The price registered an increase of +4.26% on the session and was between 453.63 USD and 476.45 USD. This implies that the price is at +4.20% from its lowest and at -0.79% from its highest.453.63
476.45
472.68
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHARTER COMMUNICATIONS INC. chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 447.93 | 461.71 | 469.75 | 472.68 | 483.94 | 498.77 | 514.21 |
| Change (%) | -5.24% | -2.32% | -0.62% | - | +2.38% | +5.52% | +8.79% |
| Change | -24.75 | -10.97 | -2.93 | - | +11.26 | +26.09 | +41.53 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 436.66 | 443.67 | 448.53 | 455.54 | 460.40 | 467.41 | 472.27 |
| Camarilla | 450.13 | 451.21 | 452.30 | 453.39 | 454.48 | 455.57 | 456.65 |
| Woodie | 435.59 | 443.13 | 447.46 | 455.00 | 459.33 | 466.87 | 471.20 |
| Fibonacci | 443.67 | 448.20 | 451.01 | 455.54 | 460.07 | 462.88 | 467.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 426.37 | 442.11 | 452.83 | 468.57 | 479.29 | 495.03 | 505.75 |
| Camarilla | 456.27 | 458.70 | 461.13 | 463.55 | 465.98 | 468.40 | 470.83 |
| Woodie | 423.86 | 440.86 | 450.32 | 467.32 | 476.78 | 493.78 | 503.24 |
| Fibonacci | 442.11 | 452.22 | 458.46 | 468.57 | 478.68 | 484.92 | 495.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 306.32 | 357.04 | 412.78 | 463.50 | 519.24 | 569.96 | 625.70 |
| Camarilla | 439.25 | 449.01 | 458.77 | 468.53 | 478.29 | 488.05 | 497.81 |
| Woodie | 308.84 | 358.30 | 415.30 | 464.76 | 521.76 | 571.22 | 628.22 |
| Fibonacci | 357.04 | 397.70 | 422.83 | 463.50 | 504.16 | 529.29 | 569.96 |
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): | 60.52 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 15.86 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 463.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 452.70 | |
| Elder Ray (13): | 8.78 | |
| Super Trend (3,10): | 457.31 | |
| Zig ZAG (10): | 473.45 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 88.52 | |
| TEMA (21): | 465.01 | |
| Williams %R (14): | -13.62 | |
| Chande Momentum Oscillator (20): | 7.46 | |
| Repulse (5,40,3): | 1.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.26 |
| MA7: | 469.94 | |
| MA20: | 458.03 | |
| MA50: | 466.86 | |
| MA100: | 512.74 | |
| MAexp7: | 467.15 | |
| MAexp20: | 464.28 | |
| MAexp50: | 464.97 | |
| MAexp100: | 464.45 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +3.20% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | -7.81% | |
| Price / MAexp7: | +1.18% | |
| Price / MAexp20: | +1.81% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +1.77% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on CHARTER COMMUNICATIONS INC. at the time of the generation of this analysis was as follows:
- Charter to Hold Webcast to Discuss Second Quarter 2022 Financial and Operating Results
- Charter to Participate in Credit Suisse Communications Conference
- Charter Extends Maturities and Increases Certain of Its Credit Facilities
- Charter to Participate in J.P. Morgan Global Technology, Media and Communications Conference
- Charter to Participate in MoffettNathanson Media & Communications Summit
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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