CHTR stock: buy or sell
Updated on:
May 17th, 2021
2
CHTR stock brief
- Charter exploded a 3.66% after reaching new all-time highs last Friday
- The price is currently above the upper Bollinger band, which is usually an indicator of a short-term correction
- Raymond James published a bullish rating for Charter last Thursday, forecasting $720.00
- Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States.
Should I buy Charter stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CHTR stock a buy?
Currently, Charter stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $CHTR in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Charter stock?
"To sell or not to sell", if you are holding Charter shares?. Trading strategies give us the ability us to avoid impetuous decisions based on our feelings or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for selling short $CHTR stock
A guiding principle is that you should not mantain an open trade that shows a greater losses than those expected at the time of purchase. The moment to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Charter stock?
Currently, Charter stock doesn't match any of our preferred sell setups, so if you hold Charter shares and your operation is in profit probably is not time to sell now
Charter ratings
In the last 30 days, 19 brokerage ratings were published for Charter. General sentiment is bullish, with 15 out of 19 publishing optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Apr 20th, 2021 | |
| Morgan Stanley | Buy |
| Apr 26th, 2021 | |
| Morgan Stanley | Buy |
| May 3rd, 2021 | |
| Credit Suisse Group | Buy |
| Deutsche Bank Aktiengesellschaft | |
| Morgan Stanley | Buy |
| Royal Bank of Canada | |
| TD Securities | Neutral |
| Truist | Neutral |
| Truist Securities | |
| Wells Fargo & Company | Buy |
| May 7th, 2021 | |
| Raymond James | Buy |
| May 10th, 2021 | |
| Credit Suisse Group | Buy |
| Deutsche Bank Aktiengesellschaft | |
| Morgan Stanley | Buy |
| Truist Securities | |
| Wells Fargo & Company | Buy |
| May 11th, 2021 | |
| TD Securities | Neutral |
| May 12th, 2021 | |
| Argus | |
| May 13th, 2021 | |
| Raymond James | Buy |
Charter stock analysis
Charter stock started an uptrend last February, and grew an amazing 21.34%. The price line shows rising highs and lows, and along the way provided very few entry points for those who wanted to invest. Latest pullback was in early April, when price bounced at $600.16. In late April, Charter broke out above its last top ($657.84) offering a good buying opportunity
$CHTR at All-time Highs
Last Friday, Charter marked new all-time highs (ATH) again at $712.41. Stock rallied fast in the last 2 weeks, hiting new all-time highs 3 times
SMAs overview
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current supports are:
Bollinger bands
Price readings above or below the Bollinger Bands indicate that the price has has trended strongly to extreme highs or lows. At this point, the price is over the upper band, meaning a short-term correction (at least) until it is under the band
Relative strength index
Crossed over the overbought line last Friday, marking a reading of 75.27. Breaking out above the level of 70 is not a sell signal, as shares can climb during several weeks being above 70
Charter stock price history
Charter IPO was on Jan 5th, 2010 at $35.00 per share1. Since then, CHTR stock surged by 1,929.71%, with an average of 175.43% per year. An investment of $1,000USD on the IPO would have a value of $20,297.14 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Charter stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and many times. Again, these forecasts are not direct recommendations for individual traders and should not be followed blindly.
There are 19 price predictions posted for Charter that average $753.00. That is a 6.00% than the last price ($710.40).
| Brokerage firm | Price target |
|---|---|
| Apr 20th, 2021 | |
| Morgan Stanley | $770.00 → $730.00 |
| Apr 26th, 2021 | |
| Morgan Stanley | $770.00 → $730.00 |
| May 3rd, 2021 | |
| Credit Suisse Group | $724.00 → $780.00 |
| Deutsche Bank Aktiengesellschaft | $725.00 → $770.00 |
| Morgan Stanley | $730.00 → $750.00 |
| Royal Bank of Canada | $570.00 → $660.00 |
| TD Securities | $660.00 → $740.00 |
| Truist | $700.00 → $750.00 |
| Truist Securities | $700.00 → $750.00 |
| Wells Fargo & Company | $763.00 → $816.00 |
| May 7th, 2021 | |
| Raymond James | $690.00 → $720.00 |
| May 10th, 2021 | |
| Credit Suisse Group | $724.00 → $780.00 |
| Deutsche Bank Aktiengesellschaft | $725.00 → $770.00 |
| Morgan Stanley | $730.00 → $750.00 |
| Truist Securities | $700.00 → $750.00 |
| Wells Fargo & Company | $763.00 → $816.00 |
| May 11th, 2021 | |
| TD Securities | $740.00 → $750.00 |
| May 12th, 2021 | |
| Argus | $700.00 → $775.00 |
| May 13th, 2021 | |
| Raymond James | $690.00 → $720.00 |
Earnings and financials
Charter ($CHTR) hosted the financial call and presented the report in late April. CHTR posted earnings of $4.11 per share on sales of $12.5 billion. The Wall St estimate was $4.26 per share on revenue of $12.5 billion.
Compared to the same quarter last year, EPS was $1.86, so reported EPS is a increase of 120.97%. Revenue inched a 6.68% on an annualized basis in the , from $117.4B to $125.2B last quarter.CHTR ($CHTR) is presenting earnings report next July. Wall Street expects of $4.79, compared to previous quarter that was $4.11.
Charter performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Charter ($CHTR) | 11.50% | 16.60% | 11.10% |
Important:
The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the individual situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for general educational purposes onlyCHTR summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $691.18 |
| Close | $710.4 |
| Day range | $685.13 - $712.41 |
| Previous close | $685.3 |
| Session gain | 3.66% |
| Average true range | $17.32 |
| 50d mov avg | $642.83 |
| 100d mov avg | $634.98 |
| 200d mov avg | $629.08 |
| Earnings date | July 30th, 2021 |