CHTR stock: buy or sell

CHTR stock price: $646.69 -0.58% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

1

CHTR stock brief

  • Charter closed last Friday at $646.69 after merely changing a -0.58% breaking a streak of 5 sessions in positive.
  • Looking at the chart, price is drawing an scaled downtrend since early December with lower tops and lower bottoms. this downtrend marked a -5.14% loss(from its highs at $681.71).
  • Charter Communications, Inc., through its subsidiaries, provides cable services to residential and commercial customers in the United States.

Should I buy Charter stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

In the current situation of Charter there is not any eligible buy setup. This doesn't mean we expect a selloff for $CHTR in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Charter stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Similarly to when we have to buy shares, choosing when is appropiate time to sell is not a whimsy decision, and we must follow our own trading strategy. Our trading system selects very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for selling short Charter stock

A golden rule is that you should not mantain an open trade that shows a higher than expected losses at the time of the buy. When to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Charter stock?

In the current situation of Charter there is not any eligible sell setup, so Charter stock holders with operations in green can keep their positions

Charter ratings

In the last month, 3 ratings were published for Charter. General sentiment is bullish, with 3 out of 3 posting positive outlooks

Charter analysts' ratings - Last 30 days
Brokerage firmRating
Jan 7th, 2021
Evercore ISI Buy
Raymond James Buy
Jan 15th, 2021
KeyCorp Buy

Charter stock analysis

Charter continues in downtrend since early December, and has lost a -5.14%. The stock plotted 2 consecutive lower tops.

SMAs overview

CHTR stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $663.70 (2.63% above)
  • R2: $668.00 (3.30% above)
  • R3: $681.71 (5.42% above)
  • The current supports are:

  • S1: $634.47 (-1.89% below)
  • S2: $629.52 (-2.66% below)
  • S3: $610.89 (-5.54% below)
  • Bollinger bands

    Since the price broke down the lower band on January 13, the price bounced off by 5.18%

    CHTR stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really helping us to make any decisions.

    CHTR stock RSI chart

    Charter stock price history

    Charter started trading priced at an adjusted price1 of $35.00 on Jan 2010. Since then, CHTR stock surged by 1,747.69%, with an average of 158.88% per year. If you had invested $1,000USD in Charter stock on Jan 2010, it would have a value of $18,476.86 today.

    1: Adjusted price after possible price splits or reverse-splits

    CHTR stock price history chart

    Price target for Charter stock

    Nobody can predict how much a stock will be priced tomorrow. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts posted by analysts in the last 30 days. If you are a small investor you don't have to buy or sell based on these predictions.

    The average price target for Charter stock calculated from the table below is $730.50. Charter closed at $646.69 last Friday, that is a 11.47% than the target price.

    Charter stock price predictions
    Brokerage firmPrice target
    Jan 7th, 2021
    Evercore ISI Not available
    Raymond James $650.00$690.00
    Jan 15th, 2021
    KeyCorp $725.00$771.00

    Earnings and financials

    Last October, Charter Communications, Inc. ($CHTR) posted EPS for that significantly uplifted Wall St. expectations. Quarterly EPS was $3.90 per share from an estimated $3.03. This Q3 report means an earnings surprise of 28.71%. On the contrary, reported sales were $12.0 billion, aligned with analysts' estimates.

    This compares to Earnings of $1.74 per share a year ago, so current EPS means an improvement of 124.14%. Turnover inched a 5.14% on an annualized basis in the , from $114.5B to $120.4B last quarter.

    CHTR ($CHTR) posts quarterly earnings report on Friday. Forecasted for this quarter is $4.89, compared to $3.90 that was reported for Q3.

    Earnings reporting day has an additional risk for investors as the information disclosed can jump up or down the price with exceptionally low volume and not honouring your buy/stop-loss orders. Charter's website probably has further information.

    Charter performance

    CHTR performance compared
    Company1m3m6m
    Charter ($CHTR) -1.10% 6.90% 15.80%

    Important note:
    The opinions written in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have an understanding of the particular scenarios 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 provided for informational reasons only

    CHTR summary

    Friday, January 22nd, 2021
    Open$649.45
    Close$646.69
    Day range$642.77 - $651.89
    Previous close$650.43
    Session gain-0.58%
    Average true range$20.44
    50d mov avg$646.90
    100d mov avg$631.61
    200d mov avg$585.35
    Earnings dateJanuary 29th, 2021

    Frequently asked questions

    What is Charter stock symbol?

    Charter Communications, Inc. is a public company trading in the US stock market with the CHTR symbol

    Is Charter stock a buy or sell?

    Charter received 3 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will CHTR go up?

    Charter had different price forecasts issued by analysts in the last 4 weeks setting the target price to $730.50. That is a 12.96% than the current price ($646.69).