CHTR stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| 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
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on January 13, the price bounced off by 5.18%
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.
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
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.
| Brokerage firm | Price 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 $3.90 that was reported for Q3.
Earnings reporting day has an additional risk for investors as the information disclosed can jump up or down the price with exceptionally low volume and not honouring your buy/stop-loss orders. Charter's website probably has further information.
Charter performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Charter ($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 onlyCHTR 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 date | January 29th, 2021 |