CHTR Coils in TTM Squeeze at $207.16, Breakout Imminent
NeutralCharter Communications Inc (CHTR) closed down 0.63% at $207.16 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($207.05). The 21-day EMA sits at $207.57.
Momentum
RSI at 52.5 is in neutral territory but trending higher. MACD is bullish (-2.18 vs signal -3.48).
Volatility
Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $196.47, Resistance at $214.58.