Charter Communications (CHTR) is a leading broadband connectivity company and cable operator which is reporting quarterly earnings on Friday. Let's check out the "speed" of the charts and indicators.
In the daily bar chart of CHTR, below, I see that the shares made lows in October and December. The stock has rallied to the declining 200-day moving average line. The 200-day line is likely to be tested and broken in the days ahead.
The On-Balance-Volume (OBV) line made a low in December and some minor improvement. The Moving Average Convergence Divergence (MACD) is bullish.
In the weekly Japanese candlestick chart of CHTR, below, I can see some positive clues. The shares are in a position to test and break the declining 40-week moving average line.
The weekly OBV line shows some improvement from October telling me of a shift towards more aggressive buying. The MACD oscillator is improving but remains below the zero line.
In this daily Point and Figure chart of CHTR, below, I can see a recent upside breakout with a $463 price target.
In this weekly Point and Figure chart of CHTR, below, a price target in the $607 area.
Bottom-line strategy: I have no special knowledge of what CHTR is going to report to shareholders on Friday but the past of least resistance appears to be higher.
