Charter Communications, Inc (CHTR) stock declined in its latest intraday trading under continued negative pressure from trading below the previous 50-day SMA. The main short-term bearish trend remains dominant, with trading along a descending line that reinforces this direction. In addition, a bearish crossover has started to appear on the relative strength indicators after the stock successfully corrected its earlier oversold levels, increasing the overall negative pressure surrounding it.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $254.65 holds, targeting the support level of $213.40.

Todays stock forecast: Bearish.