Charter Communications, Inc. (CHTR) stock deepened its losses during its latest intraday trading, under continued negative pressure from trading below the 50-day SMA. The latest decline confirms a break below a short-term minor ascending trendline, adding to the bearish outlookespecially with negative signals continuing to appear on the Stochastic, despite the indicator reaching extremely oversold levels.

Based on this, we expect the stock to decline in upcoming trading as long as it remains below the $399.50 resistance level, targeting the key support at $370.55.

Todays price forecast: Bearish