CHTR Stage 4 Downtrend Tests Deep Base Support after 48% Drop

Posted on by Eben@CANSLIM Research
CHTR daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

CHTR is trading at 145.74, locked in a Stage 4 declining phase below a falling 30-week moving average with the slope down 5.62% over six weeks. The market is focused on a faulty 56.4% deep base that has been building for 46 weeks, with price sitting 48.5% below its 52-week high and failing seven of eight trend template checks. Sentiment is bearish and defensive, with the deep base carrying an elevated failure rate and no valid VCP contraction sequence to support a breakout.

As of 2026-09-08 · Close $145.74

Stage 4 (Declining) — Price below a declining 30-week MA — downtrend (30-week MA 6-week slope: -5.62%)

⚠️ Faulty cup warning: the base is 56.4% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.

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