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June 11 Chart of the Day - Crown Castle

Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our reviews

Crown Castle (CCI), an enterprise provider of shared communications infrastructure, is making headlines this week as it streamlines capital expenditures in its fiber segment, cuts jobs, revises guidance and yada yada yada...

The company's stock price has been free falling the past 18 months so we wanted to review their chart from a price action technical analysis perspective.

We have featured over 220 Charts of the Day during the past year and teach Price Action Trading for FREE  to traders who join our Highly Rated Trade Room.

Monthly Chart 

Crown Castle monthly price action technical analysis review

On the monthly chart we can see that after setting its $209.87 all time high (ATH) back in early 2022 price fell dramatically over time in search of a bottom and bounced around the $85 area in October 2023.  Since then price seemingly has been deciding whether or not to continue falling and make lower lows or turn back to the upside with more conviction.

Weekly Chart

Crown Castle weekly price action technical analysis review

 
On the weekly chart we can see with much more clarity the dramatic fall from ATHs and the relentless series of lower highs and lower lows.

Trading at $100.99 earlier today price has made a higher low once so far since bouncing around the $85 area which could indicate the down trend has ended. 

But, only time will tell for sure.

We've layered in traditional Fibonacci levels as well as support/resistance and trend to help identify potential price levels of interest and/or future price targets.

Armed with precision oriented charts like these both traders and investors can formulate their respective plans.

So what's next? 

We don't make predictions...

Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.

  1. Support/Resistance
  2. Trend
  3. Fibonacci 
  4. Supply/Demand Zones,
  5. Change Control Zones

ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.

Take a look at the charts and let us know what you think.  

We'd like to hear from you in the comments sections.

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