- The weekly chart of Crown Castle Inc. (CCI) shows a potential reversal after a prolonged downtrend. - A breakout above the descending trendline and consolidation above $110.85 (0.786 Fibonacci) could signal the start of an upward movement. - Key Resistance Levels: $132.06 – $146.95 – $161.85 – $180.28 – $210.07. - Key Support Zone: $83.83 - $90. - CCI and RSI indicators confirm improving sentiment.
A sustained breakout above $110-112 could lead to mid-term growth.
Fundamental Analysis
Crown Castle is one of the largest telecommunications infrastructure operators in the US.
- Stable revenues due to long-term contracts with telecom providers. - Dividend yield of ~6%, making it attractive for long-term investors. - 5G expansion and IoT growth create long-term opportunities.
Risks: High debt burden, interest rate impact, and competition with American Tower. CCI has growth potential if it breaks above the $110-112 zone. However, macroeconomic risks remain relevant.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.