China Mobile Limited (CHL) Technical Analysis
NYSE:CHL • US15189T1079
Current stock price
CHL Technical Rating and Analysis
Taking everything into account, CHL scores 0 out of 10 in our technical rating. CHL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% of all other stocks performed better in the past year than CHL.
- CHL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CHL is lagging the market.
- CHL has an average volume of 3813230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CHL has a been trading in the 25.35 - 30.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CHL Weekly and Daily overview Charts
CHL Setup Rating and Analysis
The technical rating of CHL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CHL Support and Resistance Analysis
27.23
6 important resistance areas can be observed.
- A resistance zone ranging from 28.07 to 28.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.42 to 29.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.93 from a trend line in the daily time frame.
- Resistance @33.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 34.73 to 35.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @45.42 from a horizontal line in the weekly time frame.
CHL Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CHL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHL is down. |
| ChartMill Relative Strength | 2.92 | NEGATIVE | CHL has a low relative strength, it was outperformed by 97.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.4 | NEUTRAL | The RSI value for CHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CHL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.96 | NEUTRAL | The Stochastics value for CHL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for CHL suggests some volalility. |
CHL Chart- and CandleStick Pattern Analysis
CHL Technicals: Chart, Performance Metrics, Trend & Indicators
27.51
+1.41 (+5.4%)
China Mobile Limited / CHL TA FAQ
Can you provide the ChartMill technical rating for China Mobile Limited?
ChartMill assigns a technical rating of 0 / 10 to CHL.
What is the current trend direction of China Mobile Limited (CHL) stock?
The current trend direction for China Mobile Limited (CHL) is Bearish.
What is the RSI signal for China Mobile Limited (CHL) stock?
China Mobile Limited (CHL) has an RSI value of 44.3979. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for China Mobile Limited?
The buy/sell signal for China Mobile Limited (CHL) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CHL stock?
China Mobile Limited (CHL) has a resistance level at 28.07. Check the full technical report for our detailed analysis of CHL support and resistance levels.