CHUNGHWA TELECOM LT-SPON ADR (CHT) Technical Analysis
NYSE:CHT • US17133Q5027
Current stock price
CHT Technical Rating and Analysis
Overall CHT gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CHT is only an average performer.
- CHT is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 66% of 37 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- When comparing the performance of all stocks over the past year, CHT turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
- CHT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHT is lagging the market.
- In the last month CHT has a been trading in a tight range between 41.84 and 44.12.
- Considerably lower volume is observed in the last couple of days.
CHT Weekly and Daily overview Charts
CHT Setup Rating and Analysis
CHT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 42.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CHT Support and Resistance Analysis
40.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.60 to 42.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.73 to 41.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 43.26 to 43.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong resistance @44.53 from a horizontal line in the daily time frame.
CHT 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 | UP | POSITIVE | The long term trend for CHT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHT is up. |
| ChartMill Relative Strength | 43.6 | NEUTRAL | CHT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CHT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.45 | NEUTRAL | The RSI value for CHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CHT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.7 | NEUTRAL | The Stochastics value for CHT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.45 | NEGATIVE | The low ADX value for CHT suggests a weak or negative trend. |
CHT Chart- and CandleStick Pattern Analysis
CHT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.41 | 42.86 | 0.55 (1.27%) | 25.00% |
| An entry @43.41. This is a Buy Stop order right above the resistance zone. | An exit @42.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.55 points, which is 1.27%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CHT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CHT Technicals: Chart, Performance Metrics, Trend & Indicators
43.15
-0.19 (-0.44%)
CHUNGHWA TELECOM LT-SPON ADR / CHT TA FAQ
What is the ChartMill technical rating of CHUNGHWA TELECOM LT-SPON ADR (CHT) stock?
ChartMill assigns a technical rating of 7 / 10 to CHT.
What is the trend direction for CHT stock?
The current trend direction for CHUNGHWA TELECOM LT-SPON ADR (CHT) is Bullish.
Can you provide the RSI signal for CHUNGHWA TELECOM LT-SPON ADR?
CHUNGHWA TELECOM LT-SPON ADR (CHT) has an RSI value of 52.4546. This indicates that the stock is currently neutral.
What is the MACD signal for CHT stock?
The MACD indicator for CHUNGHWA TELECOM LT-SPON ADR (CHT) has a value of 0.0126822, indicating a bearish trend.
Can you provide the short term momentum for CHUNGHWA TELECOM LT-SPON ADR?
The short term momentum for CHUNGHWA TELECOM LT-SPON ADR (CHT) is positive.