CHUNGHWA TELECOM LT-SPON ADR (CHT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHT - US17133Q5027 - ADR
Overall CHT gets a technical rating of 4 out of 10. CHT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
CHT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.89, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
40.32
We found 1 important support area.
- A support zone ranging from 40.73 to 41.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 42.12 to 43.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.53 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CHT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHT is up. |
| ChartMill Relative Strength | 51.92 | 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) | DOWN | MIXED | The current price of CHT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CHT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.09 | NEUTRAL | The RSI value for CHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CHT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.9 | OVERBOUGHT | The high Stochastics value suggests CHT may be overbought. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for CHT suggests a possible start of a new trend. |
41.91
-0.51 (-1.2%)
CHUNGHWA TELECOM LT-SPON ADR / CHT FAQ
What is the ChartMill technical rating of CHUNGHWA TELECOM LT-SPON ADR (CHT) stock?
ChartMill assigns a technical rating of 4 / 10 to CHT.
What is the trend direction for CHT stock?
The current trend direction for CHUNGHWA TELECOM LT-SPON ADR (CHT) is Bearish.
What is the RSI signal for CHUNGHWA TELECOM LT-SPON ADR (CHT) stock?
CHUNGHWA TELECOM LT-SPON ADR (CHT) has an RSI value of 53.0896. This indicates that the stock is currently neutral.
What is the short term momentum for CHUNGHWA TELECOM LT-SPON ADR (CHT) stock?
The short term momentum for CHUNGHWA TELECOM LT-SPON ADR (CHT) is positive.