CHUNGHWA TELECOM LT-SPON ADR (CHT) Technical Analysis
NYSE:CHT • US17133Q5027
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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 59% of all stocks.
- CHT is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry, CHT did better than 50% of them.
- CHT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHT is lagging the market slightly.
- In the last month CHT has a been trading in a tight range between 42.04 and 43.87.
CHT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 43.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.54, a Stop Loss order could be placed below this zone.
More info and screens
40.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 41.89 to 42.54. 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 41.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 43.05 to 43.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CHT is neutral. |
| ChartMill Relative Strength | 59.58 | NEUTRAL | CHT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHT is below 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 | NEGATIVE | The current price of CHT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.2 | NEUTRAL | The RSI value for CHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CHT has a negative trend. |
| Stochastics (14,3) | 46.12 | NEUTRAL | The Stochastics value for CHT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 17.09 | NEGATIVE | The low ADX value for CHT suggests a weak or negative trend. |
CHT Technicals: Chart, Performance Metrics, Trend & Indicators
42.66
-0.23 (-0.54%)
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 47.1998. 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 neutral.