CHUNGHWA TELECOM LT-SPON ADR (CHT)       39.49  +0.2 (+0.51%)

39.49  +0.2 (+0.51%)

US17133Q5027 - ADR - After market: 39.49 0 (0%)

Technical Rating

8

Taking everything into account, CHT scores 8 out of 10 in our technical rating. 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.



Both the short term and long term trends are positive. This is a very positive sign.
CHT is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 76% of 43 stocks in the same industry.
Looking at the yearly performance, CHT did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CHT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month CHT has a been trading in a tight range between 37.41 and 39.57.

Statistics

1 Month 3 Months 6 Months 12 Months 4.66% 7.98% 9.54% -11.28% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 70.15 32.9 - 44.91
CHT Weekly chart
CHT Daily chart

Support/Resistance Analysis


35.50

45.43
We found 3 important support areas.
  • A support zone ranging from 37.90 to 38.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @37.09 from a horizontal line in the weekly time frame.
  • Support @35.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 44.87 to 44.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although CHT has an excellent technical rating, it does not offer a high 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.


CHT Daily chart

CHUNGHWA TELECOM LT-SPON ADR39.49

NYSE:CHT (3/24/2023, 7:00:00 PM)+0.2 (+0.51%)

After market: 39.49 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
Today0.51%
1 Week2.84%
2 Weeks3.21%
1 Month4.66%
3 Month7.98%
6 Month9.54%
Volatility
ATR(14)0.43
ATR(20)%0.99%
ATR Inc13.86%
Range Today0.46
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.15
Mansfield0.17
10 Day High39.57
10 Day Low38.32
20 Day High39.57
20 Day Low37.41
52 Week High44.91
52 Week Low32.9
CS1 End38.84
CR1 Start44.87
Volume & EV
DER(3)0.05%
DER(5)0.33%
Volume129.59K
Volume Incr2.16%
Vol(5)140.57K
Vol(50)132.39K

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