CHUNGHWA TELECOM LT-SPON ADR (CHT) Stock Technical Analysis
NYSE:CHT - New York Stock Exchange, Inc. - US17133Q5027 - ADR - Currency: USD
Taking everything into account, CHT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CHT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CHT is leading the market.
In the last month CHT has a been trading in the 43.14 - 46.33 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CHT is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CHT is part of the Diversified Telecommunication Services industry. There are 33 other stocks in this industry, CHT did better than 62% of them.
Although CHT has an excellent technical rating, it does not present a decent entry opportunity 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
35.15
46.64
We found 7 important support areas.
- A support zone ranging from 44.43 to 44.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 42.46 to 43.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.65 from a trend line in the weekly time frame.
- A support zone ranging from 38.41 to 39.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.54 to 37.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.40 from a horizontal line in the weekly time frame.
- Support @35.50 from a horizontal line in the weekly 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 | 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 | 84.9 | POSITIVE | CHT has a high relative strength, it outperformed 84.9% off all stocks 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) | UP | POSITIVE | The current price of CHT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.32 | OVERBOUGHT | The high RSI value suggests CHT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CHT has a positive trend. |
| Stochastics (14,3) | 90.91 | OVERBOUGHT | The high Stochastics value suggests CHT may be overbought. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 33.17 | POSITIVE | The high ADX value value for CHT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.18
+0.37 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.81%
1 Week4.03%
2 Weeks6.63%
1 Month5.46%
3 Month17.99%
6 Month22.79%
12 Month20.01%
2 Year23.84%
3 Year11.95%
5 Year17.3%
10 Year44.67%
15 Year134.54%
Volatility
ATR(14)0.57
ATR(20)%1.15%
ATR Inc-29.57%
Range Today0.32
ADR(20)0.44
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.9
Mansfield1.3
10 Day High46.33
10 Day Low43.14
20 Day High46.33
20 Day Low43.14
52 Week High46.33
52 Week Low35.92
CS1 End44.94
CR1 StartN/A
Volume & EV
DER(3)1.56%
DER(5)1.5%
Volume96.30K
Volume Incr76.79%
Vol(5)202.90K
Vol(50)154.85K