CHUNGHWA TELECOM LT-SPON ADR (CHT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHT - US17133Q5027 - ADR
We assign a technical rating of 1 out of 10 to CHT. CHT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CHT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 43.07. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CHT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
35.75
We found 1 important support area.
- A support zone ranging from 36.11 to 36.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.07 to 43.43. 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 | DOWN | NEGATIVE | The long term trend for CHT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHT is down. |
| ChartMill Relative Strength | 59.68 | NEUTRAL | CHT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHT is below 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) | 38.76 | NEUTRAL | The RSI value for CHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CHT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.11 | NEUTRAL | The Stochastics value for CHT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 30.51 | POSITIVE | The high ADX value value for CHT suggests a strong trend. |
41.86
-0.03 (-0.07%)
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 1 / 10 to CHT.
What is the current trend direction of CHUNGHWA TELECOM LT-SPON ADR (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 38.7621. This indicates that the stock is currently neutral.
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 negative.
What is the buy/sell signal for CHT stock?
The buy/sell signal for CHUNGHWA TELECOM LT-SPON ADR (CHT) is sell as both the short term and long term trends are negative.