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 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month CHT has a been trading in the 43.74 - 47.03 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, CHT did better than 72% of all other stocks. We also observe that the gains produced by CHT over the past year are nicely spread over this period.
CHT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHT is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
CHT is an average performer in the Diversified Telecommunication Services industry, it outperforms 56% of 33 stocks in the same industry.
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.
More info and screens
35.15
47.43
6 important support areas can be observed.
- A support zone ranging from 43.83 to 44.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.16 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 37.61 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.88 to 46.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for CHT is down. |
| ChartMill Relative Strength | 72.55 | POSITIVE | CHT has a high relative strength, it outperformed 72.55% off all stocks 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) | UP | POSITIVE | The current price of CHT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.05 | NEUTRAL | The RSI value for CHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests CHT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.12 | OVERSOLD | The low Stochastics value suggests CHT may be oversold. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 30.87 | 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)
44.53
+0.26 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.59%
1 Week-2.15%
2 Weeks-4.73%
1 Month0.32%
3 Month10.52%
6 Month21.07%
12 Month21.97%
2 Year21.34%
3 Year10.85%
5 Year20.74%
10 Year43.41%
15 Year110.54%
Volatility
ATR(14)0.62
ATR(20)%1.36%
ATR Inc-46.78%
Range Today0.29
ADR(20)0.45
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.55
Mansfield0.38
10 Day High47.03
10 Day Low43.74
20 Day High47.03
20 Day Low43.74
52 Week High47.03
52 Week Low36.29
CS1 End44.33
CR1 Start46.88
Volume & EV
DER(3)3.13%
DER(5)2.71%
Volume146.20K
Volume Incr2.43%
Vol(5)140.52K
Vol(50)145.15K