CHUNGHWA TELECOM LT-SPON ADR (CHT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CHT • US17133Q5027
Taking everything into account, CHT scores 2 out of 10 in our technical rating. 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.
- CHT is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 62% of 36 stocks in the same industry do better.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, CHT outperforms 49% of them, which is more or less in line with the market.
- CHT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHT is lagging the market.
- In the last month CHT has a been trading in a tight range between 41.20 and 43.08.
- Volume is considerably higher in the last couple of days.
CHT has a bad 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 support zone below the current price at 41.78, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.32
We found 1 important support area.
- A support zone ranging from 40.73 to 41.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 41.89 to 43.31. 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 | NEUTRAL | NEUTRAL | The long term trend for CHT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHT is down. |
| ChartMill Relative Strength | 49.54 | 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) | UP | POSITIVE | The current price of CHT is above the rising 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) | 46.43 | NEUTRAL | The RSI value for CHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CHT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.74 | NEUTRAL | The Stochastics value for CHT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.86 | NEGATIVE | The low ADX value for CHT suggests a weak or negative trend. |
41.8
+0.23 (+0.55%)
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 2 / 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 46.4294. 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 negative.