CHUNGHWA TELECOM LT-SPON ADR (CHT) Stock Technical Analysis
NYSE:CHT - New York Stock Exchange, Inc. - US17133Q5027 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to CHT. Both in the recent history as in the last year, CHT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
CHT is currently making a new 52 week high. This is a strong signal. 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 39.13 - 44.44 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CHT did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CHT is an average performer in the Diversified Telecommunication Services industry, it outperforms 68% of 33 stocks in the same industry.
CHT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.37. Right above this resistance zone may be a good entry point.
More info and screens
35.15
44.86
When analyzing the support we can see 6 important areas.
- A support zone ranging from 40.64 to 41.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.98 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 37.44 to 37.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.38 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 44.37 to 44.42. 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 | UP | POSITIVE | The short term trend for CHT is up. |
| ChartMill Relative Strength | 85.16 | POSITIVE | CHT has a high relative strength, it outperformed 85.16% 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) | 67.94 | NEUTRAL | The RSI value for CHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CHT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.79 | OVERBOUGHT | The high Stochastics value suggests CHT may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for CHT suggests low volalility. |
| Average Directional Index/ADX (14) | 29.69 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.43 | 42.50 | 1.93 (4.34%) | 23.02% |
| An entry @44.43. This is a Buy Stop order right above the resistance zone. | An exit @42.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.93 points, which is 4.34%. | For a 1.00% total portfolio risk, you can invest 23.02% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.36
-0.05 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-0.11%
1 Week1.58%
2 Weeks3.4%
1 Month13.6%
3 Month13.66%
6 Month16.74%
12 Month12.79%
2 Year8.41%
3 Year3.16%
5 Year19.79%
10 Year40.07%
15 Year132.74%
Volatility
ATR(14)0.69
ATR(20)%1.81%
ATR Inc-52.79%
Range Today0.26
ADR(20)0.61
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.16
Mansfield1.22
10 Day High44.44
10 Day Low42.51
20 Day High44.44
20 Day Low39.14
52 Week High44.44
52 Week Low35.92
CS1 End41.1
CR1 Start44.37
Volume & EV
DER(3)0.46%
DER(5)0.6%
Volume109.70K
Volume Incr-38.24%
Vol(5)108.38K
Vol(50)154.13K