Technical Analysis

Comprehensive Technical Analysis of CHT Stock

Price Overview:

• Current Price: 39.17
• High: 39.39
• Low: 39.12
• Volume: 94,692

Technical Indicators:

• RSI:

  • RSI 6: 59.81
  • RSI 12: 58.48
  • RSI 14: 58.18
  • Analysis: RSI values are below 70, indicating the stock is not overbought.

• Stochastic Oscillator:

  • %K: 78.42
  • %D: 75.14
  • Analysis: The stock is in overbought territory, suggesting a potential pullback.

• MACD:

  • MACD Line: 0.21
  • Signal Line: 0.01
  • Analysis: The MACD line is slightly above the signal line, indicating a bullish signal.

• Bollinger Bands:

  • The price is near the upper band, suggesting overbought conditions.

• Fibonacci Levels:

  • R1: 39.37
  • R2: 39.60
  • S1: 38.64
  • S2: 38.41
  • Analysis: The stock is approaching the first resistance level (R1).

Moving Averages:

• SMA 5: 39.13
• SMA 10: 39.03
• SMA 20: 38.83
• SMA 60: 38.30
• SMA 200: 38.27
• SMA 250: 38.33
• Analysis: The stock is trading above all major SMAs, indicating a bullish trend.

News Sentiment:

• Recent Q4 results show revenue and EBITDA increases, but returns fell short of benchmark expectations, leading to a "Hold" rating.

Conclusion:

The stock is in a bullish trend but shows signs of overbought conditions. The price is near resistance, and the Stochastic Oscillator suggests a potential pullback.

Recommendation: Sell at the current level, as the stock is overbought and approaching resistance. Target price: 38.50.