CHINA TELECOM CORP LTD ADS - Daily - Technical analysis published on 10/14/2019 (GMT)
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- Timeframe : Daily
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- Status : NEUTRAL
CHINA TELECOM CORP LTD ADS Chart
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Neutral
Technical indicators
72%
0%
28%
My opinion
Neutral between 45.98 USD and 47.76 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 47.76 USD. The first support is located at 45.98 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CHINA TELECOM CORP LTD ADS.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
The CHINA TELECOM CORP LTD ADS price is 46.27 USD. The price is lower by -1.68% since the last closing and was between 46.23 USD and 46.62 USD. This implies that the price is at +0.09% from its lowest and at -0.75% from its highest.46.23
46.62
46.27
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of CHINA TELECOM CORP LTD ADS indicates that the overall trend is not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.61 | 44.49 | 45.98 | 46.27 | 47.76 | 50.29 | 52.30 |
| Change (%) | -7.91% | -3.85% | -0.63% | - | +3.22% | +8.69% | +13.03% |
| Change | -3.66 | -1.78 | -0.29 | - | +1.49 | +4.02 | +6.03 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.35 | 46.55 | 46.81 | 47.01 | 47.27 | 47.47 | 47.73 |
| Camarilla | 46.93 | 46.98 | 47.02 | 47.06 | 47.10 | 47.14 | 47.19 |
| Woodie | 46.37 | 46.57 | 46.83 | 47.03 | 47.29 | 47.49 | 47.75 |
| Fibonacci | 46.55 | 46.73 | 46.84 | 47.01 | 47.19 | 47.30 | 47.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.64 | 45.19 | 46.12 | 46.67 | 47.61 | 48.16 | 49.09 |
| Camarilla | 46.65 | 46.79 | 46.92 | 47.06 | 47.20 | 47.33 | 47.47 |
| Woodie | 44.83 | 45.28 | 46.32 | 46.77 | 47.80 | 48.25 | 49.29 |
| Fibonacci | 45.19 | 45.75 | 46.10 | 46.67 | 47.24 | 47.59 | 48.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.95 | 42.16 | 43.87 | 46.08 | 47.79 | 50.00 | 51.71 |
| Camarilla | 44.49 | 44.85 | 45.21 | 45.57 | 45.93 | 46.29 | 46.65 |
| Woodie | 39.69 | 42.04 | 43.61 | 45.96 | 47.53 | 49.88 | 51.45 |
| Fibonacci | 42.16 | 43.66 | 44.59 | 46.08 | 47.58 | 48.51 | 50.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.19 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 5.11 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 46.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.03 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 45.26 | |
| Zig ZAG (10): | 46.24 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 79.10 | |
| TEMA (21): | 46.37 | |
| Williams %R (14): | -43.36 | |
| Chande Momentum Oscillator (20): | 1.16 | |
| Repulse (5,40,3): | -0.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.56 |
| MA7: | 46.25 | |
| MA20: | 45.85 | |
| MA50: | 45.28 | |
| MA100: | 46.88 | |
| MAexp7: | 46.25 | |
| MAexp20: | 45.99 | |
| MAexp50: | 46.02 | |
| MAexp100: | 46.87 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +2.19% | |
| Price / MA100: | -1.30% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | -1.28% |
News
Don"t forget to follow the news on CHINA TELECOM CORP LTD ADS. At the time of publication of this analysis, the latest news was as follows:
- China Telecom Voted as "Most Honored Companies in Asia" by Institutional Investor for the Ninth Consecutive Year
- China Telecom Honored with "The Best of Asia - Icon on Corporate Governance" and Awards in IR, CSR and Other Aspects
- China Telecom and Huawei Jointly Release 5G Super Uplink Innovation Solution
- NetLinkz announces China revenue from China Telecom Wuxi Pilot
- NetLinkz announces China revenue from China Telecom Wuxi Pilot
This member declared not having a position on this financial instrument or a related financial instrument.
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