Chunghwa Telecom Co., Ltd. technical analysis
Technical analysis of Chunghwa Telecom Co., Ltd. (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Chunghwa Telecom Co., Ltd.
Chunghwa Telecom Co., Ltd. (2412.TW) is an integrated telecommunications service provider headquartered in Taipei City, Taiwan, with operations also at the international level. The company operates through Consumer Business, Enterprise Business, International Business, and Others segments, offering mobile, fixed-line, ICT services, and device sales. Its portfolio includes prepaid and postpaid plans, broadband access, leased lines, cloud services, and network security solutions.
Description generated automatically from public sources; it may be inaccurate or out of date.
Chunghwa Telecom Co., Ltd.: latest session data
Closing values for October 20, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
147.57
+4.36%
50 sessions
141.93
+8.50%
200 sessions
134.67
+14.35%
Session levels
s2
150.50
Support
s1
152.50
Support
pivot
154.00
Pivot
r1
156.00
Resistance
r2
157.50
Resistance
How to read it
In the October 20, 2026 session Chunghwa Telecom Co., Ltd. closed lower at 154.00 , −0.32% versus the previous session.
The price sits above every moving average observed: +4.36% against the 21-session average, +8.50% against the 50 and +14.35% against the 200.
The 14-period RSI reads 82.7, in overbought territory.
MACD stands at 3.329 against a signal line at 2.675: the histogram is positive (+0.654).
ADX reads 53.1, indicating a marked directionality.
Levels computed on the latest session place supports at 152.50 and 150.50 and resistances at 156.00 and 157.50 , around a pivot of 154.00.
The average daily range (ATR) is 2.269 , or 1.47% of price.
Turnover was 8.5M shares, 84% of the 20-session average.
Over the last twelve months the price ranged between 129.97 and 155.50 , and today stands −0.96% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Chunghwa Telecom Co., Ltd.
Which technical indicators are commonly used to analyze a stock like 2412.TW?
For a listed stock such as Chunghwa Telecom, analysts typically use trend indicators (such as moving averages and MACD), momentum indicators (such as RSI), and volume analysis to identify the direction and strength of price movements over time.
On which timeframes should technical analysis of an equity be observed?
Technical analysis can be applied across multiple timeframes: the daily chart is often used for a medium-term perspective, the weekly chart for a longer-term view, while intraday charts (hourly or 15-minute) are useful for short-term analysis.
What are Elliott Waves and how are they applied to a stock like 2412.TW?
Elliott Wave theory is a technical analysis method that identifies recurring price cycles, consisting of five waves in the direction of the main trend and three corrective waves; applied to any equity, it helps to hypothesize impulse and corrective phases in the price over time.
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