
Technical analysis of CTBC Financial Holding Co., Ltd. (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
CTBC Financial Holding Co., Ltd. (2891.TW) is a financial holding company headquartered in Taipei, Taiwan, founded in 2002 and operating across Taiwan, Asia, and North America. Through its subsidiaries, the company is active in commercial banking, life insurance, wealth management, and capital markets. It also provides personal and corporate finance, fund management, leasing, and a range of other diversified financial services.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 3, 2026, computed on the last 12 months of prices.
21 sessions
65.61
+4.25%
50 sessions
65.37
+4.63%
200 sessions
54.81
+24.80%
s2
65.57
Support
s1
66.53
Support
pivot
67.27
Pivot
r1
68.23
Resistance
r2
68.97
Resistance
In the September 3, 2026 session CTBC Financial Holding Co., Ltd. closed higher at 68.40 , +1.33% versus the previous session.
The price sits above every moving average observed: +4.25% against the 21-session average, +4.63% against the 50 and +24.80% against the 200.
The 14-period RSI reads 63.8, in neutral territory.
MACD stands at 0.526 against a signal line at 0.171: the histogram is positive (+0.355).
ADX reads 19.3, indicating weak directionality.
Levels computed on the latest session place supports at 66.53 and 65.57 and resistances at 68.23 and 68.97 , around a pivot of 67.27.
The average daily range (ATR) is 1.664 , or 2.43% of price.
Turnover was 29M shares, 93% of the 20-session average.
Over the last twelve months the price ranged between 48.60 and 70.97 , and today stands −3.62% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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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.
How is a stock like 2891.TW analyzed technically?
The technical analysis of a financial stock like 2891.TW involves studying historical price charts and trading volumes to identify trends, support levels, and resistance levels. Common tools include moving averages, oscillators, and momentum indicators.
Which timeframes are most commonly used in the technical analysis of a stock like this?
Traders and technical analysts typically observe multiple timeframes simultaneously: the daily chart for medium-term trends, the weekly chart for long-term direction, and intraday charts (e.g., 15 or 60 minutes) for shorter-term activity. Multi-timeframe analysis helps contextualize technical signals.
What are Elliott Waves and how are they applied to a stock like 2891.TW?
Elliott Wave Theory is a technical analysis method suggesting that market prices move in repetitive wave sequences, consisting of five impulse waves in the direction of the trend and three corrective waves. When applied to 2891.TW, this framework is used to attempt to identify the current phase of the price cycle, without implying any certain forecast.
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