2412:TWSEChunghwa Telecom Co., Ltd. analysis

The moving-average structure behind Chunghwa Telecom Co., Ltd. is bullish at TWD 145.00, with short-term averages leading the long-term ones. Over a rolling month the price has gained 6.6%. Momentum indicators put RSI at 72.4 (overbought) with MACD reading bullish. The recent range runs from support at TWD 135.00 up to resistance at TWD 146.00.
On valuation the read is overvalued — earnings multiple of 28.5 versus a 15.6 sector average, above the peer group. The average analyst target implies 5.9% below today's level. Revenue is growing at 8.2% on a 16.1% profit margin. The 3.59% dividend yield looks covered by current payout levels.
The composite risk read is 3/10, putting it in low territory. With 30-day volatility of 8.7%, a beta of 0.04 and a maximum drawdown of 9.2%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Timeframes disagree: the short-term read is buy while the long-term read is hold, conviction 2 out of 10.