China Mobile price forecast: Upside breakout ahead? Shares test resistance after bullish session

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China mobile jumps 1.76% today

Highlights

China Mobile Limited (0941) trades at $86.80, above MA-20 and MA-200, indicating bullish momentum with resistance at $86.62 and Ichimoku support near $85.38.
Q3 2025 results show 1,009 million mobile subscribers, 329 million fixed broadband users, 8.3% growth in mobile internet traffic, and RMB 115.4 billion net profit, up 4%.
Technical signals are mixed, with intraday strength and overbought oscillators, while next week projects a $84.45–$85.20 range and a 50% probability of either direction.

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China Mobile reported steady Q3 2025 results, with 1,009 million mobile subscribers and 329 million fixed broadband customers, highlighting ongoing expansion in the world's largest mobile market. Mobile internet traffic rose 8.3% year-on-year and net profit climbed 4% to RMB 115.4 billion, supporting strong fundamentals. The company also expanded its customer base across both mobile and wireline broadband segments.

Overbought signals and mixed momentum as price hits session high

Momentum indicators are mixed: the daily MACD signals strong selling, but the ADX shows weak trend strength at 12.56, indicating lackluster directional conviction. Oscillators flash an overbought signal (Stoch RSI at 92.15, CCI at 78.43), but daily RSI sits at a neutral 51.49. Buyers are currently dominating intraday as reflected in strong BBP and a $1.50 or 1.76% daily rise, with no morning gap. The current price is near today’s high of $86.80, suggesting moderate volatility and persistent strength into the session high. There is clear divergence between momentum and oscillators, as intraday upward movement comes amid signals of overextension.

Sideways price risk as conflicting technical signals limit conviction

For the coming week, the expected price range is $84.45–$85.20. Among RSI, ADX, MACD, and MA-50 on the weekly timeframe, only the MACD and MA-50 give buy signals, so the probability of price growth is 50%, making a decline equally likely. The baseline scenario sees 0941 moving sideways within the established corridor. If bullish momentum prevails and resistance at $86.62–$87.00 is broken, price may build support at higher levels. In a bearish scenario, a drop below $85.38 would expose the stock to further declines toward dynamic support.

Viktoras Karapetjanc, expert at Traders Union, believes China Mobile’s robust subscriber growth and resilient fundamentals are supporting its constructive outlook, even as technical indicators flash near-term overextension. While medium-term oscillators suggest caution, strong macro and fundamental tailwinds encourage a positive sentiment. The analyst sees a balanced sideways scenario for the coming week with a bullish breakout possible if $87.00 is cleared. "If fundamentals remain solid and buyers sustain current momentum above $86.62, I expect China Mobile to attract further investor interest and establish higher support levels," Karapetjanc says.

Source of Data: 0941 Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.