CHEMOURS CO/THE (CC) Stock Technical Analysis
NYSE:CC • US1638511089
Overall CC gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CC is showing a nice and steady performance.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- CC is part of the Chemicals industry. There are 83 other stocks in this industry. CC outperforms 78% of them.
- CC has an average volume of 3184430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CC is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- CC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CC is lagging the market.
- In the last month CC has a been trading in the 14.43 - 21.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.49
5 important support areas can be observed.
- A support zone ranging from 17.04 to 17.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.99 from a horizontal line in the daily time frame.
- Support @11.57 from a trend line in the weekly time frame.
- Support @11.06 from a trend line in the daily time frame.
- Support @10.60 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CC is neutral. |
| ChartMill Relative Strength | 81.79 | POSITIVE | CC has a high relative strength, it outperformed 81.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.43 | NEUTRAL | The RSI value for CC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CC has a negative trend. |
| Stochastics (14,3) | 30.99 | NEUTRAL | The Stochastics value for CC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for CC suggests high volalility. |
| Average Directional Index/ADX (14) | 34.68 | POSITIVE | The high ADX value value for CC suggests a strong trend. |
17.32
-0.7 (-3.88%)
CHEMOURS CO/THE / CC FAQ
Can you provide the ChartMill technical rating for CHEMOURS CO/THE?
ChartMill assigns a technical rating of 8 / 10 to CC.
What is the current trend direction of CHEMOURS CO/THE (CC) stock?
The current trend direction for CHEMOURS CO/THE (CC) is Bullish.
What is the RSI signal for CC stock?
CHEMOURS CO/THE (CC) has an RSI value of 48.4269. This indicates that the stock is currently neutral.
What is the short term momentum for CC stock?
The short term momentum for CHEMOURS CO/THE (CC) is neutral.
Can you provide the support and resistance levels for CHEMOURS CO/THE?
CHEMOURS CO/THE (CC) has a support level at 17.09. Check the full technical report for our detailed analysis of CC support and resistance levels.