CHEMOURS CO/THE (CC) Stock Technical Analysis
NYSE:CC • US1638511089
Overall CC gets a technical rating of 9 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- CC is part of the Chemicals industry. There are 83 other stocks in this industry. CC outperforms 90% of them.
- CC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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 near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CC has an average volume of 2791820 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 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CC has an excellent technical rating, it does not present a decent entry opportunity 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
4 important support areas can be observed.
- Support @16.04 from a trend line in the daily time frame.
- Support @11.49 from a trend line in the weekly time frame.
- Support @10.98 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 | UP | POSITIVE | The short term trend for CC is up. |
| ChartMill Relative Strength | 92.16 | POSITIVE | CC has a high relative strength, it outperformed 92.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CC is above 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) | 74.21 | OVERBOUGHT | The high RSI value suggests CC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests CC has a positive trend. |
| Stochastics (14,3) | 88.79 | OVERBOUGHT | The high Stochastics value suggests CC may be overbought. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for CC suggests high volalility. |
| Average Directional Index/ADX (14) | 43.07 | POSITIVE | The high ADX value value for CC suggests a strong trend. |
20.42
-0.6 (-2.85%)
CHEMOURS CO/THE / CC FAQ
Can you provide the ChartMill technical rating for CHEMOURS CO/THE?
ChartMill assigns a technical rating of 9 / 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 74.2099. This indicates that the stock is currently overbought.
What is the short term momentum for CC stock?
The short term momentum for CHEMOURS CO/THE (CC) is positive.
Can you provide the support and resistance levels for CHEMOURS CO/THE?
CHEMOURS CO/THE (CC) has a support level at 16.04. Check the full technical report for our detailed analysis of CC support and resistance levels.