CELANESE CORP (CE) Technical Analysis
NYSE:CE • US1508701034
Current stock price
CE Technical Rating and Analysis
Taking everything into account, CE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CE is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CE did better than 90% of all other stocks.
- CE is part of the Chemicals industry. There are 83 other stocks in this industry. CE outperforms 75% of them.
- CE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CE is performing more or less in line with the market.
- In the last month CE has a been trading in the 47.67 - 67.82 range, which is quite wide. It is currently trading near the high of this range.
- CE has an average volume of 2704330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CE Weekly and Daily overview Charts
CE Setup Rating and Analysis
Although CE 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
CE Support and Resistance Analysis
38.00
We found 5 important support areas.
- A support zone ranging from 56.12 to 56.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.59 from a trend line in the daily time frame.
- Support @49.73 from a trend line in the daily time frame.
- Support @44.22 from a horizontal line in the daily time frame.
- Support @38.38 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @64.07 from a horizontal line in the weekly time frame.
CE Technical Indicator Signal Analysis
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 CE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CE is up. |
| ChartMill Relative Strength | 90.09 | POSITIVE | CE has a high relative strength, it outperformed 90.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.33 | NEUTRAL | The RSI value for CE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests CE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.31 | NEUTRAL | The Stochastics value for CE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for CE suggests high volalility. |
| Average Directional Index/ADX (14) | 24.92 | NEUTRAL | The ADX value for CE suggests a possible start of a new trend. |
CE Chart- and CandleStick Pattern Analysis
CE Technicals: Chart, Performance Metrics, Trend & Indicators
64.06
+0.51 (+0.8%)
CELANESE CORP / CE TA FAQ
What is the ChartMill technical rating of CELANESE CORP (CE) stock?
ChartMill assigns a technical rating of 10 / 10 to CE.
Can you provide the trend direction for CELANESE CORP?
The current trend direction for CELANESE CORP (CE) is Bullish.
What is the RSI signal for CELANESE CORP (CE) stock?
CELANESE CORP (CE) has an RSI value of 62.3321. This indicates that the stock is currently neutral.
What is the short term momentum for CELANESE CORP (CE) stock?
The short term momentum for CELANESE CORP (CE) is positive.
What is the support and resistance level for CE stock?
CELANESE CORP (CE) has a support level at 56.94 and a resistance level at 64.07. Check the full technical report for our detailed analysis of CE support and resistance levels.