CELANESE CORP (CE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CE - US1508701034 - Common Stock
39.46 USD
+0.71 (+1.83%)
39.46 USD
0 (0%)
We assign a technical rating of 0 out of 10 to CE. CE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CE is a bad performer in the overall market: 90% of all stocks are doing better.
CE is one of the lesser performing stocks in the Chemicals industry. 71% of 81 stocks in the same industry do better.
CE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CE has an average volume of 2126170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CE has a been trading in the 35.13 - 42.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
35.16
50.71
When analyzing the support we can see 3 important areas.
- Support @39.18 from a trend line in the daily time frame.
- A support zone ranging from 37.91 to 38.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.52 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 40.64 to 40.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @43.85 from a horizontal line in the daily time frame.
- Resistance @50.21 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CE is neutral. |
| ChartMill Relative Strength | 10.41 | NEGATIVE | CE has a low relative strength, it was outperformed by 89.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.97 | NEUTRAL | The RSI value for CE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CE has a positive trend. |
| Stochastics (14,3) | 46.96 | NEUTRAL | The Stochastics value for CE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for CE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.31 | NEGATIVE | The low ADX value for CE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
39.46
+0.71 (+1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.83%
1 Week8.53%
2 Weeks-4.69%
1 Month-4.22%
3 Month-17.15%
6 Month-25.31%
12 Month-46.1%
2 Year-71.54%
3 Year-63.22%
5 Year-69.49%
10 Year-44.23%
15 Year6.65%
Volatility
ATR(14)2.27
ATR(20)%5.43%
ATR Inc-27.46%
Range Today1.53
ADR(20)1.88
ADR(20)%4.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.41
3 months CRS15.55
6 months CRS11.22
Mansfield-3.28
10 Day High41.95
10 Day Low35.13
20 Day High42.76
20 Day Low35.13
52 Week High75.84
52 Week Low35.13
CS1 End39.18
CR1 Start40.64
Volume & EV
DER(3)-1.94%
DER(5)-2.32%
Volume2.42M
Volume Incr-14.82%
Vol(5)2.15M
Vol(50)2.13M
CELANESE CORP / CE FAQ
What is the ChartMill technical rating of CELANESE CORP (CE) stock?
ChartMill assigns a technical rating of 0 / 10 to CE.
What is the trend direction for CE stock?
The current trend direction for CELANESE CORP (CE) is Bearish.
What is the RSI signal for CE stock?
CELANESE CORP (CE) has an RSI value of 50.9721. This indicates that the stock is currently neutral.
What is the MACD signal for CE stock?
The MACD indicator for CELANESE CORP (CE) has a value of 0.168625, indicating a bearish trend.
What is the short term momentum for CELANESE CORP (CE) stock?
The short term momentum for CELANESE CORP (CE) is neutral.