CELANESE CORP (CE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CE - US1508701034 - Common Stock
Overall CE gets a technical rating of 1 out of 10. CE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CE has a poor technical rating and the quality of the setup is also only medium 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.
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35.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.92 to 38.38. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @36.11 from a horizontal line in the daily time frame.
- Support @35.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 43.51 to 43.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.59 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 | 13.16 | NEGATIVE | CE has a low relative strength, it was outperformed by 86.84% 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) | DOWN | MIXED | The current price of CE is above 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) | 50.7 | NEUTRAL | The RSI value for CE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.9 | NEUTRAL | The Stochastics value for CE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for CE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.55 | NEGATIVE | The low ADX value for CE suggests a weak or negative trend. |
40.95
-1.54 (-3.62%)
CELANESE CORP / CE FAQ
What is the ChartMill technical rating of CELANESE CORP (CE) stock?
ChartMill assigns a technical rating of 1 / 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 50.6959. 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 0.228704, 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.