CELANESE CORP (CE) Technical Analysis
NYSE:CE • US1508701034
Current stock price
CE Technical Rating and Analysis
Overall CE gets a technical rating of 10 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, CE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CE did better than 88% of all other stocks.
- CE is part of the Chemicals industry. There are 82 other stocks in this industry. CE outperforms 80% of them.
- CE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CE is lagging the market slightly.
- CE has an average volume of 2695970 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 58.77 - 68.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CE Weekly and Daily overview Charts
CE Setup Rating and Analysis
CE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
CE Support and Resistance Analysis
38.00
5 important support areas can be observed.
- A support zone ranging from 64.22 to 64.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 62.03 to 62.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.44 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 65.01 to 65.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 88.28 | POSITIVE | CE has a high relative strength, it outperformed 88.28% 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) | 55.09 | NEUTRAL | The RSI value for CE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CE has a negative trend. |
| Stochastics (14,3) | 64.67 | NEUTRAL | The Stochastics value for CE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for CE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.31 | 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
65
-0.23 (-0.35%)
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 55.0864. 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 64.55 and a resistance level at 65.01. Check the full technical report for our detailed analysis of CE support and resistance levels.