CELANESE CORP (CE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CE - US1508701034 - Common Stock
We assign a technical rating of 6 out of 10 to CE. CE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, CE is a bad performer in the overall market: 79% of all stocks are doing better.
- CE is part of the Chemicals industry. There are 82 other stocks in this industry, of which 69% are performing better than CE.
- 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CE has a been trading in the 41.35 - 48.34 range, which is quite wide. It is currently trading near the high of this range.
- CE has an average volume of 2128810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CE has an average technical rating and also the quality of the setup is 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.
More info and screens
38.00
2 important support areas can be observed.
- A support zone ranging from 43.63 to 44.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.38 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.13 to 48.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for CE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CE is up. |
| ChartMill Relative Strength | 21.3 | NEGATIVE | CE has a low relative strength, it was outperformed by 78.7% 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) | 64.18 | 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. |
| Stochastics (14,3) | 75.45 | NEUTRAL | The Stochastics value for CE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for CE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.53 | NEGATIVE | The low ADX value for CE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.14 | 43.62 | 4.52 (9.39%) | 10.65% |
| An entry @48.14. This is a Buy Stop order right above the resistance zone. | An exit @43.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.52 points, which is 9.39%. | For a 1.00% total portfolio risk, you can invest 10.65% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.12
+3.89 (+8.79%)
CELANESE CORP / CE FAQ
What is the ChartMill technical rating of CELANESE CORP (CE) stock?
ChartMill assigns a technical rating of 6 / 10 to CE.
Can you provide the trend direction for CELANESE CORP?
The current trend direction for CELANESE CORP (CE) is Bearish.
Can you provide the RSI signal for CELANESE CORP?
CELANESE CORP (CE) has an RSI value of 64.1844. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CELANESE CORP?
The MACD indicator for CELANESE CORP (CE) has a value of 0.232569, indicating a bearish trend.