CELANESE CORP (CE) Stock Technical Analysis
USA - NYSE:CE - US1508701034 - Common Stock
Overall CE gets a technical rating of 1 out of 10. 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.
Although the technical rating is bad, CE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.94, a Stop Loss order could be placed below this zone.
More info and screens
37.99
We found 2 important support areas.
- A support zone ranging from 39.43 to 39.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 42.22 to 42.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @52.92 from a trend line in the weekly time frame.
- Resistance @54.60 from a trend line in the daily 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 | 3.59 | NEGATIVE | CE has a low relative strength, it was outperformed by 96.41% 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 | 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) | 49.5 | NEUTRAL | The RSI value for CE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests CE has a positive trend. |
| Stochastics (14,3) | 44.9 | NEUTRAL | The Stochastics value for CE is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for CE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.78 | NEUTRAL | The ADX value for CE suggests a possible start of a new trend. |
42.21
-0.14 (-0.33%)
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 49.4969. 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 0.27999, 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.