CELANESE CORP (CE)       105.345  +2.05 (+1.98%)

105.345  +2.05 (+1.98%)

US1508701034 - Common Stock

Technical Rating

0

Overall CE gets a technical rating of 0 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.



CE has an average volume of 1166820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CE is part of the Chemicals industry. There are 121 other stocks in this industry, CE did better than 47% of them.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
68% of all other stocks performed better in the past year than CE.
CE is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month CE has a been trading in the 97.12 - 125.24 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -11.12% 1.04% 14.35% -28.10% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 32.47 86.705 - 161.37
CE Weekly chart
CE Daily chart

Support/Resistance Analysis


98.33

170.32
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 102.64 to 103.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 99.32 to 99.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
  • Resistance @122.89 from a horizontal line in the daily time frame.
  • Resistance @127.57 from a horizontal line in the daily time frame.
  • Resistance @168.63 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, CE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 99.84, a Stop Loss order could be placed below this zone.


CE Daily chart

CELANESE CORP105.345

NYSE:CE (3/29/2023, 9:55:59 AM)+2.05 (+1.98%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
Today1.98%
1 Week-1.78%
2 Weeks-4.35%
1 Month-11.12%
3 Month1.04%
6 Month14.35%
Volatility
ATR(14)4.26
ATR(20)%3.98%
ATR Inc-50.04%
Range Today1.15
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.47
Mansfield-1.1
10 Day High107.54
10 Day Low97.12
20 Day High125.24
20 Day Low97.12
52 Week High161.37
52 Week Low86.71
CS1 End99.84
CR1 Start122.89
Volume & EV
DER(3)1.01%
DER(5)-0.21%
Volume161.84K
Volume Incr-29.2%
Vol(5)1.15M
Vol(50)1.17M

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