CELANESE CORP (CE) Stock Technical Analysis
NYSE:CE - US1508701034 - Common Stock
44.68 USD
-0.71 (-1.56%)
44.68 USD
0 (0%)
Taking everything into account, CE scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than CE.
CE is part of the Chemicals industry. There are 84 other stocks in this industry, of which 91% are performing better than CE.
CE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CE has an average volume of 2077570 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 36.98 - 58.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of CE is bad and it also does not present a quality setup 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
40.80
81.21
When analyzing the support we notice one important area.
- A support zone ranging from 41.21 to 41.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 44.69 to 45.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.78 from a trend line in the weekly time frame.
- Resistance @59.28 from a trend line in the daily time frame.
- Resistance @80.41 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 | DOWN | NEGATIVE | The short term trend for CE is down. |
| ChartMill Relative Strength | 4.54 | NEGATIVE | CE has a low relative strength, it was outperformed by 95.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CE is below a declining 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) | 37.22 | NEUTRAL | The RSI value for CE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.8 | NEUTRAL | The Stochastics value for CE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.91 | HIGH VOLATILITY | The high ATR as a percentage value for CE suggests high volalility. |
| Average Directional Index/ADX (14) | 41.27 | POSITIVE | The high ADX value value for CE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
44.68
-0.71 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.56%
1 Week4.83%
2 Weeks-8.16%
1 Month-21.75%
3 Month-14.9%
6 Month-15.31%
12 Month-66.14%
2 Year-64.64%
3 Year-59.7%
5 Year-55.83%
10 Year-26.32%
15 Year67.34%
Volatility
ATR(14)2.62
ATR(20)%5.91%
ATR Inc-60.16%
Range Today1.04
ADR(20)2.26
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.54
Mansfield-4.32
10 Day High49.04
10 Day Low36.98
20 Day High58.97
20 Day Low36.98
52 Week High142.54
52 Week Low36.29
CS1 End41.52
CR1 Start44.69
Volume & EV
DER(3)-3.55%
DER(5)-2.36%
Volume1.69M
Volume Incr-24.32%
Vol(5)2.01M
Vol(50)2.08M