HUNTSMAN CORP (HUN)       32.285  -0.82 (-2.46%)

32.285  -0.82 (-2.46%)

US4470111075 - Common Stock

Technical Rating

8

Overall HUN gets a technical rating of 8 out of 10. Although HUN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
In the last month HUN has a been trading in the 29.84 - 33.46 range, which is quite wide. It is currently trading near the high of this range.
HUN has an average volume of 1702040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HUN is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
HUN is part of the Chemicals industry. There are 123 other stocks in this industry, HUN did better than 56% of them.
HUN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 11.15% 22.05% 14.45% -7.57% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 76.05 23.535 - 41.65
HUN Weekly chart
HUN Daily chart

Support/Resistance Analysis


24.08

32.61
When analyzing the support we can see 6 important areas.
  • A support zone ranging from 31.41 to 32.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @30.54 from a horizontal line in the daily time frame.
  • A support zone ranging from 29.05 to 29.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 28.27 to 28.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @27.17 from a horizontal line in the daily time frame.
  • Support @24.32 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

7

Although HUN has an excellent technical rating, the quality of the presented setup is not ideal 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.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
33.4731.402.07 (6.18%)16.17%
An entry @33.47. This is a Buy Stop order right above the 10 day high.An exit @31.40. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.07 points, which is 6.18%.When investing 16.17% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
HUN Daily chart

HUNTSMAN CORP32.285

NYSE:HUN (2/6/2023, 1:47:06 PM)-0.82 (-2.46%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals

Performance
Today -2.46% 1 Week 5.35%
2 Weeks 4.98% 1 Month 11.15%
3 Month 22.05% 6 Month 14.45%

Volatility
ATR(14) 0.79 ATR(20)% 2.33%
ATR Inc -0.48% Range Today 0.86

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 76.05 Mansfield 0.43
10 Day High 33.46 10 Day Low 30.88
20 Day High 33.46 20 Day Low 29.84
52 Week High 41.65 52 Week Low 23.54
CS1 End 32.05 CR1 Start N/A

Volume & EV
DER(3) 1.1% DER(5) 1.75%
Volume 839.25K Volume Incr -3.25%
Vol(5) 1.60M Vol(50) 1.70M

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