HUNTSMAN CORP (HUN) 32.285 -0.82 (-2.46%)
32.285 -0.82 (-2.46%)
US4470111075 - Common Stock
Technical Rating
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
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
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.47 | 31.40 | 2.07 (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.
HUNTSMAN CORP32.285
NYSE:HUN (2/6/2023, 1:47:06 PM)-0.82 (-2.46%)
| GICS Sector | Materials | ||
| GICS Industry | Chemicals | ||
| Today | -2.46% | 1 Week | 5.35% |
| 2 Weeks | 4.98% | 1 Month | 11.15% |
| 3 Month | 22.05% | 6 Month | 14.45% |
| ATR(14) | 0.79 | ATR(20)% | 2.33% |
| ATR Inc | -0.48% | Range Today | 0.86 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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