SOLVAY SA (SOLB.BR) 105.35 +0.65 (+0.62%)
105.35 +0.65 (+0.62%)
BE0003470755 - Common Stock
Technical Rating
Overall SOLB gets a technical rating of 5 out of 10. SOLB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SOLB is one of the better performing stocks in the Chemicals industry, it outperforms 90% of 31 stocks in the same industry.
SOLB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so SOLB slightly outperforms the market at the moment.
In the last month SOLB has a been trading in the 94.12 - 108.75 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SOLB is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Statistics
Support/Resistance Analysis
93.52
113.42
We found 3 important support areas.
- A support zone ranging from 101.57 to 102.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.12 to 97.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.46 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 109.72 to 110.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @112.30 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
SOLB has an average technical rating and also the quality of the setup is only medium 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.
SOLVAY SA105.35
EBR:SOLB (3/31/2023, 7:00:00 PM)+0.65 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
Today0.62%
1 Week6.24%
2 Weeks9.13%
1 Month-2.95%
3 Month11.53%
6 Month32.28%
Volatility
ATR(14)3.07
ATR(20)%2.68%
ATR Inc-42.62%
Range Today1.35
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.82
Mansfield1.08
10 Day High105.65
10 Day Low94.12
20 Day High108.75
20 Day Low94.12
52 Week High112.95
52 Week Low74.04
CS1 End102.76
CR1 Start109.72
Volume & EV
DER(3)0.39%
DER(5)1.49%
Volume233.20K
Volume Incr-15.58%
Vol(5)220.25K
Vol(50)227.02K
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