SOLVAY SA (SOLB.BR)       94.7  +1.62 (+1.74%)

94.7  +1.62 (+1.74%)

BE0003470755 - Common Stock

Technical Rating

6

Taking everything into account, SOLB scores 6 out of 10 in our technical rating. SOLB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.



The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SOLB is one of the better performing stocks in the Chemicals industry, it outperforms 86% of 30 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that SOLB is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SOLB 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.
In the last month SOLB has a been trading in the 92.52 - 101.50 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -4.80% 14.68% 6.52% -6.10% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 83.88 74.04 - 111.65
SOLB Weekly chart
SOLB Daily chart

Support/Resistance Analysis


76.19

101.71
5 important support areas can be observed.
  • A support zone ranging from 92.03 to 94.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @87.18 from a horizontal line in the daily time frame.
  • A support zone ranging from 80.62 to 81.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @79.00 from a horizontal line in the daily time frame.
  • Support @76.96 from a horizontal line in the daily time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 98.34 to 100.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

SOLB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 98.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.69, a Stop Loss order could be placed below this zone.


Possible Trading Setup

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


ENTRYEXITDISTANCECAPITAL
97.3192.514.80 (4.93%)20.27%
An entry @97.31. This is a Buy Stop order right above the 10 day high.An exit @92.51. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 4.80 points, which is 4.93%.When investing 20.27% 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.
SOLB Daily chart

SOLVAY SA94.7

EBR:SOLB (12/9/2022, 7:00:00 PM)+1.62 (+1.74%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today 1.74% 1 Week -0.88%
2 Weeks -2.99% 1 Month -4.8%
3 Month 14.68% 6 Month 6.52%
Volatility
ATR(14) 1.9 ATR(20)% 2.23%
ATR Inc -10.75% Range Today 1.86
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 83.88 Mansfield 0.88
10 Day High 97.3 10 Day Low 92.52
20 Day High 101.5 20 Day Low 92.52
52 Week High 111.65 52 Week Low 74.04
CS1 End 94.69 CR1 Start 98.34
Volume & EV
DER(3) -0.52% DER(5) -1.45%
Volume 174.29K Volume Incr -8.13%
Vol(5) 188.80K Vol(50) 215.96K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the EuroNext

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the EuroNext

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the EuroNext