SOLVAY SA (SOLB.BR)

BE0003470755 - Common Stock

31.2  +0.2 (+0.65%)

Technical Rating and Analysis

8

Taking everything into account, SOLB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SOLB is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
SOLB is part of the Chemicals industry. There are 65 other stocks in this industry. SOLB outperforms 82% of them.
A new 52 week high is currently being made by SOLB, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SOLB is leading the market.
In the last month SOLB has a been trading in the 24.30 - 31.66 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SOLB did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
SOLB Weekly chart
SOLB Daily chart
Setup Rating and Analysis

5

Although SOLB 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.

Support and Resistance Analysis

22.27

31.51

4 important support areas can be observed.

  • A support zone ranging from 27.10 to 27.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @26.52 from a horizontal line in the daily time frame.
  • Support @24.15 from a trend line in the daily time frame.
  • Support @22.49 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.41
Mansfield0.55
10 Day High31.66
10 Day Low28.12
20 Day High31.66
20 Day Low24.3
52 Week High31.66
52 Week Low17.88
Performance
1 Week7.71%
2 Weeks9.93%
1 Month26.32%
3 Month17.38%
6 Month23.5%
12 Month9.54%
2 Year31.66%
3 Year12.69%
5 Year11.27%
10 Year2.17%
15 Year82.79%
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)
Technical Indicators
MACD(12,26,9)0.25
RSI(14)73.23
LBB26.84
UBB31.82
SOLB Daily chart

SOLVAY SA

EBR:SOLB (4/24/2024, 5:35:15 PM)

31.2

+0.2 (+0.65%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.65%
1 Week7.71%
2 Weeks9.93%
1 Month26.32%
3 Month17.38%
6 Month23.5%
12 Month9.54%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.19
ATR(20)%3.41%
ATR Inc
Range Today0.84
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High31.66
10 Day Low28.12
20 Day High31.66
20 Day Low24.3
52 Week High31.66
52 Week Low17.88
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume136.17K
Volume Incr2.58%
Vol(5)454.06K
Vol(50)466.40K