The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 9/25/2026 -
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Celanese (CE) Technical Analysis

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Summary:
Weekly :
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Celanese (CE). During the week, the CE gained 1.68 points, or 3.70%, and closed at 47.09 on Friday, September 25, 2026. CE was trading at average weekly trading volume.

Long-term trend: [See CE long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 176.50 and reached 35.13 on November 18, 2025. CE lost 141.37 points, or 80.10%, in 201 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 21.22 and resistance is at 167.31. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CE medium-term trend chart]
A medium-term downtrend had started on May 5, 2026 at 70.70 and reached 41.11 on August 5, 2026. CE lost 29.59 points, or 41.85%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 48.28 and resistance is at 40.52. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See CE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 15, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CE short-term trend chart]
A short-term uptrend had started on August 25, 2026 at 43.90 and reached 49.67 on September 23, 2026. CE gained -5.77 points, or -13.14%, in 29 days. The price is now at the 44.71% retracement level.

Daily Technical Indicators: [See CE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 30, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.67
Williams' Percentage Range (W%R) 40.00
Lane's Stochastic (%D-Slow) 53.59
Greed/Fear Indicator (GFI) 57.43
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.40
Williams' Percentage Range (W%R) 78.70
Lane's Stochastic (%D-Slow) 53.59
Greed/Fear Indicator (GFI) 42.17
Moving Average Converg./Diverg. (MACD) -1.84
Trading Signals
Description Value Chart
Upper Bollinger Band 48.68
Monthly Trendline Support 48.28
Daily Stochastic Crossing 47.80
Price 47.09
20 Day Moving Average 45.90
Weekly Stochastic Crossing 45.90
Parabolic System 45.53
50 Day Moving Average 45.40
Lower Bollinger Band 43.67
Monthly Trendline Resistance 40.52
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Specialty Chemicals 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.90
Low Date 08/25/2026
High 49.67
High Date 09/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.11
Low Date 08/05/2026
High 49.67
High Date 09/23/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 40.52
Support 48.28
High 70.70
High Date 05/05/2026
Low 41.11
Low Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.13
Low Date 11/18/2025
High 70.70
High Date 05/05/2026
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 167.31
Support 21.22
High 176.50
High Date 01/05/2022
Low 35.13
Low Date 11/18/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.