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Downtrend Broken Resist.Archive
- 5/29/2026 -
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Celanese (CE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Celanese (CE). During the week, the CE gained 0.74 points, or 1.41%, and closed at 53.13 on Friday, May 29, 2026. Weekly volume was -34% below average.
 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 26.58 and resistance is at 167.94. 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 uptrend had started on November 18, 2025 at 35.13 and reached 70.70 on May 5, 2026. CE gained -35.57 points, or -101.25%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (56.56) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CE may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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. The distance between MACD and the signal line is low, but getting bigger. 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 May 27, 2026 at 51.71 and reached 54.20 on May 28, 2026. CE gained -2.49 points, or -4.82%, in 1 days. The price is now at the 42.97% retracement level.
 Daily Technical Indicators: [See CE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 5, 2026.
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