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.

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- 3/13/2026 -
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Celanese (CE) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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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 8.42 points, or 17.07%, and closed at 57.74 on Friday, March 13, 2026. Weekly volume was 43% above average.

CE is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CE long-term trend chart]
A long-term downtrend had started on March 28, 2024 at 172.16 and reached 35.13 on November 18, 2025. CE lost 137.03 points, or 79.59%, in 85 weeks. The price is now at the 16.50% retracement level.

Medium-term trend: [See CE medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 61.94 and reached 46.64 on March 2, 2026. CE lost 15.30 points, or 24.70%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (48.50) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CE may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See CE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 17, 2025. 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 March 2, 2026 at 46.64 and reached 61.60 on March 13, 2026. CE gained -14.96 points, or -32.08%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CE daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 60.46
Williams' Percentage Range (W%R) 1.70
Strong Overbought
Lane's Stochastic (%D-Slow) 63.44
Greed/Fear Indicator (GFI) 74.05
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.55
Williams' Percentage Range (W%R) 2.20
Strong Overbought
Lane's Stochastic (%D-Slow) 64.24
Greed/Fear Indicator (GFI) 73.93
Moving Average Converg./Diverg. (MACD) -0.63
Trading Signals
Description Value Chart
Upper Bollinger Band 58.88
Price 57.74
Daily Stochastic Crossing 56.91
Weekly Stochastic Crossing 53.76
Weekly Trendline Resistance 53.35
20 Day Moving Average 52.92
50 Day Moving Average 49.99
Parabolic System 49.65
Weekly Trendline Support 48.50
Lower Bollinger Band 46.57
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Specialty Chemicals 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.64
Low Date 03/02/2026
High 61.60
High Date 03/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 53.35
Support 48.50
High 61.94
High Date 02/12/2026
Low 46.64
Low Date 03/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.13
Low Date 11/18/2025
High 61.94
High Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 172.16
High Date 03/28/2024
Low 35.13
Low Date 11/18/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.