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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Celanese (CE) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a third consecutive positive week for the Celanese (CE). During the week, the CE gained 2.42 points, or 5.56%, and closed at 45.95 on Friday, May 2, 2025. Weekly volume was 66% above average.
 Long-term trend: [See CE long-term trend chart]
A long-term downtrend had started on March 28, 2024 at 172.16 and reached 36.29 on April 9, 2025. CE lost 135.87 points, or 78.92%, in 53 weeks. The price is now at the 7.11% retracement level.
 Medium-term trend: [See CE medium-term trend chart]
A medium-term downtrend had started on January 27, 2025 at 75.84 and reached 36.29 on April 9, 2025. CE lost 39.55 points, or 52.15%, in 10 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 30.35 and resistance is at 50.90. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 above its signal line since April 17, 2025. 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 April 9, 2025 at 36.29 and reached 47.00 on May 2, 2025. CE gained -10.71 points, or -29.51%, in 23 days. The price is now at the 9.80% retracement level.
 Daily Technical Indicators: [See CE daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 22, 2025. 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.
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