RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CE
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Stronger technical forecast for Celanese Corporation stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 12.99% PDF

The Celanese Corporation stock price gained 1.31% on the last trading day (Thursday, 28th Mar 2024), rising from $169.64 to $171.86. During the last trading day the stock fluctuated 1.31% from a day low at $169.92 to a day high of $172.15. The price has risen in 7 of the last 10 days and is up by 8.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 210 thousand more shares were traded than the day before. In total, 685 thousand shares were bought and sold for approximately $117.70 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $173.76 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.83% during the next 3 months and, with a 90% probability hold a price between $176.57 and $194.32 at the end of this 3-month period.

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CE Signals & Forecast

Mostly positive signals in the chart today. The Celanese Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $167.86 and $155.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 20.34%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Celanese Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $150.38 and $150.13. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Celanese Corporation finds support just below today's level at $150.38. If this is broken, then the next support from accumulated volume will be at $150.13 and $149.37.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.23 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 1.83%.

The Celanese Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $166.02 (-3.40%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 50 days ago.)

Trading Expectations (CE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Celanese Corporation to open at $171.31, and during the day (based on 14 day Average True Range), to move between $168.29 and $175.43, which gives a possible trading interval of +/-$3.57 (+/-2.08%) up or down from last closing price. If Celanese Corporation takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $150.38, some $21.48 (12.50%) from the current price of $171.86, our system finds the risk reward attractive.

Is Celanese Corporation stock A Buy?

Celanese Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.434 Strong Buy Candidate Upgraded

Predicted Opening Price for Celanese Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$171.31 ( 0.320%) $171.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 173.54 0.98 %
R2 172.69 0.482 %
R1 172.16 0.176 %
Current price: 171.86
Support S1 170.46 -0.82 %
S2 169.93 -1.12 %
S3 169.08 -1.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 171.86
Support S1 150.38 -12.50%
S2 150.13 -12.64%
S3 149.37 -13.09%

CE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Feb 20, 2024 Mar 05, 2024 $0.700 0.462%
2 Feb 07, 2024 Feb 16, 2024 Mar 05, 2024 $0.700 0.462%
3 Oct 18, 2023 Oct 30, 2023 Nov 13, 2023 $0.700 0.594%
4 Oct 18, 2023 Oct 27, 2023 Nov 13, 2023 $0.700 0.594%
5 Jul 19, 2023 Jul 28, 2023 Aug 14, 2023 $0.700 0.563%

FAQ

What is the symbol for Celanese Corporation Stock and on which exchange is it traded?
The symbol for Celanese Corporation is CE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Celanese Corporation Stock?
Celanese Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Celanese Corporation Stock?
Celanese Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Celanese Corporation Stock.

What's the current price of Celanese Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Celanese Corporation (CE) share was $171.86.

What is the 52-week high and low for Celanese Corporation Stock?
The 52-week high for Celanese Corporation Stock is $172.15 and the 52-week low is $99.42.

What is the market capitalization of Celanese Corporation Stock?
As of the 2024-03-28, the market capitalization of Celanese Corporation is 19.131B.

When is the next earnings date for Celanese Corporation?
The upcoming earnings date for Celanese Corporation is May 14, 2024.
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About Celanese Corporation

Celanese Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer e... CE Profile

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