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Stock Charts AI Power Rank: 5.2
Power Rank trend -> Rising

Celanese Corporation (CE)

Industry: Chemicals

Price Support Resistance

In the past 20 trading days, CE has been trading in a range between $49.05 and $37.50 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

CE is trading between resistance at $55.22 about 3% to the upside and support at $37.49 -30% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $68.77, about a 28% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Celanese Corporation $CE entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $58.2158, a potential upside of 6.76% from the recent price of 54.53. The stock is trading 193.47% (potential upside) below its 52 week high of $160.03 and 50.34 % (potential downside) above its 52 week low of $36.27 - based on the recent price.

Company Summary

Celanese Corporation, a chemical and specialty materials company, manufactures and sells engineered polymers worldwide The Engineered Materials segment offers nylon and polypropylene compounds and formulations, high temperature nylon, polyoxymethylene, polyethylene and polybutylene terephthalates, ultra-high molecular weight polyethylene, long-chain polyamides, long-fiber reinforced thermoplastics, liquid crystal polymers, thermoplastic elastomers and vulcanizates, polyphenylene sulfide, ethylene vinyl acetate pharmaceutical grade copolymers, and ethylene acrylic elastomers for use in automotive, medical, industrial, energy storage, consumer electronics, appliance, construction, filtration equipment, telecommunication, beverage, electrical, and consumer apparel applications. Its Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, vinyl acetate ethylene emulsions, conventional emulsions, ethylene vinyl acetate resins and compounds, low-density polyethylene resins, redispersible powders, acetic anhydride, ethyl acetates, formaldehydes, butyl acetates, acetate tows, and acetate flakes for use in paints, coatings, adhesives, textiles, paper finishing, flexible packaging, lamination products, pharmaceuticals, films, inks, plasticizers, solvents, automotive parts, external thermal insulation composite systems, tiling, plasters and renders, lubricants, filtration, food and beverage, consumer goods, and food packaging applications.

CE Website

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