Celanese stock: buy or sell

CE stock price: $167.19 0.32% At close on May 14th, 2021

Updated on:
May 17th, 2021

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Celanese stock brief

  • Celanese stock barely moved 0.32% to close at $167.19 on the stock market last Friday.
  • Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally.

Should I buy Celanese stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CE stock a buy?

Currently, Celanese stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $CE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Celanese stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies give us the ability us to avoid rash decisions based on our sentiments or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies are not intended for selling short Celanese stock

A guiding principle is that you must never mantain an open trade that leads to losses greater than those expected by the time of purchase. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Celanese stock?

In the current situation of Celanese there is not any eligible sell setup, so Celanese stock holders with operations in green can keep their positions

Celanese ratings

In the last 30 days, 14 brokerage ratings were published for Celanese. General sentiment is bullish, with 9 out of 14 publishing positive forecasts

Celanese analysts' ratings - Last 30 days
Brokerage firmRating
Apr 26th, 2021
BMO Capital Markets Buy
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley
Robert W. Baird
Wells Fargo & Company Buy
Apr 27th, 2021
Barclays Buy
Royal Bank of Canada Buy
May 3rd, 2021
Alembic Global Advisors Buy
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley
Robert W. Baird Buy
Royal Bank of Canada Buy
Wells Fargo & Company Buy
May 10th, 2021
Alembic Global Advisors Buy

Celanese stock analysis

Since last January, Celanese has been printing an uptrend that by now marked an amazing 46.27%. The price line shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to enter. Latest low was in early April, when price bounced at $147.54. In late April, Celanese broke out above its last top ($154.93) giving a good entry point

SMAs overview

CE stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current supports are:

  • S1: $154.93 (-7.33% below)
  • S2: $151.93 (-9.13% below)
  • S3: $147.54 (-11.75% below)
  • Bollinger bands

    Since the price surpassed the upper band on May 7, the price sliced by 0.95%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    CE stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on May 10 after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 62.96. Since then, Celanese price slightly moved a 0.85%

    CE stock RSI chart

    Celanese stock price history

    Celanese went public on Jan 21st, 2005 priced at $12.99 per share1. Since then, CE stock surged by 1,187.07%, with an average of 74.19% per year. An investment of $1,000USD at that time would worth $12,870.67 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    CE stock price history chart

    Price target for Celanese stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price forecasts released by brokerage institutions in the last month. If you are a small investor you don't have to trade based on these projections.

    There are 14 price predictions released for Celanese that average $180.21. That is a 7.79% than the current price ($167.19).

    Celanese stock price predictions
    Brokerage firmPrice target
    Apr 26th, 2021
    BMO Capital Markets $171.00$175.00
    Deutsche Bank Aktiengesellschaft $160.00$168.00
    Morgan Stanley $150.00$157.00
    Robert W. Baird $180.00$195.00
    Wells Fargo & Company $165.00$183.00
    Apr 27th, 2021
    Barclays $170.00$180.00
    Royal Bank of Canada $170.00$181.00
    May 3rd, 2021
    Alembic Global Advisors $155.00$200.00
    Deutsche Bank Aktiengesellschaft $160.00$168.00
    Morgan Stanley $150.00$157.00
    Robert W. Baird $180.00$195.00
    Royal Bank of Canada $170.00$181.00
    Wells Fargo & Company $165.00$183.00
    May 10th, 2021
    Alembic Global Advisors $155.00$200.00

    Earnings and financials

    In mid-April, Celanese Corporation ($CE) reported EPS for that beat Market expectations. Quarterly EPS was $3.46 per share from an estimated $2.96. This quarterly report means an earnings surprise of 16.89%. Predicted turnover for this quarter was $1.7 billion but Celanese slightly enhanced by 4.53%, reporting $1.8 billion.

    This compares to Earnings of $2.29 per share a year ago, so reported EPS means a gain of 51.09%. Sales exploded a 23.15% on an annualized basis in the , from $14.6B to $18.0B last quarter.

    Celanese ($CE) is hosting the earnings call next July. Wall Street forecasts of $4.09, compared to Q1 that made $3.46.

    Celanese performance

    CE performance compared
    Company1m3m6m
    Celanese ($CE) 6.50% 25.70% 32.70%

    Disclaimer:
    The comments published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for educative motives only

    Celanese summary

    Friday, May 14th, 2021
    Open$166.76
    Close$167.19
    Day range$166.25 - $168
    Previous close$166.65
    Session gain0.32%
    Average true range$4.37
    50d mov avg$153.72
    100d mov avg$142.32
    200d mov avg$127.87
    Earnings dateJuly 27th, 2021

    Frequently asked questions

    What is Celanese stock symbol?

    Celanese Corporation is a public company trading in the US stock market with the CE symbol

    Is Celanese stock a buy or sell?

    Celanese received 14 ratings in the last 30 days: 9 bullish, 0 bearish and 2 neutral.

    Will CE go up?

    Celanese had different price predictions issued by analysts in the last month setting the target price to $180.21. That is a 7.79% than the last price ($167.19).