CHEMOURS COMPANY THE - 1H - Technical analysis published on 06/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 38.10 USD
My targets
35.58 USD (-2.47%)
34.16 USD (-6.37%)
My analysis
The bearish trend is currently very strong for CHEMOURS COMPANY THE. As long as the price remains below the resistance at 38.10 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 35.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 34.16 USD as an objective. Crossing it would then enable sellers to target 32.04 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHEMOURS COMPANY THE rating is 36.48 USD. On the day, this instrument lost -5.20% with the lowest point at 35.88 USD and the highest point at 37.69 USD. The deviation from the price is +1.67% for the low point and -3.21% for the high point.35.88
37.69
36.48
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHEMOURS COMPANY THE in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.80 | 32.04 | 35.58 | 36.48 | 36.54 | 38.10 | 39.60 |
| Change (%) | -21.05% | -12.17% | -2.47% | - | +0.16% | +4.44% | +8.55% |
| Change | -7.68 | -4.44 | -0.90 | - | +0.06 | +1.62 | +3.12 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.27 | 37.19 | 37.83 | 38.75 | 39.39 | 40.31 | 40.95 |
| Camarilla | 38.05 | 38.19 | 38.34 | 38.48 | 38.62 | 38.77 | 38.91 |
| Woodie | 36.14 | 37.12 | 37.70 | 38.68 | 39.26 | 40.24 | 40.82 |
| Fibonacci | 37.19 | 37.78 | 38.15 | 38.75 | 39.34 | 39.71 | 40.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.16 | 37.16 | 38.94 | 41.94 | 43.72 | 46.72 | 48.50 |
| Camarilla | 39.40 | 39.83 | 40.27 | 40.71 | 41.15 | 41.59 | 42.03 |
| Woodie | 33.54 | 36.86 | 38.32 | 41.64 | 43.10 | 46.42 | 47.88 |
| Fibonacci | 37.16 | 38.99 | 40.12 | 41.94 | 43.77 | 44.90 | 46.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.21 | 27.55 | 35.32 | 39.66 | 47.43 | 51.77 | 59.54 |
| Camarilla | 39.76 | 40.87 | 41.98 | 43.09 | 44.20 | 45.31 | 46.42 |
| Woodie | 24.93 | 28.41 | 37.04 | 40.52 | 49.15 | 52.63 | 61.26 |
| Fibonacci | 27.55 | 32.18 | 35.03 | 39.66 | 44.29 | 47.14 | 51.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 24.73 | |
| MACD (12,26,9): | -1.5100 | |
| Directional Movement: | -36.87 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 37.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.81 | |
| Elder Ray (13): | -1.58 | |
| Super Trend (3,10): | 39.27 | |
| Zig ZAG (10): | 36.68 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 20.94 | |
| TEMA (21): | 36.57 | |
| Williams %R (14): | -86.96 | |
| Chande Momentum Oscillator (20): | -4.47 | |
| Repulse (5,40,3): | -1.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4700 | |
| Courbe Coppock: | 17.21 |
| MA7: | 41.53 | |
| MA20: | 42.12 | |
| MA50: | 37.86 | |
| MA100: | 33.87 | |
| MAexp7: | 37.57 | |
| MAexp20: | 39.23 | |
| MAexp50: | 41.07 | |
| MAexp100: | 41.53 | |
| Price / MA7: | -12.16% | |
| Price / MA20: | -13.39% | |
| Price / MA50: | -3.65% | |
| Price / MA100: | +7.71% | |
| Price / MAexp7: | -2.90% | |
| Price / MAexp20: | -7.01% | |
| Price / MAexp50: | -11.18% | |
| Price / MAexp100: | -12.16% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on CHEMOURS COMPANY THE at the time of the generation of this analysis was as follows:
- Chemours Explores Capacity Investments to Advance Support of the Hydrogen Economy
- Chemours Announces Process Innovation with New Viton™ Fluoroelastomers Advanced Polymer Architecture (APA) Offering
- Chemours Leads Remove2Reclaim Project to Advance Plastic Circularity
- Chemours Announces Participation in Versogen’s Development of Clean Hydrogen Technology
- The Chemours Company Reports Robust First Quarter 2022 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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