CHEMOURS COMPANY THE

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	CC
ISIN:

CHEMOURS COMPANY THE - Daily - Technical analysis published on 06/14/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

67%

33%

My opinion

Bearish under 39.66 USD

My targets

35.58 USD (-2.55%)

32.04 USD (-12.24%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHEMOURS COMPANY THE as long as the price remains well below 39.66 USD. The next bearish objective for sellers is set at 35.58 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 32.04 USD. In case of crossing, the next objective would be the support located at 28.80 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 35.58 USD. With this support, against the trend traders who want to buy CHEMOURS COMPANY THE on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

2.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CHEMOURS COMPANY THE rating 36.51 USD. The price registered a decrease of -5.12% on the session and was between 35.88 USD and 37.69 USD. This implies that the price is at +1.76% from its lowest and at -3.13% from its highest.

35.88

37.69

36.51

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CHEMOURS COMPANY THE in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	28.80	32.04	35.58	36.51	41.24	42.82
Change (%)	-21.12%	-12.24%	-2.55%	-	+12.96%	+17.28%
Change	-7.71	-4.47	-0.93	-	+4.73	+6.31
Level	Minor	Intermediate	Major	-	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):	36.95
MACD (12,26,9):	0.5700
Directional Movement:	-18.07
AROON (14):	-42.86
DEMA (21):	42.34
Parabolic SAR (0,02-0,02-0,2):	44.31
Elder Ray (13):	-4.43
Super Trend (3,10):	42.24
Zig ZAG (10):	36.68
VORTEX (21):	0.8900
Stochastique (14,3,5):	11.37
TEMA (21):	41.12
Williams %R (14):	-92.22
Chande Momentum Oscillator (20):	-6.58
Repulse (5,40,3):	-5.8800
ROCnROLL:	2
TRIX (15,9):	0.6100
Courbe Coppock:	1.61

MA7:	41.53
MA20:	42.12
MA50:	37.86
MA100:	33.87
MAexp7:	40.40
MAexp20:	41.05
MAexp50:	38.47
MAexp100:	35.85
Price / MA7:	-12.09%
Price / MA20:	-13.32%
Price / MA50:	-3.57%
Price / MA100:	+7.79%
Price / MAexp7:	-9.63%
Price / MAexp20:	-11.06%
Price / MAexp50:	-5.09%
Price / MAexp100:	+1.84%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on CHEMOURS COMPANY THE at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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