SOLVAY SA (SOLB.BR)

BE0003470755 - Common Stock

37.03  -1.29 (-3.37%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to SOLB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOLB is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SOLB is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by SOLB over the past year are nicely spread over this period.
SOLB is one of the better performing stocks in the Chemicals industry, it outperforms 92% of 65 stocks in the same industry.
SOLB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SOLB has a been trading in the 35.40 - 39.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
SOLB Weekly chart
SOLB Daily chart
Setup Rating and Analysis

3

Although SOLB has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

29.45

39.75

We found 4 important support areas.

  • Support @32.86 from a trend line in the daily time frame.
  • Support @31.87 from a trend line in the daily time frame.
  • A support zone ranging from 30.79 to 30.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @29.75 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 39.36 to 39.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.42
Mansfield1.13
10 Day High39.37
10 Day Low37.03
20 Day High39.37
20 Day Low35.4
52 Week High39.37
52 Week Low17.88
Performance
1 Week-4.56%
2 Weeks-5.82%
1 Month1.98%
3 Month19.99%
6 Month22.86%
12 Month45.21%
2 Year56.1%
3 Year38.54%
5 Year46.08%
10 Year31.02%
15 Year113.05%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.29
RSI(14)50
LBB37.11
UBB39.8
SOLB Daily chart

SOLVAY SA

EBR:SOLB (10/30/2024, 7:00:00 PM)

37.03

-1.29 (-3.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-3.37%
1 Week-4.56%
2 Weeks-5.82%
1 Month1.98%
3 Month19.99%
6 Month22.86%
12 Month45.21%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.99
ATR(20)%2.66%
ATR Inc
Range Today1.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High39.37
10 Day Low37.03
20 Day High39.37
20 Day Low35.4
52 Week High39.37
52 Week Low17.88
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume397.55K
Volume Incr-3.75%
Vol(5)209.79K
Vol(50)196.38K