CE Price Prediction Next Week
Analysis and Insights
Event Impact Assessment:
Celanese Corporation (CE) is set to be removed from the S&P 500 index on March 24, 2025, along with Borgwarner, Teleflex, and FMC Corp. This removal is part of the index's rebalancing to include companies more representative of the large-cap market space. The departure of CE from the S&P 500 is expected to lead to selling pressure as index funds tracking the benchmark will need to reduce their holdings of CE to maintain alignment with the index composition.
Technical Analysis:
The stock is currently trading below its 20, 50, 60, and 200-day moving averages, indicating a bearish trend. The RSI (14) is at 55.84, suggesting the stock is not yet oversold, but the MACD is negative (-4.32), indicating bearish momentum. Fibonacci levels suggest resistance at 57.85 and support at 47.51.
News Sentiment and Fundamental Analysis:
Celanese has been one of the worst-performing S&P 500 stocks since President Trump's election, with a 39.6% decline in its stock price. This underperformance is attributed to its exposure to struggling sectors such as automotive and consumer electronics, compounded by weak 2025 guidance and the underperformance of its $11 billion DuPont mobility & materials acquisition.
Price Target and Recommendation:
Based on the technical indicators and the negative news sentiment, Celanese's stock is expected to continue its downward trend. The stock is likely to test the lower Fibonacci support level of 47.51 in the next trading week.
Price Prediction: $47.51
Recommendation: Sell
CE Similar Chart Price Prediction
The price of CE is predicted to go up -7.14%, based on the high correlation periods with ASRT. The similarity of these two price pattern on the periods is 98.62%.
CE
ASRT
Down: -7.14%Similarity: 98.62%
CE Revenue Forecast
CE EPS Forecast
CE FAQs
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CE VS S&P500
Celanese built out its core acetic acid production facilities at a significantly lower capital cost per ton than its competitors thanks to the scale of its facilities (2 million tons versus average 0.5 million tons).
Celanese should benefit from producing an increasing proportion of its acetic acid in the US to take advantage of low-cost natural gas.
Through acquisition, Celanese transformed the engineered materials business into a premiere specialty chemicals business that will create value for shareholders.
CE Analyst's Forecast
Arun Viswanathan
RBC Capital
Buy → Hold
2025-02-20
Price Target
$84 → $56
Upside
+6.44%
RBC Capital downgraded Celanese to Sector Perform from Outperform with a price target of $56, down from $84. The company's overexposure to auto end markets has resulted in near-term earnings headwinds from lower builds and bloated inventories throughout the chain, the analyst tells investors in a research note. The firm remains uncertain as to when Celanese's earnings could improve significantly. It cites the company's auto end market headwinds and high leverage for the downgrade.
David Begleiter
Deutsche Bank
Strong Buy
2025-02-20
Price Target
$85 → $70
Upside
+33.05%
John McNulty
BMO Capital
Sell
2025-02-20
Price Target
$73 → $46
Downside
-12.56%
