SOLB | Confirmed Descending Triangle Breakout – 32% Target📍 Ticker:
SOLB (Solvay SA – Euronext Brussels)
📆 Timeframe: 1D (Daily)
📉 Price: €30.14
📈 Pattern: Descending triangle breakout confirmed on daily close
📊 Breakout Probability estimation: ~73% (short-term triangle breakout upward)
🔍 Technical Setup (Updated on Daily Chart):
Solvay has now confirmed
0.14 USD
241.22 M USD
5.55 B USD
About Solvay SA
Sector
Industry
CEO
Philippe Kehren
Website
Headquarters
Brussels
Founded
1863
ISIN
US8344374025
FIGI
BBG012F6KHV0
Solvay SA engages in the manufacture and distribution of chemical and plastic products. It operates through the following segments: Basic Chemicals, Performance Chemicals, and Corporate and Business Services. The Basic Chemicals segment is involved in chemical intermediate businesses focused on mature and resilient markets. The Performance Chemicals segment focuses on formulation and application expertise through customized specialty formulations. The Corporate and Business Services segment includes corporate and other business services, such as group research and innovation. The company was founded by Ernest Solvay in 1863 and is headquartered in Brussels, Belgium.
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SOLB | Descending Triangle Breakout – Targeting +34% MoveTicker: EURONEXT:SOLB (Solvay SA – Euronext Brussels)
📆 Timeframe: 4H (4-hour)
📉 Price: €31.58
📈 Pattern: Descending triangle breakout from horizontal support
📊 Breakout Probability : ~73% upward breakout (short-term triangle)
🔍 Technical Setup:
SOLB has successfully broken above a descending res
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Hold Solvay-Weak bullish trendline
-Current price close to resistance level (€78 & €82).
Considering uncertainties regarding financial releases Q3 (05/11) and the impact of COVID (most likely limited) on the financials I would hold Solvay.
=> Will it break resistances after financial releases?
To revisit per
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
BE635079107
Solvay SA 3.875% 03-APR-2028Yield to maturity
—
Maturity date
Apr 3, 2028
BE635079208
Solvay SA 4.25% 03-OCT-2031Yield to maturity
—
Maturity date
Oct 3, 2031
See all SLVYY bonds