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But we saved everything 🙂.
Cabot states that reliability in reinforcement materials depends on global quality standards and local teams that respond quickly to maintain operations.
The company says these measures allow customers to achieve consistent performance without disruption. More information is available in the link provided in Cabot's tweet.
CBT is trending decisively above its MA-20 ($84.12), MA-50 ($80.22), and MA-200 ($73.31), confirming an intact bullish structure across short, medium, and long timeframes. With the Ichimoku Kijun at $82.73, this level now acts as immediate support below the current price of $88.22. Near-term support sits at MA-20 ($84.12), with key support at MA-50 ($80.22). Immediate resistance lies at or just above the current price, with the 52-week high ($89.37) providing key resistance.
Momentum remains positive, as MACD and ADX on D1 both signal ongoing bullish strength. However, overbought signals emerge in several oscillators: CCI is overbought, Stoch RSI reads neutral but is at elevated levels, and BBP registers clear buyer dominance intraday. RSI on D1 is moderately elevated at 63.93. The Awesome Oscillator is in alignment with the prevailing uptrend. CBT is trading at $88.22, up from $87.65 at last week’s close, reflecting a 0.64% gain. The price sits near the top of the weekly range, indicating a test of resistance, and weekly volatility stands at 7.71%. The overall tone is one of ongoing recovery from the weekly low, though today’s session shows a notable dip of 1.12%.
For the coming week, the expected price range is $83.90–$89.50, keeping the forecast aligned with historical volatility and recent price action. The probability of a further price increase is high (more than 80%), based on bullish signals from W1 RSI, MACD, and all relevant moving averages, while a downside move is less likely. Baseline scenario: CBT consolidates within the established $83.90–$89.50 corridor. Bullish scenario: a break above resistance could target fresh highs above $89.50, with the 52-week high close at hand. Bearish scenario: loss of support at $84.12 would expose pullbacks toward $82.73 and then $80.22. The price remains near its annual peak and well above its 52-week low of $58.33, underscoring the sustained uptrend.
Previously it was reported that Cabot maintained a broadly bullish technical bias while investors watched for potential catalysts to drive the next directional move. As market conditions develop, traders should stay alert for shifts in trading sentiment that could present either an opportunity for renewed upside or the need to defend against a sudden retracement.