SGL Carbon SE (SGCG.DE) is a prominent German company operating in the field of carbon-based materials and solutions. With a current market capitalization of €861.28 million as of August 23, 2023, the company has a rich history dating back to its foundation in 1878. Established as "Sächsische Glasfabrik zu Siebenlehn," it initially focused on glass production. Over the years, the company transitioned its focus to carbon-related products, including carbon fibres, composites, and materials for various industries like automotive, aerospace, energy, and industrial applications.
The company's expertise in utilizing carbon-based materials for innovative solutions has driven its growth and prominence in global markets. It went public on the Frankfurt Stock Exchange in 1993, marking a pivotal point in its journey of becoming a key player in the carbon materials industry.
Within the past 5 years, SGL Carbon SE stock has experienced different market trends that have impacted its share price. In August 2018, its stock price reached its highest peak of €11.430, while in March 2020, the share price hit its lowest point of €2.028, which was a result of the global market breakdown due to the COVID-19 pandemic.
Traders may consider using various trading strategies such as day trading, swing trading, position trading, copy trading, and scalping trading. For example, day trading involves buying and selling stocks within a single day.
Apart from the trading strategies, some effective tools and indicators that traders may also consider using while analyzing the stock include the Williams percent range, Ichimoku cloud, etc. Williams percent range identifies overbought and oversold conditions, whereas Ichimoku cloud provides a comprehensive analysis of the stock price trend and momentum.
Are you considering trading SGL Carbon stock? Before you do so it’s important to consider the competition before making your trading decisions. Its competitors are:
- BASF (BAS.DE): BASF is a leading German multinational chemical company. Founded in 1865, it operates in various sectors, producing chemicals, plastics, performance products, agricultural solutions, and more. With a strong emphasis on innovation, sustainability, and research, BASF is a key player in global chemical manufacturing.
- Lanxess AG (LXSG.DE): Lanxess is a German specialty chemicals company with a focus on innovative solutions. Founded in 2004 as a spin-off from Bayer AG, Lanxess produces chemicals for various industries including automotive, construction, electronics, and agriculture. The company places an emphasis on sustainability and research to create value-added products that address global challenges.
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