ALBEMARLE CORP (ALB)       281.72  +2.27 (+0.81%)

281.72  +2.27 (+0.81%)

US0126531013 - Common Stock - After market: 282.25 +0.53 (+0.19%)

Technical Rating

6

Overall ALB gets a technical rating of 6 out of 10. In the last year, ALB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that ALB is one of the better performing stocks in the market, outperforming 88% of all stocks.
ALB is one of the better performing stocks in the Chemicals industry, it outperforms 83% of 123 stocks in the same industry.
In the last month ALB has a been trading in the 208.57 - 285.44 range, which is quite wide. It is currently trading near the high of this range.
ALB has an average volume of 1488020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 31.62% 0.56% 15.31% 36.60% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.91 169.93 - 334.55
ALB Weekly chart
ALB Daily chart

Support/Resistance Analysis


203.81

284.55
3 important support areas can be observed.
  • A support zone ranging from 251.42 to 257.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 217.21 to 220.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @205.87 from a trend line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 281.73 to 281.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

2

ALB has an average technical rating and it also 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.


ALB Daily chart

ALBEMARLE CORP281.72

NYSE:ALB (1/27/2023, 7:04:00 PM)+2.27 (+0.81%)

After market: 282.25 +0.53 (+0.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals

Performance
Today 0.81% 1 Week 13.37%
2 Weeks 15.83% 1 Month 31.62%
3 Month 0.56% 6 Month 15.31%

Volatility
ATR(14) 10.09 ATR(20)% 3.38%
ATR Inc 12.05% Range Today 7.16

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 88.91 Mansfield 1.56
10 Day High 285.44 10 Day Low 233.34
20 Day High 285.44 20 Day Low 208.57
52 Week High 334.55 52 Week Low 169.93
CS1 End 257.41 CR1 Start 281.73

Volume & EV
DER(3) 2.07% DER(5) 1.73%
Volume 1.23M Volume Incr 12.62%
Vol(5) 1.61M Vol(50) 1.49M

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