ALBEMARLE CORP (ALB) Stock Technical Analysis
USA - NYSE:ALB - US0126531013 - Common Stock
We assign a technical rating of 8 out of 10 to ALB. Although ALB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ALB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 96.52, a Stop Loss order could be placed below this zone.
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83.03
3 important support areas can be observed.
- A support zone ranging from 95.62 to 96.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.27 from a horizontal line in the daily time frame.
- Support @83.87 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 105.64 to 105.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALB is up. |
| ChartMill Relative Strength | 73.55 | POSITIVE | ALB has a high relative strength, it outperformed 73.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.49 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests ALB has a negative trend. |
| Stochastics (14,3) | 48.31 | NEUTRAL | The Stochastics value for ALB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for ALB suggests high volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for ALB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 96.91 | 95.61 | 1.30 (1.34%) | 25.00% |
| An entry @96.91. This is a Buy Stop order right above the 10 day moving average. | An exit @95.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.30 points, which is 1.34%. | For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
96.53
-1.7 (-1.73%)
ALBEMARLE CORP / ALB FAQ
What is the ChartMill technical rating of ALBEMARLE CORP (ALB) stock?
ChartMill assigns a technical rating of 8 / 10 to ALB.
What is the trend direction for ALB stock?
The current trend direction for ALBEMARLE CORP (ALB) is Bullish.
What is the RSI signal for ALB stock?
ALBEMARLE CORP (ALB) has an RSI value of 54.4916. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ALBEMARLE CORP?
The buy/sell signal for ALBEMARLE CORP (ALB) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ALBEMARLE CORP (ALB) stock?
ALBEMARLE CORP (ALB) has a support level at 96.52 and a resistance level at 105.64. Check the full technical report for our detailed analysis of ALB support and resistance levels.