ALBEMARLE CORP (ALB)

US0126531013 - Common Stock

128.8  +9.79 (+8.23%)

Premarket: 128.89 +0.09 (+0.07%)

Technical Rating and Analysis

2

Overall ALB gets a technical rating of 2 out of 10. ALB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ALB is a bad performer in the overall market: 88% of all stocks are doing better.
ALB is one of the lesser performing stocks in the Chemicals industry. 85% of 85 stocks in the same industry do better.
ALB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ALB has an average volume of 3705110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ALB has a been trading in the 106.69 - 143.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
ALB Weekly chart
ALB Daily chart
Setup Rating and Analysis

3

The technical rating of ALB is bad and it also does not present a 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.

Support and Resistance Analysis

107.64

144.24

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 120.72 to 124.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @118.35 from a horizontal line in the daily time frame.
  • Support @114.25 from a horizontal line in the weekly time frame.
  • Support @108.73 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

  • A resistance zone ranging from 131.55 to 131.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 137.77 to 139.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 142.81 to 142.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.02
Mansfield-3.35
10 Day High129.02
10 Day Low116.77
20 Day High143.19
20 Day Low106.69
52 Week High247.44
52 Week Low106.69
Performance
1 Week3.5%
2 Weeks2.39%
1 Month-2.47%
3 Month-10.85%
6 Month-24.25%
12 Month-41.73%
2 Year-41.76%
3 Year-11.85%
5 Year57.11%
10 Year93.92%
15 Year491.64%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)55.27
LBB116.46
UBB128.72
ALB Daily chart

ALBEMARLE CORP

NYSE:ALB (3/27/2024, 8:04:00 PM)

Premarket: 128.89 +0.09 (+0.07%)

128.8

+9.79 (+8.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg8.23%
1 Week3.5%
2 Weeks2.39%
1 Month-2.47%
3 Month-10.85%
6 Month-24.25%
12 Month-41.73%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.74
ATR(20)%5.66%
ATR Inc
Range Today9.38
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High129.02
10 Day Low116.77
20 Day High143.19
20 Day Low106.69
52 Week High247.44
52 Week Low106.69
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.72M
Volume Incr-37.45%
Vol(5)2.83M
Vol(50)3.71M