ALBEMARLE CORP (ALB) Stock Technical Analysis
NYSE:ALB • US0126531013
We assign a technical rating of 10 out of 10 to ALB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALB is showing a nice and steady performance.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that ALB is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by ALB over the past year are nicely spread over this period.
- ALB is one of the better performing stocks in the Chemicals industry, it outperforms 100% of 83 stocks in the same industry.
- ALB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALB is lagging the market slightly.
- ALB has an average volume of 3132380 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 156.04 - 206.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ALB has an excellent technical rating, it 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.
More info and screens
154.91
We found 2 important support areas.
- A support zone ranging from 166.35 to 166.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @156.47 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 194.18 to 195.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for ALB is neutral. |
| ChartMill Relative Strength | 95.45 | POSITIVE | ALB has a high relative strength, it outperformed 95.45% 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) | 53.48 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests ALB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.44 | NEUTRAL | The Stochastics value for ALB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for ALB suggests high volalility. |
| Average Directional Index/ADX (14) | 17.67 | NEGATIVE | The low ADX value for ALB suggests a weak or negative trend. |
178.18
-0.49 (-0.27%)
ALBEMARLE CORP / ALB FAQ
What is the ChartMill technical rating of ALBEMARLE CORP (ALB) stock?
ChartMill assigns a technical rating of 10 / 10 to ALB.
What is the current trend direction of ALBEMARLE CORP (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 53.48. This indicates that the stock is currently neutral.
What is the MACD signal for ALBEMARLE CORP (ALB) stock?
The MACD indicator for ALBEMARLE CORP (ALB) has a value of 0.616379, indicating a bearish trend.
Can you provide the short term momentum for ALBEMARLE CORP?
The short term momentum for ALBEMARLE CORP (ALB) is neutral.