ALBEMARLE CORP (ALB) Technical Analysis
NYSE:ALB • US0126531013
Taking everything into account, ALB scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ALB has a been trading in the 156.72 - 206.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- 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. On top of that, ALB also shows a nice and consistent pattern of rising prices.
- ALB is one of the better performing stocks in the Chemicals industry, it outperforms 97% of 83 stocks in the same industry.
- ALB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALB is performing more or less in line with the market.
- ALB has an average volume of 2997950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although ALB has an excellent technical rating, it does not present a decent entry opportunity 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 1 important support area.
- A support zone ranging from 156.47 to 157.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 176.13 to 178.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @194.18 from a horizontal line 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 | DOWN | NEGATIVE | The short term trend for ALB is down. |
| ChartMill Relative Strength | 95.09 | POSITIVE | ALB has a high relative strength, it outperformed 95.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALB is below 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) | 44.31 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.15 | NEGATIVE | The MACD value suggests ALB has a negative trend. |
| Stochastics (14,3) | 16.18 | OVERSOLD | The low Stochastics value suggests ALB may be oversold. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for ALB suggests high volalility. |
| Average Directional Index/ADX (14) | 16.18 | NEGATIVE | The low ADX value for ALB suggests a weak or negative trend. |
ALB Technicals: Chart, Performance Metrics, Trend & Indicators
162.29
-1.64 (-1%)
ALBEMARLE CORP / ALB FAQ
What is the ChartMill technical rating of ALBEMARLE CORP (ALB) stock?
ChartMill assigns a technical rating of 9 / 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 44.3072. 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 -2.15369, indicating a bearish trend.
Can you provide the short term momentum for ALBEMARLE CORP?
The short term momentum for ALBEMARLE CORP (ALB) is negative.