ALBEMARLE CORP (ALB) Stock Technical Analysis
NYSE:ALB - New York Stock Exchange, Inc. - US0126531013 - Common Stock - Currency: USD
Overall ALB gets a technical rating of 2 out of 10. ALB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than ALB.
ALB is part of the Chemicals industry. There are 84 other stocks in this industry, of which 75% are performing better than ALB.
ALB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALB is lagging the market.
ALB has an average volume of 3577570 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 53.70 - 65.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALB has a poor technical rating and the quality of the setup is also not perfect 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
55.50
83.13
When analyzing the support we notice one important area.
- A support zone ranging from 56.06 to 56.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- Resistance @57.19 from a trend line in the weekly time frame.
- A resistance zone ranging from 60.73 to 61.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.95 from a trend line in the daily time frame.
- Resistance @65.09 from a horizontal line in the daily time frame.
- Resistance @82.31 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ALB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALB is down. |
| ChartMill Relative Strength | 8.19 | NEGATIVE | ALB has a low relative strength, it was outperformed by 91.81% 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) | DOWN | NEGATIVE | The current price of ALB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.56 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ALB has a negative trend. |
| Stochastics (14,3) | 40.53 | NEUTRAL | The Stochastics value for ALB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for ALB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.38 | NEGATIVE | The low ADX value for ALB suggests a weak or negative trend. |
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)
56.66
-2.74 (-4.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-4.61%
1 Week-9.31%
2 Weeks-3.38%
1 Month0.39%
3 Month-26.95%
6 Month-36.09%
12 Month-40.14%
2 Year-74.6%
3 Year-72.89%
5 Year-26.62%
10 Year2.51%
15 Year42.68%
Volatility
ATR(14)2.63
ATR(20)%4.43%
ATR Inc-12.24%
Range Today3.18
ADR(20)2.3
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.19
Mansfield-3.38
10 Day High65.75
10 Day Low56.65
20 Day High65.75
20 Day Low53.7
52 Week High113.91
52 Week Low49.43
CS1 End56.61
CR1 Start57.19
Volume & EV
DER(3)-1.81%
DER(5)-0.06%
Volume5.55M
Volume Incr-11%
Vol(5)3.16M
Vol(50)3.58M