ALBEMARLE CORP (ALB) Stock Technical Analysis
NYSE:ALB - New York Stock Exchange, Inc. - US0126531013 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ALB. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALB was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ALB is a bad performer in the overall market: 85% of all stocks are doing better.
ALB is part of the Chemicals industry. There are 85 other stocks in this industry, of which 65% are performing better than ALB.
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.
In the last month ALB has a been trading in the 55.90 - 69.49 range, which is quite wide. It is currently trading near the high of this range.
ALB has an average volume of 3425690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ALB has an average technical rating and it also 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
55.50
81.38
3 important support areas can be observed.
- A support zone ranging from 61.89 to 62.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.66 to 58.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.06 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 67.22 to 67.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @80.57 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 | UP | POSITIVE | The short term trend for ALB is up. |
| ChartMill Relative Strength | 15.23 | NEGATIVE | ALB has a low relative strength, it was outperformed by 84.77% 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) | DOWN | NEGATIVE | The current price of ALB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.86 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests ALB has a positive trend. |
| Stochastics (14,3) | 80.33 | OVERBOUGHT | The high Stochastics value suggests ALB may be overbought. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for ALB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.54 | 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)
67.21
-0.78 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.15%
1 Week5.43%
2 Weeks13.15%
1 Month12.58%
3 Month14.87%
6 Month-23.44%
12 Month-31.66%
2 Year-68.34%
3 Year-72.49%
5 Year-18.49%
10 Year24%
15 Year54.08%
Volatility
ATR(14)2.96
ATR(20)%4.35%
ATR Inc61.82%
Range Today2.65
ADR(20)2.56
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.23
Mansfield-2.4
10 Day High69.49
10 Day Low55.9
20 Day High69.49
20 Day Low55.9
52 Week High113.91
52 Week Low49.43
CS1 End62.94
CR1 Start67.22
Volume & EV
DER(3)2.02%
DER(5)0.82%
Volume2.32M
Volume Incr-5.8%
Vol(5)3.45M
Vol(50)3.43M