ALBEMARLE CORP (ALB) Stock Technical Analysis
USA - NYSE:ALB - US0126531013 - Common Stock
81.84 USD
+0.91 (+1.12%)
82.3943 USD
+0.55 (+0.68%)
Overall ALB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALB is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
ALB is part of the Chemicals industry. There are 83 other stocks in this industry. ALB outperforms 78% of them.
ALB has an average volume of 4628600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ALB is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ALB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALB is lagging the market.
In the last month ALB has a been trading in the 71.25 - 87.97 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, the quality of the presented setup is not ideal 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
63.34
88.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 74.90 to 78.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.58 from a horizontal line in the daily time frame.
- Support @63.98 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @82.70 from a trend line in the weekly time frame.
- Resistance @84.92 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 86.65 to 87.68. 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 | UP | POSITIVE | The short term trend for ALB is up. |
| ChartMill Relative Strength | 77.52 | POSITIVE | ALB has a high relative strength, it outperformed 77.52% 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 | MIXED | The current price of ALB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.7 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.04 | NEUTRAL | The Stochastics value for ALB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ALB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.22 | 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)
81.84
+0.91 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.12%
1 Week7.71%
2 Weeks0.37%
1 Month3.67%
3 Month44.44%
6 Month5.52%
12 Month-4.87%
2 Year-51.87%
3 Year-69.05%
5 Year-8.33%
10 Year85.58%
15 Year74.83%
Volatility
ATR(14)4.01
ATR(20)%4.84%
ATR Inc-35.59%
Range Today2.62
ADR(20)3.3
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.52
Mansfield-0.78
10 Day High83.93
10 Day Low71.25
20 Day High87.97
20 Day Low71.25
52 Week High113.91
52 Week Low49.43
CS1 End78.38
CR1 Start82.7
Volume & EV
DER(3)-1.65%
DER(5)-0.35%
Volume3.67M
Volume Incr-19.21%
Vol(5)3.15M
Vol(50)4.63M