ALBEMARLE CORP (ALB)       269.68  +4.65 (+1.75%)

269.68  +4.65 (+1.75%)

US0126531013 - Common Stock - Premarket: 270.5 +0.82 (+0.3%)

Technical Rating

6

Taking everything into account, ALB scores 6 out of 10 in our technical rating. In the last year, ALB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ALB is part of the Chemicals industry. There are 121 other stocks in this industry. ALB outperforms 92% of them.
ALB is currently trading in the upper part of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So ALB is doing quite good in this market.
ALB has an average volume of 1291200 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 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ALB has a been trading in the 249.58 - 308.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months -5.37% 31.46% 19.90% 23.20% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 97.29 169.93 - 308.24
ALB Weekly chart
ALB Daily chart

Support/Resistance Analysis


197.38

272.38
We found 4 important support areas.
  • A support zone ranging from 256.95 to 265.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 210.55 to 213.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @204.19 from a trend line in the daily time frame.
  • Support @199.37 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

5

ALB has an average technical rating and the quality of the presented setup is also 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.


ALB Daily chart

ALBEMARLE CORP269.68

NYSE:ALB (9/27/2022, 7:04:00 PM)+4.65 (+1.75%)

Premarket: 270.5 +0.82 (+0.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today 1.75% 1 Week -6.25%
2 Weeks -9.53% 1 Month -5.37%
3 Month 31.46% 6 Month 19.9%
Volatility
ATR(14) 13.93 ATR(20)% 5.03%
ATR Inc -25% Range Today 11.25
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 97.29 Mansfield 3.42
10 Day High 308.24 10 Day Low 260.31
20 Day High 308.24 20 Day Low 249.58
52 Week High 308.24 52 Week Low 169.93
CS1 End 265.22 CR1 Start N/A
Volume & EV
DER(3) 0.23% DER(5) -1.22%
Volume 1.10M Volume Incr -6.53%
Vol(5) 1.28M Vol(50) 1.29M

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