ALBEMARLE CORP (ALB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALB - US0126531013 - Common Stock
We assign a technical rating of 10 out of 10 to ALB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALB is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ALB is one of the better performing stocks in the market, outperforming 96% of all stocks.
- ALB is part of the Chemicals industry. There are 82 other stocks in this industry. ALB outperforms 97% of them.
- ALB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ALB has an average volume of 3537510 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 140.70 - 179.14 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, it 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
107.59
We found 3 important support areas.
- Support @163.03 from a horizontal line in the daily time frame.
- A support zone ranging from 156.35 to 157.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @108.68 from a trend 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 | UP | POSITIVE | The short term trend for ALB is up. |
| ChartMill Relative Strength | 96.09 | POSITIVE | ALB has a high relative strength, it outperformed 96.09% 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) | UP | POSITIVE | The current price of ALB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.85 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests ALB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.67 | NEUTRAL | The Stochastics value for ALB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ALB suggests some volalility. |
| Average Directional Index/ADX (14) | 40.1 | POSITIVE | The high ADX value value for ALB suggests a strong trend. |
172.54
+9.5 (+5.83%)
ALBEMARLE CORP / ALB FAQ
What is the ChartMill technical rating of ALBEMARLE CORP (ALB) stock?
ChartMill assigns a technical rating of 10 / 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 66.8533. 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 0.661976, indicating a bearish trend.
Can you provide the short term momentum for ALBEMARLE CORP?
The short term momentum for ALBEMARLE CORP (ALB) is positive.