ALBEMARLE CORP (ALB) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ALB • US0126531013
Taking everything into account, ALB scores 10 out of 10 in our technical rating. 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!
- Looking at the yearly performance, ALB did better than 96% of all other stocks.
- ALB is one of the better performing stocks in the Chemicals industry, it outperforms 97% of 83 stocks in the same industry.
- ALB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALB is lagging the market slightly.
- ALB has an average volume of 3404340 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 141.43 - 195.69 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 present a decent entry opportunity 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
110.74
We found 2 important support areas.
- A support zone ranging from 168.61 to 170.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @111.86 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 | 96.62 | POSITIVE | ALB has a high relative strength, it outperformed 96.62% 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 | 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) | 53.05 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests ALB has a negative trend. |
| Stochastics (14,3) | 54.29 | NEUTRAL | The Stochastics value for ALB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for ALB suggests high volalility. |
| Average Directional Index/ADX (14) | 41.47 | POSITIVE | The high ADX value value for ALB suggests a strong trend. |
170.63
-10.07 (-5.57%)
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 53.0515. 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 -1.28327, indicating a bearish trend.
Can you provide the short term momentum for ALBEMARLE CORP?
The short term momentum for ALBEMARLE CORP (ALB) is positive.