ALBEMARLE CORP (ALB) Stock Technical Analysis
NYSE:ALB - New York Stock Exchange, Inc. - US0126531013 - Common Stock - Currency: USD
Overall ALB gets a technical rating of 3 out of 10. ALB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ALB is a bad performer in the overall market: 74% of all stocks are doing better.
ALB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALB is lagging the market.
In the last month ALB has a been trading in the 64.24 - 86.19 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ALB has an average volume of 4315390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ALB is part of the Chemicals industry. There are 85 other stocks in this industry, ALB did better than 55% of them.
The technical rating of ALB is bad and it also does not present a 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
84.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 67.85 to 67.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 60.01 to 60.03. 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 67.91 to 68.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 83.16 to 83.67. 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 | NEUTRAL | NEUTRAL | The long term trend for ALB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALB is down. |
| ChartMill Relative Strength | 26.08 | NEGATIVE | ALB has a low relative strength, it was outperformed by 73.92% 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) | DOWN | NEGATIVE | The current price of ALB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.16 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.59 | NEGATIVE | The MACD value suggests ALB has a negative trend. |
| Stochastics (14,3) | 9.55 | OVERSOLD | The low Stochastics value suggests ALB may be oversold. |
| Average True Range in percent/ATR (20) | 6.74 | HIGH VOLATILITY | The high ATR as a percentage value for ALB suggests high volalility. |
| Average Directional Index/ADX (14) | 28 | POSITIVE | The high ADX value value for ALB suggests a strong 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)
67.9
+0.05 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.07%
1 Week-18.92%
2 Weeks-11.9%
1 Month1.03%
3 Month12.6%
6 Month-19.35%
12 Month-21.95%
2 Year-65.83%
3 Year-74.66%
5 Year-25.39%
10 Year50.19%
15 Year69.37%
Volatility
ATR(14)4.74
ATR(20)%6.74%
ATR Inc-9.86%
Range Today3.62
ADR(20)3.86
ADR(20)%5.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.08
Mansfield-2.06
10 Day High86.19
10 Day Low64.95
20 Day High86.19
20 Day Low64.24
52 Week High113.91
52 Week Low49.43
CS1 End67.89
CR1 Start67.91
Volume & EV
DER(3)-1.77%
DER(5)-2.1%
Volume4.28M
Volume Incr45.91%
Vol(5)6.88M
Vol(50)4.32M