ALBEMARLE CORP (ALB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALB - US0126531013 - Common Stock
Taking everything into account, ALB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ALB has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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123.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 135.96 to 136.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 130.60 to 131.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @124.73 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 145.89 to 145.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 95 | POSITIVE | ALB has a high relative strength, it outperformed 95% 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) | 73.19 | OVERBOUGHT | The high RSI value suggests ALB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests ALB has a positive trend. |
| Stochastics (14,3) | 90.12 | OVERBOUGHT | The high Stochastics value suggests ALB may be overbought. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ALB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.89 | POSITIVE | The high ADX value value for ALB suggests a strong trend. |
145.38
-0.5 (-0.34%)
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 trend direction for 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 73.1902. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for ALBEMARLE CORP?
The buy/sell signal for ALBEMARLE CORP (ALB) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ALBEMARLE CORP (ALB) stock?
ALBEMARLE CORP (ALB) has a support level at 136.68 and a resistance level at 145.89. Check the full technical report for our detailed analysis of ALB support and resistance levels.