LYONDELLBASELL INDU-CL A (LYB) Technical Analysis
NYSE:LYB • NL0009434992
We assign a technical rating of 9 out of 10 to LYB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LYB is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- LYB is part of the Chemicals industry. There are 83 other stocks in this industry. LYB outperforms 70% of them.
- LYB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LYB is performing more or less in line with the market.
- In the last month LYB has a been trading in the 53.70 - 69.25 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- LYB has an average volume of 7009870 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 LYB is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LYB 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
41.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 55.35 to 55.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.38 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 67.11 to 67.11. 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 LYB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LYB is up. |
| ChartMill Relative Strength | 81.39 | POSITIVE | LYB has a high relative strength, it outperformed 81.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LYB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LYB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LYB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.2 | OVERBOUGHT | The high RSI value suggests LYB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests LYB has a positive trend. |
| Stochastics (14,3) | 85.83 | OVERBOUGHT | The high Stochastics value suggests LYB may be overbought. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for LYB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.79 | POSITIVE | The high ADX value value for LYB suggests a strong trend. |
LYB Technicals: Chart, Performance Metrics, Trend & Indicators
66.82
-0.29 (-0.43%)
LYONDELLBASELL INDU-CL A / LYB FAQ
Can you provide the ChartMill technical rating for LYONDELLBASELL INDU-CL A?
ChartMill assigns a technical rating of 9 / 10 to LYB.
What is the current trend direction of LYONDELLBASELL INDU-CL A (LYB) stock?
The current trend direction for LYONDELLBASELL INDU-CL A (LYB) is Bullish.
What is the RSI signal for LYONDELLBASELL INDU-CL A (LYB) stock?
LYONDELLBASELL INDU-CL A (LYB) has an RSI value of 76.2003. This indicates that the stock is currently overbought.
Can you provide the MACD signal for LYONDELLBASELL INDU-CL A?
The MACD indicator for LYONDELLBASELL INDU-CL A (LYB) has a value of 0.828512, indicating a bearish trend.
Can you provide the short term momentum for LYONDELLBASELL INDU-CL A?
The short term momentum for LYONDELLBASELL INDU-CL A (LYB) is positive.