LYONDELLBASELL INDU-CL A (LYB) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:LYB • NL0009434992
Taking everything into account, LYB scores 6 out of 10 in our technical rating. In the last year, LYB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, LYB is a bad performer in the overall market: 72% of all stocks are doing better.
- LYB is part of the Chemicals industry. There are 83 other stocks in this industry, of which 78% are performing better than LYB.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month LYB has a been trading in the 46.82 - 57.48 range, which is quite wide. It is currently trading near the high of this range.
- LYB has an average volume of 6156190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- LYB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LYB is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, LYB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 55.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.52, a Stop Loss order could be placed below this zone.
More info and screens
41.96
We found 2 important support areas.
- A support zone ranging from 48.99 to 50.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.38 to 43.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 55.47 to 55.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.88 to 57.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @58.77 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for LYB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LYB is up. |
| ChartMill Relative Strength | 28.87 | NEGATIVE | LYB has a low relative strength, it was outperformed by 71.13% 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) | DOWN | MIXED | The current price of LYB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.43 | NEUTRAL | The RSI value for LYB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests LYB has a positive trend. |
| Stochastics (14,3) | 75.05 | NEUTRAL | The Stochastics value for LYB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for LYB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.75 | POSITIVE | The high ADX value value for LYB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.49 | 46.81 | 8.68 (15.64%) | 6.39% |
| An entry @55.49. This is a Buy Stop order right above the resistance zone. | An exit @46.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.68 points, which is 15.64%. | For a 1.00% total portfolio risk, you can invest 6.39% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
55.47
+0.37 (+0.67%)
LYONDELLBASELL INDU-CL A / LYB FAQ
Can you provide the ChartMill technical rating for LYONDELLBASELL INDU-CL A?
ChartMill assigns a technical rating of 6 / 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 Bearish.
What is the RSI signal for LYONDELLBASELL INDU-CL A (LYB) stock?
LYONDELLBASELL INDU-CL A (LYB) has an RSI value of 64.4287. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LYONDELLBASELL INDU-CL A?
The MACD indicator for LYONDELLBASELL INDU-CL A (LYB) has a value of 0.359255, 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.