LYONDELLBASELL INDU-CL A (LYB) Stock Technical Analysis
NYSE:LYB - New York Stock Exchange, Inc. - NL0009434992 - Common Stock - Currency: USD
Taking everything into account, LYB scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. LYB was also a bad performer in the overall market in the last year.
88% of all other stocks performed better in the past year than LYB.
LYB is part of the Chemicals industry. There are 85 other stocks in this industry, of which 72% are performing better than LYB.
LYB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month LYB has a been trading in the 55.45 - 62.88 range, which is quite wide. It is currently trading near the high of this range.
LYB has an average volume of 4049170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of LYB 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
52.69
68.23
3 important support areas can be observed.
- A support zone ranging from 58.31 to 59.22. 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 55.61 to 56.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 53.22 to 53.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.02 to 62.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @64.15 from a trend line in the weekly time frame.
- Resistance @67.55 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 | DOWN | NEGATIVE | The long term trend for LYB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LYB is up. |
| ChartMill Relative Strength | 12.13 | NEGATIVE | LYB has a low relative strength, it was outperformed by 87.87% 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 | NEGATIVE | The current price of LYB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.24 | NEUTRAL | The RSI value for LYB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests LYB has a positive trend. |
| Stochastics (14,3) | 90.27 | OVERBOUGHT | The high Stochastics value suggests LYB may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for LYB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for LYB suggests a weak or negative 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)
62.01
-0.55 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.88%
1 Week6.18%
2 Weeks5.75%
1 Month10.71%
3 Month6.95%
6 Month-14.79%
12 Month-33.74%
2 Year-37.27%
3 Year-30.42%
5 Year-0.82%
10 Year-33.91%
15 YearN/A
Volatility
ATR(14)1.63
ATR(20)%2.67%
ATR Inc1.89%
Range Today0.96
ADR(20)1.53
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.13
Mansfield-2.65
10 Day High62.88
10 Day Low56.72
20 Day High62.88
20 Day Low55.45
52 Week High100.46
52 Week Low51.11
CS1 End58.17
CR1 Start58.81
Volume & EV
DER(3)1.04%
DER(5)0.08%
Volume1.96M
Volume Incr-17.46%
Vol(5)3.76M
Vol(50)4.05M