ALBEMARLE CORP (ALB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALB - US0126531013 - Common Stock
Taking everything into account, ALB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALB is showing a nice and steady performance.
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.
More info and screens
117.95
3 important support areas can be observed.
- A support zone ranging from 127.91 to 128.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @121.93 from a trend line in the daily time frame.
- Support @119.14 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 132.75 to 134.60. 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 | 93.58 | POSITIVE | ALB has a high relative strength, it outperformed 93.58% 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) | 65.46 | NEUTRAL | The RSI value for ALB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALB has a negative trend. |
| Stochastics (14,3) | 92.68 | OVERBOUGHT | The high Stochastics value suggests ALB may be overbought. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ALB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.7 | POSITIVE | The high ADX value value for ALB suggests a strong trend. |
132.74
-1.85 (-1.37%)
ALBEMARLE CORP / ALB FAQ
What is the ChartMill technical rating of ALBEMARLE CORP (ALB) stock?
ChartMill assigns a technical rating of 9 / 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 65.4635. This indicates that the stock is currently neutral.
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 128.43 and a resistance level at 132.75. Check the full technical report for our detailed analysis of ALB support and resistance levels.