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|It was a first positive week after 3 consecutive negative weeks for the Albemarle Corp (ALB). During the week, the ALB gained 5.89 points, or 6.36%, and closed at 98.50 on Friday, August 10, 2018. It was the best weekly gain since May 18, 2018. Weekly volume was 54% above average. |
ALB is a member of Basic Materials Sector. Basic Materials is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See ALB long-term trend chart]
A long-term downtrend had started on November 8, 2017 at 144.99 and reached 86.75 on April 4, 2018. ALB lost 58.24 points, or 40.17%, in 21 weeks. The price is now at the 20.18% retracement level.
Medium-term trend: [See ALB medium-term trend chart]
A medium-term downtrend had started on May 21, 2018 at 106.40 and reached 90.02 on July 23, 2018. ALB lost 16.38 points, or 15.39%, in 9 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (89.89) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 11, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
Short-term trend: [See ALB short-term trend chart]
A short-term uptrend had started on July 23, 2018 at 90.02 and reached 103.11 on August 9, 2018. ALB gained -13.09 points, or -14.54%, in 17 days. The price is now at the 35.22% retracement level.
Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.