The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Albemarle Corp
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Summary:
Weekly :Overbought sectorBroken trend support lineWeekly  MACD line has moved above its signal lineTrend resistance at 105.13
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the Albemarle Corp (ALB). During the week, the ALB gained 6.38 points, or 6.47%, and closed at 104.92 on Friday, May 18, 2018. It was the best weekly gain since March 9, 2018. Weekly volume was 25% above average.

ALB is a member of Basic Materials Sector. Basic Materials is the most overbought 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 uptrend had started on September 14, 2015 at 41.37 and reached 144.99 on November 8, 2017. ALB gained -103.62 points, or -250.47%, in 112 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (145.22) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See ALB medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 86.75 and reached 106.30 on May 18, 2018. ALB gained -19.55 points, or -22.54%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (105.13). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 24, 2018 at 94.11 and reached 106.30 on May 18, 2018. ALB gained -12.19 points, or -12.95%, in 24 days. The price is now at the 11.32% retracement level.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 4, 2018. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price touches the upper Bollinger Band. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.11
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 75.53
Greed/Fear Indicator (GFI) 80.66
Overbought
Moving Average Converg./Diverg. (MACD) 1.03 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.98
Williams' Percentage Range (W%R) 64.80
Lane's Stochastic (%D-Slow) 55.19
Greed/Fear Indicator (GFI) 45.43
Moving Average Converg./Diverg. (MACD) -6.52
Trading Signals
Description Value Chart
Weekly Trendline Resistance 105.13
Upper Bollinger Band 105.08
Price 104.92
Daily Stochastic Crossing 104.71
20 Day Moving Average 99.20
Weekly Stochastic Crossing 98.56
Parabolic System 97.48
Weekly Trendline Support 97.15
50 Day Moving Average 96.98
Lower Bollinger Band 94.49
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Synthetics 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.11
Low Date 04/24/2018
High 106.30
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 105.13
Support 97.15
Low 86.75
Low Date 04/04/2018
High 106.30
High Date 05/18/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.99
High Date 11/08/2017
Low 86.75
Low Date 04/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 154.58
Support 145.22
Low 41.37
Low Date 09/14/2015
High 144.99
High Date 11/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.54
Low Date 03/06/2009
High 144.99
High Date 11/08/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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