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|It was the negative week for the Albemarle Corp (ALB). During the week, the ALB dropped -4.06 points, or -3.81%, and closed at 102.38 on Friday, November 09, 2018. Weekly volume was -6% below average. |
ALB is a member of Basic Materials Sector. Basic Materials is the 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 26.84% retracement level.
Medium-term trend: [See ALB medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 86.75 and reached 108.74 on November 7, 2018. ALB gained -21.99 points, or -25.35%, in 31 weeks. The price is now at the 28.92% retracement level.
Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly 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 weekly 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.
The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 26, 2018 at 92.94 and reached 108.74 on November 7, 2018. ALB gained -15.80 points, or -17.00%, in 12 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up.
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 20 Day Moving Average 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.