The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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 :Oversold industryRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Albemarle Corp (ALB). During the week, the ALB gained 2.21 points, or 2.09%, and closed at 107.72 on Friday, February 09, 2018. Weekly volume was 108% above average.

ALB is a member of Synthetics Industry. Synthetics is the fourth most oversold industry. 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 (134.76) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ALB may retest the broken support line. It is considered to be a resistance line now. 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 downtrend had started on November 8, 2017 at 144.99 and reached 102.85 on February 5, 2018. ALB lost 42.14 points, or 29.06%, in 12 weeks. The price is now at the 11.56% retracement level.

Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 24, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ALB short-term trend chart]
A short-term downtrend had started on January 8, 2018 at 138.67 and reached 102.85 on February 5, 2018. ALB lost 35.82 points, or 25.83%, in 28 days. The price is now at the 13.60% retracement level.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since January 16, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

The distance between the Bollinger Bands is 172.50% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.43
Williams' Percentage Range (W%R) 90.40
Strong Oversold
Lane's Stochastic (%D-Slow) 27.35
Greed/Fear Indicator (GFI) 25.11
Moving Average Converg./Diverg. (MACD) -5.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.23
Oversold
Williams' Percentage Range (W%R) 92.50
Strong Oversold
Lane's Stochastic (%D-Slow) 16.08
Oversold
Greed/Fear Indicator (GFI) 19.30
Oversold
Moving Average Converg./Diverg. (MACD) 3.51
Trading Signals
Description Value Chart
Upper Bollinger Band 129.06
50 Day Moving Average 123.98
20 Day Moving Average 113.71
Price 107.72
Weekly Stochastic Crossing 106.15
Daily Stochastic Crossing 105.65
Parabolic System 102.75
Lower Bollinger Band 98.35
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Synthetics 4
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.85
Low Date 02/05/2018
High 109.48
High Date 02/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 138.67
High Date 01/08/2018
Low 102.85
Low Date 02/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.99
High Date 11/08/2017
Low 102.85
Low Date 02/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 144.11
Support 134.76
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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