The Greedy Trader Weekly Analysis
Sign In Sep 14, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Quarterly Pattern:Rising Channel
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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 1.67 points, or 1.75%, and closed at 97.19 on Friday, September 07, 2018. Weekly volume was -18% 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 chart has formed a Falling Pennant chart pattern. The downtrend resistance line (91.44) 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 long-term trend.

Medium-term trend: [See ALB medium-term trend chart]
A medium-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 2 weeks. The price is now at the 45.23% retracement level.

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. 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 August 31, 2018 at 94.45 and reached 98.49 on September 6, 2018. ALB gained -4.04 points, or -4.28%, in 6 days. The price is now at the 32.18% 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 distance between the Bollinger Bands is falling, and it was 4.69% on Friday. It is 63.40% lower than one year average. It indicates the period of low 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) 58.54
Williams' Percentage Range (W%R) 46.50
Lane's Stochastic (%D-Slow) 69.55
Greed/Fear Indicator (GFI) 60.53
Moving Average Converg./Diverg. (MACD) 0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.32
Williams' Percentage Range (W%R) 58.00
Lane's Stochastic (%D-Slow) 48.23
Greed/Fear Indicator (GFI) 47.50
Moving Average Converg./Diverg. (MACD) -4.43
Trading Signals
Description Value Chart
Upper Bollinger Band 98.28
Daily Stochastic Crossing 97.41
Price 97.19
20 Day Moving Average 96.16
Weekly Stochastic Crossing 96.16
50 Day Moving Average 95.10
Lower Bollinger Band 93.72
Parabolic System 92.44
Quarterly Trendline Support 91.44
Quarterly Trendline Resistance 84.18
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Synthetics 53
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.45
Low Date 08/31/2018
High 98.49
High Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.41
Low Date 08/23/2018
High 98.49
High Date 09/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.02
Low Date 07/23/2018
High 103.11
High Date 08/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 84.18
Support 91.44
High 144.99
High Date 11/08/2017
Low 86.75
Low Date 04/04/2018
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.

Copyright© 2004-2016 All rights reserved.