The Greedy Trader Weekly Analysis
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Quarterly 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 :Oversold sector
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversold
Move cursor over the icon to see details.

It was the negative week for the Albemarle Corp (ALB). During the week, the ALB gave back -0.45 points, or -0.47%, and closed at 96.32 on Friday, November 30, 2018. Weekly volume was -40% 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 16.43% 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 chart has formed a Rising Wedge chart pattern. The trend support level is at 93.97 and resistance is at 108.00. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 7, 2018 at 108.74 and reached 93.29 on November 21, 2018. ALB lost 15.45 points, or 14.21%, in 14 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since November 12, 2018. This is an indication that the short-term trend is down.

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.

During the last week, the 20 Day Moving Average 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) 35.00
Williams' Percentage Range (W%R) 82.50
Oversold
Lane's Stochastic (%D-Slow) 30.83
Greed/Fear Indicator (GFI) 27.79
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.32
Williams' Percentage Range (W%R) 68.10
Lane's Stochastic (%D-Slow) 45.19
Greed/Fear Indicator (GFI) 42.10
Moving Average Converg./Diverg. (MACD) -0.96
Trading Signals
Description Value Chart
Monthly Trendline Resistance 108.00
Upper Bollinger Band 107.05
Weekly Stochastic Crossing 100.37
20 Day Moving Average 100.33
Parabolic System 99.57
50 Day Moving Average 99.51
Price 96.32
Daily Stochastic Crossing 94.76
Monthly Trendline Support 93.97
Lower Bollinger Band 89.76
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Synthetics 81
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 108.74
High Date 11/07/2018
Low 93.29
Low Date 11/21/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.94
Low Date 10/26/2018
High 108.74
High Date 11/07/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 108.00
Support 93.97
Low 86.75
Low Date 04/04/2018
High 108.74
High Date 11/07/2018
Quarterly Trend
Yearly Trend
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
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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