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|It was a first positive week for the LyondellBasell (LYB). During the week, the LYB gained 4.97 points, or 4.39%, and closed at 118.09 on Friday, June 08, 2018. Weekly volume was -15% below average. |
LYB 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 LYB long-term trend chart]
A long-term uptrend had started on June 6, 2017 at 78.01 and reached 121.95 on January 29, 2018. LYB gained -43.94 points, or -56.33%, in 33 weeks. The price is now at the 8.78% retracement level.
Medium-term trend: [See LYB medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 96.19 and reached 119.39 on May 24, 2018. LYB gained -23.20 points, or -24.12%, in 7 weeks. The price is now at the 5.60% retracement level.
Weekly Technical Indicators: [See LYB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 18, 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 LYB short-term trend chart]
A short-term downtrend had started on May 24, 2018 at 119.39 and reached 110.97 on May 29, 2018. LYB lost 8.42 points, or 7.05%, in 5 days. The price is now at the 84.56% retracement level.
Daily Technical Indicators: [See LYB 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.