The Greedy Trader Weekly Analysis
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Albemarle Corp
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :The price has fallen below the Parabolic SARRelative Strength Index and Williams' Percentage Range are oversoldStochastic signal line moved above oversold area
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It was a first positive week for the Albemarle Corp (ALB). During the week, the ALB gained 1.11 points, or 1.18%, and closed at 95.37 on Friday, June 08, 2018. Weekly volume was -32% below average.

ALB 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 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 (147.37) 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 uptrend had started on April 4, 2018 at 86.75 and reached 106.40 on May 21, 2018. ALB gained -19.65 points, or -22.65%, in 6 weeks. The price is now at the 56.13% retracement level.

Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 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 downtrend had started on May 21, 2018 at 106.40 and reached 92.61 on May 29, 2018. ALB lost 13.79 points, or 12.96%, in 8 days. The price is now at the 20.01% retracement level.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since May 23, 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.93
Oversold
Williams' Percentage Range (W%R) 81.20
Oversold
Lane's Stochastic (%D-Slow) 43.58
Greed/Fear Indicator (GFI) 27.10
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.38
Williams' Percentage Range (W%R) 80.20
Oversold
Lane's Stochastic (%D-Slow) 60.96
Greed/Fear Indicator (GFI) 42.54
Moving Average Converg./Diverg. (MACD) -6.38
Trading Signals
Description Value Chart
Upper Bollinger Band 104.88
Weekly Stochastic Crossing 100.49
Parabolic System 98.92
20 Day Moving Average 97.92
50 Day Moving Average 96.75
Price 95.37
Daily Stochastic Crossing 94.74
Lower Bollinger Band 88.52
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Synthetics 44
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 106.40
High Date 05/21/2018
Low 92.61
Low Date 05/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.75
Low Date 04/04/2018
High 106.40
High Date 05/21/2018
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
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 156.73
Support 147.37
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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