The Greedy Trader Weekly Analysis
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Albemarle Corp
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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the Albemarle Corp (ALB). During the week, the ALB gained 3.71 points, or 3.82%, and closed at 100.90 on Friday, September 14, 2018. Weekly volume was -21% 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 (91.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ALB may retest the broken resistance line. It is considered to be a support 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 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 16.88% 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. 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 101.55 on September 14, 2018. ALB gained -7.10 points, or -7.52%, in 14 days. The price is now at the 9.15% retracement level.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since September 4, 2018. This is an indication that the short-term trend is up.

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.

The price touches the upper Bollinger Band. 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.

During the last week, the price 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) 74.85
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 86.03
Overbought
Greed/Fear Indicator (GFI) 84.48
Overbought
Moving Average Converg./Diverg. (MACD) 0.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.23
Williams' Percentage Range (W%R) 33.80
Lane's Stochastic (%D-Slow) 51.91
Greed/Fear Indicator (GFI) 58.35
Moving Average Converg./Diverg. (MACD) -4.12
Trading Signals
Description Value Chart
Upper Bollinger Band 101.14
Price 100.90
Daily Stochastic Crossing 100.86
Weekly Stochastic Crossing 96.82
20 Day Moving Average 96.82
50 Day Moving Average 95.59
Parabolic System 95.27
Lower Bollinger Band 93.60
Quarterly Trendline Support 91.65
Quarterly Trendline Resistance 82.72
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Synthetics 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.45
Low Date 08/31/2018
High 101.55
High Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.41
Low Date 08/23/2018
High 101.55
High Date 09/14/2018
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 82.72
Support 91.65
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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