The Greedy Trader Weekly Analysis
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Albemarle Corp (ALB)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtOversold sector
Daily :Williams' Percentage Range is overboughtRelative Strength Index and MACD bearish divergence
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It was a fifth consecutive positive week for the Albemarle Corp (ALB). During the week, the ALB gained 9.62 points, or 5.32%, and closed at 190.35 on Friday, July 23, 2021. It was the best weekly gain since March 12, 2021. ALB was trading at average weekly trading volume.

ALB is a member of Materials Sector. Materials is the second 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 uptrend had started on March 23, 2020 at 48.89 and reached 198.33 on July 21, 2021. ALB gained -149.44 points, or -305.67%, in 69 weeks. The price is now at the 5.34% retracement level.

Medium-term trend: [See ALB medium-term trend chart]
A medium-term uptrend had started on March 5, 2021 at 133.82 and reached 198.33 on July 21, 2021. ALB gained -64.51 points, or -48.21%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (164.27) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 July 9, 2021. 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 July 19, 2021 at 170.24 and reached 198.33 on July 21, 2021. ALB gained -28.09 points, or -16.50%, in 2 days. The price is now at the 28.41% retracement level.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since June 29, 2021. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.87
Bearish
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 71.05
Greed/Fear Indicator (GFI) 73.37
Moving Average Converg./Diverg. (MACD) 4.80 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.75
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 70.19
Greed/Fear Indicator (GFI) 71.87
Moving Average Converg./Diverg. (MACD) 9.84
Trading Signals
Description Value Chart
Upper Bollinger Band 197.32
Daily Stochastic Crossing 191.65
Price 190.35
Weekly Stochastic Crossing 188.37
Quarterly Trendline Resistance 187.36
20 Day Moving Average 177.82
Parabolic System 171.19
50 Day Moving Average 170.04
Quarterly Trendline Support 164.27
Lower Bollinger Band 161.68
Sector and Industry
Description Name Rank
Sector Materials 2
Industry Specialty Chemicals 44
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 170.24
Low Date 07/19/2021
High 198.33
High Date 07/21/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 170.24
Low Date 07/19/2021
High 198.33
High Date 07/21/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 157.81
Low Date 06/18/2021
High 198.33
High Date 07/21/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 187.36
Support 164.27
Low 133.82
Low Date 03/05/2021
High 198.33
High Date 07/21/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.89
Low Date 03/23/2020
High 198.33
High Date 07/21/2021
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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