The Greedy Trader Weekly Analysis
Sign In Dec 8, 2017
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Albemarle Corp
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved below its signal lineTrend resistance at 132.81Trend resistance at 132.15
Daily :MACD bullish divergenceBearish Dark Cloud Cover Candlestick
Move cursor over the icon to see details.

It was the negative week for the Albemarle Corp (ALB). During the week, the ALB dropped -4.91 points, or -3.58%, and closed at 132.15 on Friday, December 01, 2017. It was the worst weekly loss since August 11, 2017. ALB was trading at average weekly trading volume.

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 price is near the trend resistance line (132.81). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See ALB medium-term trend chart]
A medium-term uptrend had started on September 12, 2016 at 75.11 and reached 144.99 on November 8, 2017. ALB gained -69.88 points, or -93.04%, in 60 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (132.15). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 June 15, 2017 at 103.63 and reached 144.99 on November 8, 2017. ALB gained -41.36 points, or -39.91%, in 146 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 118.29 and resistance is at 150.20. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.

The daily MACD line is below its signal line since October 9, 2017.

Candlestick pattern: [See ALB candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.69
Williams' Percentage Range (W%R) 67.60
Lane's Stochastic (%D-Slow) 48.52
Greed/Fear Indicator (GFI) 38.86
Moving Average Converg./Diverg. (MACD) -0.39 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.53
Williams' Percentage Range (W%R) 27.80
Lane's Stochastic (%D-Slow) 66.94
Greed/Fear Indicator (GFI) 65.37
Moving Average Converg./Diverg. (MACD) 8.36
Trading Signals
Description Value Chart
Weekly Trendline Resistance 150.20
Upper Bollinger Band 143.67
Weekly Stochastic Crossing 139.11
20 Day Moving Average 137.71
50 Day Moving Average 137.49
Parabolic System 137.47
Daily Stochastic Crossing 133.58
Quarterly Trendline Resistance 132.81
Monthly Trendline Resistance 132.15
Price 132.15
Lower Bollinger Band 129.25
Monthly Trendline Support 126.55
Quarterly Trendline Support 124.47
Weekly Trendline Support 118.29
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Synthetics 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 144.99
High Date 11/08/2017
Low 130.01
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 150.20
Support 118.29
Low 103.63
Low Date 06/15/2017
High 144.99
High Date 11/08/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 132.15
Support 126.55
Low 75.11
Low Date 09/12/2016
High 144.99
High Date 11/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 132.81
Support 124.47
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.

Copyright© 2004-2016 All rights reserved.