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|It was the negative week for the LyondellBasell (LYB). During the week, the LYB gave back -0.24 points, or -0.23%, and closed at 104.10 on Friday, December 01, 2017. Weekly volume was -18% below average. |
Long-term trend: [See LYB long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 69.10 and reached 107.83 on October 30, 2017. LYB gained -38.73 points, or -56.05%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (103.61). 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 LYB medium-term trend chart]
A medium-term uptrend had started on June 6, 2017 at 78.01 and reached 107.83 on October 30, 2017. LYB gained -29.82 points, or -38.23%, in 20 weeks. The price is now at the 12.51% retracement level.
Weekly Technical Indicators: [See LYB weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and 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 Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 14, 2017. This is an indication that the medium-term trend is up. 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 October 30, 2017 at 107.83 and reached 101.78 on November 15, 2017. LYB lost 6.05 points, or 5.61%, in 16 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See LYB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 10, 2017. This is an indication that the short-term trend is down.
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 distance between the Bollinger Bands (3.65%) is close to one year low (3.64%). It is 52.68% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.