The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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LyondellBasell
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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement levelBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtBearish Deliberation CandlestickDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a first positive week for the LyondellBasell (LYB). During the week, the LYB gained 7.78 points, or 7.42%, and closed at 112.57 on Friday, May 11, 2018. Weekly volume was 22% above average.

LYB 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 LYB long-term trend chart]
A long-term uptrend had started on June 6, 2017 at 78.01 and reached 121.95 on January 29, 2018. LYB gained -43.94 points, or -56.33%, in 33 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See LYB medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 121.95 and reached 96.19 on April 4, 2018. LYB lost 25.76 points, or 21.12%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (103.89) 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. LYB 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See LYB short-term trend chart]
A short-term uptrend had started on May 4, 2018 at 102.46 and reached 113.53 on May 11, 2018. LYB gained -11.07 points, or -10.80%, in 7 days. The price is now at the 8.67% retracement level.

Daily Technical Indicators: [See LYB daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Candlestick pattern: [See LYB candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.83
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 66.95
Greed/Fear Indicator (GFI) 73.07
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.40
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 55.62
Greed/Fear Indicator (GFI) 56.39
Moving Average Converg./Diverg. (MACD) 2.27
Trading Signals
Description Value Chart
Price 112.57
Upper Bollinger Band 111.89
Daily Stochastic Crossing 110.89
Monthly Trendline Resistance 107.54
Weekly Stochastic Crossing 106.86
20 Day Moving Average 106.73
50 Day Moving Average 106.35
Monthly Trendline Support 103.89
Parabolic System 103.45
Lower Bollinger Band 101.80
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Specialty Chemicals 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.46
Low Date 05/04/2018
High 113.53
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.19
Low Date 04/04/2018
High 113.53
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 107.54
Support 103.89
High 121.95
High Date 01/29/2018
Low 96.19
Low Date 04/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.01
Low Date 06/06/2017
High 121.95
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.10
Low Date 01/20/2016
High 121.95
High Date 01/29/2018
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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