The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 8/7/2026 -
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Albemarle Corp (ALB) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :Williams' Percentage Range is overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the Albemarle Corp (ALB). During the week, the ALB gained 13.47 points, or 11.45%, and closed at 131.11 on Friday, August 7, 2026. It was the best weekly gain since June 12, 2026. Weekly volume was -6% below average.

Long-term trend: [See ALB long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 49.43 and reached 221.00 on May 7, 2026. ALB gained -171.57 points, or -347.10%, in 56 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (197.15) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See ALB medium-term trend chart]
A medium-term downtrend had started on May 7, 2026 at 221.00 and reached 111.55 on July 28, 2026. ALB lost 109.45 points, or 49.52%, in 11 weeks. The price is now at the 17.87% retracement level.

Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. 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 weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 28, 2026 at 111.55 and reached 132.99 on August 7, 2026. ALB gained -21.44 points, or -19.22%, in 10 days. The price is now at the 8.77% 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.

The daily MACD line is above its signal line since July 20, 2026. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.03
Williams' Percentage Range (W%R) 17.40
Overbought
Lane's Stochastic (%D-Slow) 76.30
Greed/Fear Indicator (GFI) 76.63
Moving Average Converg./Diverg. (MACD) -6.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.13
Williams' Percentage Range (W%R) 83.80
Oversold
Lane's Stochastic (%D-Slow) 6.51
Strong Oversold
Greed/Fear Indicator (GFI) 18.38
Oversold
Moving Average Converg./Diverg. (MACD) 1.47
Trading Signals
Description Value Chart
50 Day Moving Average 138.75
Upper Bollinger Band 133.10
Price 131.11
Daily Stochastic Crossing 128.87
20 Day Moving Average 119.95
Parabolic System 119.15
Weekly Stochastic Crossing 116.06
Lower Bollinger Band 114.19
Sector and Industry
Description Name Rank
Sector Materials 4
Industry Specialty Chemicals 36
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 111.55
Low Date 07/28/2026
High 132.99
High Date 08/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 111.55
Low Date 07/28/2026
High 132.99
High Date 08/07/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 221.00
High Date 05/07/2026
Low 111.55
Low Date 07/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 239.90
Support 197.15
Low 49.43
Low Date 04/08/2025
High 221.00
High Date 05/07/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 334.55
High Date 11/11/2022
Low 49.43
Low Date 04/08/2025
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.