|
|
Downtrend Broken Resist.Archive
- 7/19/2024 -
Sign In to see current Signals. |
Albemarle Corp (ALB) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was the negative week for the Albemarle Corp (ALB). During the week, the ALB dropped -5.74 points, or -5.87%, and closed at 92.09 on Friday, July 19, 2024. Weekly volume was -16% below average.
 Long-term trend: [See ALB long-term trend chart]
A long-term downtrend had started on November 11, 2022 at 334.55 and reached 90.05 on July 19, 2024. ALB lost 244.50 points, or 73.08%, in 88 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 28.41 and resistance is at 126.74. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See ALB medium-term trend chart]
A medium-term downtrend had started on May 15, 2024 at 137.50 and reached 90.05 on July 19, 2024. ALB lost 47.45 points, or 34.51%, in 9 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 June 21, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See ALB short-term trend chart]
A short-term downtrend had started on July 11, 2024 at 100.20 and reached 90.05 on July 19, 2024. ALB lost 10.15 points, or 10.13%, in 8 days. The price is now at the 20.10% retracement level.
 Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 2, 2024. The distance between MACD and the signal line is low and getting smaller.
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 price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (10.99%) is close to one year low (11.22%). It is 53.65% 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.
| |
|
|