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Advanced TA SearchArchive
- 8/30/2024 -
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Albemarle Corp (ALB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Albemarle Corp (ALB). During the week, the ALB gave back -0.25 points, or -0.28%, and closed at 90.25 on Friday, August 30, 2024. Weekly volume was -43% 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 71.97 on August 14, 2024. ALB lost 262.58 points, or 78.49%, in 91 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 14.36 and resistance is at 112.68. 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 71.97 on August 14, 2024. ALB lost 65.53 points, or 47.66%, in 13 weeks. The price is now at the 27.90% retracement level.
 Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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. Use the following link to access Lane's Stochastic 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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 August 14, 2024 at 71.97 and reached 94.69 on August 30, 2024. ALB gained -22.72 points, or -31.57%, in 16 days. The price is now at the 19.54% retracement level.
 Daily Technical Indicators: [See ALB 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since August 16, 2024. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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