ALBEMARLE CORP. - Daily - Technical analysis published on 01/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 237.09 USD
My targets
217.17 USD (-2.02%)
195.25 USD (-11.91%)
My analysis
The bearish trend is currently very strong for ALBEMARLE CORP.. As long as the price remains below the resistance at 237.09 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 217.17 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 195.25 USD as an objective. Crossing it would then enable sellers to target 170.96 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Nachoperezcandas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALBEMARLE CORP. price is 221.64 USD. On the day, this instrument gained +1.39% and was between 215.29 USD and 223.00 USD. This implies that the price is at +2.95% from its lowest and at -0.61% from its highest.215.29
223.00
221.64
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALBEMARLE CORP.:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ALBEMARLE CORP. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 170.96 | 195.25 | 217.17 | 221.64 | 237.09 | 281.48 | 306.16 |
| Change (%) | -22.87% | -11.91% | -2.02% | - | +6.97% | +27.00% | +38.13% |
| Change | -50.68 | -26.39 | -4.47 | - | +15.45 | +59.84 | +84.52 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 209.24 | 212.27 | 216.95 | 219.98 | 224.66 | 227.69 | 232.37 |
| Camarilla | 219.52 | 220.23 | 220.93 | 221.64 | 222.35 | 223.05 | 223.76 |
| Woodie | 210.08 | 212.68 | 217.79 | 220.39 | 225.50 | 228.10 | 233.21 |
| Fibonacci | 212.27 | 215.21 | 217.03 | 219.98 | 222.92 | 224.74 | 227.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.71 | 202.07 | 209.46 | 217.82 | 225.21 | 233.57 | 240.96 |
| Camarilla | 212.53 | 213.97 | 215.42 | 216.86 | 218.30 | 219.75 | 221.19 |
| Woodie | 193.24 | 201.83 | 208.99 | 217.58 | 224.74 | 233.33 | 240.49 |
| Fibonacci | 202.07 | 208.08 | 211.80 | 217.82 | 223.83 | 227.55 | 233.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.35 | 162.89 | 189.87 | 237.41 | 264.39 | 311.93 | 338.91 |
| Camarilla | 196.37 | 203.20 | 210.03 | 216.86 | 223.69 | 230.52 | 237.35 |
| Woodie | 105.08 | 157.75 | 179.60 | 232.27 | 254.12 | 306.79 | 328.64 |
| Fibonacci | 162.89 | 191.35 | 208.94 | 237.41 | 265.87 | 283.46 | 311.93 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.20 | |
| MACD (12,26,9): | -13.1500 | |
| Directional Movement: | -16.35 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 214.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 208.90 | |
| Elder Ray (13): | -6.36 | |
| Super Trend (3,10): | 242.98 | |
| Zig ZAG (10): | 221.64 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 30.14 | |
| TEMA (21): | 210.24 | |
| Williams %R (14): | -63.71 | |
| Chande Momentum Oscillator (20): | -11.70 | |
| Repulse (5,40,3): | 1.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7900 | |
| Courbe Coppock: | 23.66 |
| MA7: | 218.10 | |
| MA20: | 232.65 | |
| MA50: | 262.76 | |
| MA100: | 268.72 | |
| MAexp7: | 220.65 | |
| MAexp20: | 232.43 | |
| MAexp50: | 250.36 | |
| MAexp100: | 255.13 | |
| Price / MA7: | +1.62% | |
| Price / MA20: | -4.73% | |
| Price / MA50: | -15.65% | |
| Price / MA100: | -17.52% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | -4.64% | |
| Price / MAexp50: | -11.47% | |
| Price / MAexp100: | -13.13% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on ALBEMARLE CORP. at the time of the generation of this analysis was as follows:
- Albemarle Announces North Carolina Technology Park for Advanced Lithium Technology
- Albemarle Corporation to Host Corporate Strategy Webcast on Tues., Jan. 24, 2023
- Albemarle Unveils MercLok™, Innovative Technology for Mercury Remediation
- ALBEMARLE CORPORATION TO PARTICIPATE IN DECEMBER 2022 INVESTOR CONFERENCES
- Albemarle Announces New External Affairs Leadership
This member declared not having a position on this financial instrument or a related financial instrument.
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